Friday, January 21, 2011

Honolulu among Top Commercial Real Estate Markets

Honolulu among Top Commercial Real Estate Markets

Honolulu ranks among the top markets for commercial real estate in the U.S., according to a Moody’s Investors Service study.

The ratings agency said Honolulu was the strongest of the markets surveyed in its study of properties in commercial mortgage backed securities during the fourth quarter.

Rounding out the top five markets were New York, Los Angeles, Washington D.C., and Orange County, California.

Moody’s said commercial real estate markets across the country either improved moderately or were stable during the fourth quarter. The ratings agency ranks markets through a color-coding system in which red is the weakest, yellow is better and green is the strongest.

“The commercial real estate markets are continuing down the road to recovery, though the fact that most markets remain yellow indicates that a comfortable point of stability has not yet been reached,” says Moody’s Vice President Keith Banhazl, in a statement issued by the ratings agency.

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