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Honolulu Commercial Real Estate In-depth
Honolulu is the capital and most populous census-designated place in the state of Hawaii. Honolulu is the only incorporated city in Hawaii. Its name means “protected harbor” and it serves as the crossroads of the Pacific Ocean with ship and air connections to the U.S. mainland, Asia, Australia, and New Zealand, just one of the benefi
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Honolulu Commercial Real Estate In-depth
Honolulu is the capital and most populous census-designated place in the state of Hawaii. Honolulu is the only incorporated city in Hawaii. Its name means “protected harbor” and it serves as the crossroads of the Pacific Ocean with ship and air connections to the U.S. mainland, Asia, Australia, and New Zealand, just one of the benefits that Honolulu commercial real estate can provide for your company.
Today, one-fifth of the land in Honolulu County is zoned for agriculture, but fields are now giving way to new homes and commercial real estate development. With the closure of sugar plantations, challenges arise to find the most productive use for this commercial real estate in Honolulu. Diversified agriculture has been on a steady upward trend. Aquaculture, which includes cultivated species of shellfish, finfish and algae, has grown in recent years.
In addition to serving as the business and trading hub of the Hawaiian Islands, Honolulu is the transportation crossroads of the Pacific, connecting East with West. The city's recently expanded harbor facilities handle cargo for several international steamship companies, and a Foreign Trade Zone is based there. Other important elements of Honolulu's economic base include tourism, military defense, research and development, and manufacturing. With millions of visitors coming each year to enjoy Honolulu's climate and beaches, tourism contributes $10 billion annually to the local economy.
Honolulu commercial real estate provides space for a variety of businesses. Tourism is the most important industry in Hawaii, especially in Honolulu, which is the leading economic center of the state. Tourism brings $10 billion to the state each year, or about 55 percent of all income. The military contributes about 19 percent while services and merchandise contribute about 26 percent.
Honolulu commercial real estate provides space for the many items and goods produced in Honolulu including: jewelry, clothing, food and beverages, rubber products, construction materials, and electronics and computer equipment.
State, local and job training programs help provide incentives for new and existing companies to relocate using Honolulu commercial real estate. Honolulu commercial real estate offers a wide range of Hawaii business incentives to constantly attract and retain good paying jobs for its highly skilled workforce. Honolulu County provides a single agency jurisdiction, straightforward registration, well-organized processing and simple filing fees. Other reasons for establishing your business with Honolulu commercial real estate include tax cuts, Enterprise Zones Program, High Technology Incentives, Workforce Training Funds and Foreign Trade Zone #9.
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