New Survey: 50% of Hawaii businesses not paying rent
As we move into 2021 with cautious optimism, we can reflect on last year’s economic devastation caused by COVID-19. How bad is it out there? Which areas of our economy were hit the hardest? Will people have jobs to return to? The Third Hawaiʻi Commercial Rent Survey answers these questions and continues to diagnose how businesses are faring with commercial rent. 1,126 Hawaiʻi business owners shared their feedback; as we expected, the commercial rent situation continues to worsen.
Survey findings:
• From April through December 2020, 50% of businesses did not pay rent in full.
