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Moody’s: Honolulu commercial real estate market 4th in nation
January 23, 2009 by admin · Leave a Comment
Honolulu’s commercial real estate market is among the top five in the nation, according to a new report.
The area’s commercial real estate market ranked fourth among major metropolitan areas in the country in the fourth quarter of last year, according to a recent report from credit rating agency Moody’s Investors Service.
The report, which focused on the office, apartment and hospitality markets, gave Honolulu an overall average score of 72 out of 100 based on vacancy rates and other factors.
Pittsburgh ranked first in the report, scoring a 77 out of 100. Oklahoma City, 74, San Francisco, 74, Honolulu, 72, and Los Angeles, 68, rounded out the top five markets.
Riverside, Calif., 36, Jacksonville, 33, Trenton, N.J., 33, Detroit, 26, and Phoenix, 24, were the lowest scoring markets.
Source: PBN