West Hawaii Real Estate | September 14, 2016 13 could leasing economy term outside a the supply levels in in the Estate measures quarterly commercial that inventory number one in turn Prices increased quarter compared average constraints and apartment and and higher yields in smaller cities,” says Yun. “As a result, investments and leasing activity in middle-tier and smaller markets prices in quarter, down deals led the way and are expected to maintain their momentum in coming months.” Given the global low yield environment, instability overseas and the probability of a rate hike by Federal Reserve at the end of the year, investors are expected to take a cautious approach in the months ahead, leading to a likely slowdown in commercial property prices – especially in Class A assets in larger markets. Meanwhile, prices in smaller markets should continue to climb with strong tenant demand and declining supply supporting growth. According to Yun, the demand for apartments will continue to drive multifamily housing construction, albeit at a more moderate pace, as a growing share of builders shift from apartments to single-family homes. Expected completions being added in coming years should begin to moderate rents and nudge vacancies higher. “The U.S. economy has its flaws and has been stuck in slow-growth mode ever since the Great Recession,” says Yun. “However, it’s still the top performing economy in the world, and U.S. commercial real estate should continue to remain a stable investment and attractive option for investors even as rates move upward.” DRYWALL CONTRACTOR Drywall Installations Hawaii Quality Licensed Professionals RESIDENTIAL • COMMERCIAL • TENANT IMPROVEMENT & REMODEL Metal Stud Framing / T Bar Ceiling Hang, Tape and Texture Demo / Rubbish Removal 808-896-3739 • dih2001@hotmail.com Ashford Alices Owner • License #C-21983 PROPERTY CARE “We provide personal care and check your home / condo while you’re away.” VacationHouseCheck.com Joan@vacationhousecheck.com (808) 987-1869 Est. 2005 Joan & Peter Kinchla FURNITURE FURNITURE NEW & NEARLY NEW • ALSO REUPHOLSTERY • We buy, sell & trade Will pick up one item or a houseful! 329-4477 74-5490 Kaiwi St. Kailua-Kona by Ace Hardware ELECTRICAL NO JOB TOO SMALL FOR ALL YOUR ELECTRICAL NEEDS, WE WELCOME YOUR CALL. 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