LOWEST RATES IN A DECADE

Nicely finished retail and turnkey restaurant spaces are available at the lowest rates I have ever seen on Front Street. Landlords are being generous with per Sq. Ft. costs which make for a great business opportunity. Landlords will entertain short term leases. Some landlords will entertain a percentage (%) only lease. All that is necessary to find out what a landlord will accept is to write up a no obligation Letter of Intent.

Airfares are getting back to reasonable rates which are putting more people on the island.

If ever there is a time to "pull the trigger" on a Front St. lease (or for that matter - any location), it is NOW! Call me to discuss the possibilities at 870-0503.

Leasing Costs Lowest in Years

Due to the market downturn Leasing Costs on Front St., Lahaina are down approximately 25% (+/-). The Base Rent depends on the term, premium and other specifics of the lease.

NOW is the time to lease a special space on Front St. Negotiations are in the favor of the Tenant.

There are excellent locations available in the 700 and 800 blocks of Front St. I cannot emphasize enough that there is no better time to secure a lease than RIGHT NOW!!

Example: A prime 800 block space at under $15.00/S.F.!! If you are contemplating securing a Front St. space, please call me at (808) 870-0503 to discuss the possibilities.

Other non-Front St. spaces are available at discounted rates. Call me for details.

LAHAINA COMMERCIAL REAL ESTATE

Aloha and welcome to my first blog on the subject of Lahaina and West Maui Commercial Property. This post includes an emphasis on West Maui real estate and what you might expect if you’re looking for space to lease or a space for lease. If specifically interested in space in Lahaina, particularly on Front Street, in simple terms - it’s a bit pricey.

That said, Front Street traffic is the driving force behind the high prices. More than 80% of tourists visit Front Street during their stay. Base rents start at approx. $15.00 per square foot per month. There are many “ingredients” that make up the price per square feet. Demand is on the top of the list. Location also plays a big part. Another factor is premium, otherwise known as “key money.” This is the cost to lease the space which I liken to “points” in a loan. Other factors such as the length of the lease are part of the equation.

With the overall market in flux, now is an excellent time to lease space. There is always space available on or near Front Street and with 11 years and more than 250 lease transactions in Lahaina and West Maui, I am "your man" to discover what is available.

I am a past member of the Board of Directors of the LahainaTown Action Committee, a group of dedicated people looking to improve our town and the unique shopping experience in Lahaina. LAC sponsors events year round in an effort to assist businesses in our community. If you are a shop owner but not a part of LAC, let me know & I will sign you up.

If you have questions or want additional information regarding the sale and/or leasing of commercial property in Lahaina, please e-mail john@96761realty.com or call me at (808) 870-0503 and I will be happy to assist you. References are available.