Honolulu
From the February issue: For those New York real estate professionals suffering from seasonal affective disorder, here is this month’s most unwanted news flash: The commercial market in Honolulu (yes, that Honolulu) has emerged as a rival to New York City — at least when it comes to a few key statistics. According to Moody’s CMBS index released last month, the New York Metro area scored a 77, ranking it second-best among the 56 cities tracked, behind — you guessed it — Honolulu, which scored an 81. “It is like the 90-pound weakling beating the world champ,” said Mike Hamasu, director of consulting and research for Colliers Monroe Friedlander in Honolulu and a native Hawaiian. [more]
