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Third Hawai'I Commercial Rent Survey With New National Data Reinforces Bleak Future And Urgent Need For Relief


Third Hawai‘I Commercial Rent Survey With New National Data Reinforces Bleak Future And Urgent Need For Relief
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The results of the Third Hawai‘i Commercial Rent Survey with National Overlay show the commercial rent situation continues to worsen for businesses in Hawai‘i and across the country.
A partnership between the Seattle-based Center for Housing Economics, the State of Hawai‘i Department of Business, Economic Development and Tourism (DBEDT), National Association of Industrial and Office Properties (NAIOP), and others in Hawai‘i’s business community, expanded its research scope at the end of 2020 to include data from businesses across the United States. ....

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Unpaid Rent Remains a COVID Challenge


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Both the Hawaii Commercial Rent Survey and The University of Hawaii Economic Research Organization’s survey of residential landlords show landlords left in the lurch.
The commercial survey concentrated on the fourth quarter of 2020, finding $57 million in unpaid rent per month across all industries. This was a slight improvement over the third quarter.
Retail and restaurants remain the hardest hit by Covid closures, responsible for close to half of the unpaid rent.
And we haven’t seen the end of this. According to the survey organizer, Ryan Tanaka, president of Island Business Management, half of the respondents expect to miss at least one rent payment between now and June. Four in 10 businesses expect to miss three to six months of rent payments. ....

United States , Bryan Tanaka , Hawaii Commercial Rent , University Of Hawaii Economic Research Organization , Hawaii Commercial Rent Survey , Hawaii Economic Research Organization , Island Business Management , ஒன்றுபட்டது மாநிலங்களில் , ரியான் தனகா , ஹவாய் வணிகரீதியானது வாடகை , பல்கலைக்கழகம் ஆஃப் ஹவாய் பொருளாதார ஆராய்ச்சி ஆர்கநைஸேஶந் , ஹவாய் வணிகரீதியானது வாடகை கணக்கெடுப்பு , ஹவாய் பொருளாதார ஆராய்ச்சி ஆர்கநைஸேஶந் , தீவு வணிக மேலாண்மை ,

In new survey, Hawaii's small business community expresses little optimism about 2021


In new survey, Hawaii’s small business community expresses little optimism about 2021
Rick Daysog
© Provided by Honolulu KHNL
Small business retailers, like Ten Tomorrow in Kaimuki, are adjusting to new changes due to the coronavirus pandemic.
HONOLULU, Hawaii (HawaiiNewsNow) - Despite some signs of economic improvement in the islands, small businesses are growing more pessimistic about 2021, according to a new study.
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The latest Hawaii Commercial Rent Survey, released Thursday, found that half of the businesses didn’t pay their rent in full between April and December.
The outlook is more grim this year if they don’t get some form of commercial rent relief, the study said. ....

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