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.
.jpg)
1 comment:
I truly like to reading your post. Thank you so much for taking the time to share such a nice information. I'll definitely add this great post in my article section.
Post a Comment