Presented to Hawaii Developers Council July 2005

1
RETAIL MARKET OVERVIEW
Presented to Hawaii Developers Council July
2005 Roger B. Lyons (B)
Hawaii Developers Council
2
Trends

• Land values are up
• Users are pricing developers out of the market
• Hawaii is hot, expect more interest
• Construction prices are driving rents up

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Trends

• Rents h selectively
• Vacancy i
• Construction h

4
User Deals Honolulu

• Safeway (Kapahulu)
• Public Storage (Kapiolani)
• Kapiolani Hospital (Beretania/Kapiolani)
• Best Buy (Iwilei)
• Hawaii Self Storage (Waialae)
• Aloha Island Self Storage (King/Kalakaua)

5
Development - Oahu

• Kapolei
• Kapolei Parkway
• Kapolei Commons
• Kapolei Center
• Ewa
• Kunia S.C.
• Lualani Center
• Pearl City
• Wal-Mart
• 13-Acre Site
• Drive In
• Best Buy

• Honolulu
• Best Buy (Iwilei)
• Victoria Ward Centers
• Safeway (Kapahulu)
• Moanalua S.C.
• Waikiki
• Waikiki Beachwalk
• Royal Hawaiian S.C.

6
Development Neighbor Island

• Maui
• Lahaina Gateway
• Big Island
• Kona Commons
• Kauai
• Kukuiula

7
Whos Coming to Hawaii
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Waikiki Activity

• Increasing Visitor Numbers!
• 7 Million
• Royal Hawaiian Shopping Center
• Renovation begins this year
• Outrigger Waikiki Beachwalk
• Development Underway
• International Market Place
• Design/Developer Selection

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Waikiki Tenants
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Whos NOT Coming to Hawaii
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What does it all mean moving forward?
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RETAIL MARKET OVERVIEW
Presented to Hawaii Developers Council July
2005 Roger B. Lyons (B)
Hawaii Developers Council