Two recent ground-breakings in Kapolei represent significant additions to their respective markets. Pacific Business News Editor in Chief A. Kam Napier has more on what it means for local businesses.
On Tuesday, Avalon Development broke ground on a 96,000-square-foot warehouse facility in Kapolei. Called the Kapolei Enterprise Center, this facility will take 10 months to build and, when completed, could be divided into as many as six units.
Warehouse space is in short supply on Oahu, with vacancy rates running at less than half the national average. So it’s not surprising that Avalon reports having three potential buyers lined up already. The facility features 40-foot ceilings, which are a rarity in Honolulu. There are three ways to acquire space in the…