Clark Commercial Group provides expert brokerage service, professional property management of office, retail and industrial properties, and solid tenant leasing. In addition, the staff are on call for consulting services to property owners and investors, whether the commercial property is already in operation or is to be built.
THE BIG ISLAND’S COMMERCIAL PROFILE
Buying and developing commercial property on Hawaii’s Big Island is a bit different than in other communities. We know because we work with off-island investors regularly. Based on their questions, we have developed some basic information that we hope will help you with your property research.
The Big Island has strict height limitations for both commercial and residential buildings. This means that you will find no 30 story high rises here. In fact, most buildings are limited to two or three stories, depending on zoning. The reason for the County’s low-rise standard is that it helps to preserve the island’s spectacular views for the whole community and reflects the relaxed “outer island” life style which is highly valued by residents.
The result is that most commercial buildings, though low profile, are spread over a sizeable area to achieve the critical mass needed for reasonable investment returns, usually as several detached buildings within the complex.
This is feasible on the Big Island because it is geographically larger than all of the other Hawaiian islands combined. In fact, the Big Island is roughly the size of Connecticut and has a current population of approximate 165,000 full-time residents plus a fluctuating number of tourists and part-time residents.
If you keep these things in mind as you look at the various properties available, it may help you evaluate your options realistically based on community standards.
And, of course, please contact us directly if you have questions or if we can help you further.