2015 Hawaii Real Estate Market Forecast


Residential real estate has improved in both sales activity and price across all islands including most of the neighborhoods on Oahu. Residential prices on Oahu have reached a new high. The low inventory of homes and low interest rates continue to be the reason behind the higher prices.

Here is our opinion with regard to residential housing in 2015:

  • Buyers- “Buy for the immediate-short or long term. Rising prices for 2 years.”
  • Sellers- “Congratulations, you’re now setting a new high in prices.”
  • Builders- “Manage your costs and build now.”
  • Investors- “Persevere to find the good deals. Lock into low rates now.”


We have seen improvement in all sectors of commercial real estate. The industrial sector is expected to perform well with an increase in base rent, lower vacancies, and higher resale prices. The retail market continues to improve with notable activity in Ala Moana and Waikiki. The office market rents have seen slight improvements in rents in some areas and an even level of vacancy. Office users are trending toward space efficiency. Multi-family apartments are still very popular amongst investors looking for cash flow and a place to park their money.

Here are our thoughts on commercial real estate in 2015:

  • Landlords- “Improve your buildings to retain good tenants.”
  • Tenants- “Lock in a good lease before rates go up.”
  • Investors- “Grab the good deals if you can find ‘em.”

To find out what’s happening in your neighborhood please contact us and we can help you make the best real estate choice.

About the Author

Brandon Lau grew up in Kailua and currently resides in Honolulu with his wife Andee and children Caylah, Elijah, and David. His eighteen years in real estate led him to become a Partner at ChaneyBrooks Choice Advisors. Over the past 10 years he has developed the team and systems that has created a high level of service and value for his clients.

What differentiates Brandon and his team is his consultative approach to real estate. He advises clients with relevant data and expert insight to help them make the best choices in real estate. Good choices in planning for long term dispositions, negotiating for the best price or knowing when not to pursue an investment are ways his consultative services will give you an advantage in the marketplace. His bottom line is providing service with the utmost integrity and expertise.