LATEST NEWS

November 30, 2011
Read the Maui Lani Community Newsletter (Winter 2011) Click here to Download (PDF)

(July 14, 2011)
Oceanic Time Warner Cable breaks ground at Maui Lani Village Center More

June 24, 2011
Read the Maui Lani Community Newsletter (Summer 2011) Click here to Download (PDF)

January 14, 2011
Maui Hot Spot: Maui Lani Village Center. More

December 2010
Maui Lani Village Center Goes Vertical. More

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Village Center Economic Information

Maui County
From 1990 to 2006, Maui's population grew more than 2% per year, well ahead of the statewide annual growth rate of less than 1%. As of 2006, Maui County accounted for 11% of Hawaii's population. During the same 16-year period, the number of wage and salary jobs in Maui County grew by approximately 20,600 jobs.

Maui's primary business is tourism. In 2007, more than 2.4 million visitors traveled to Maui. The island enjoyed a hotel occupancy rate of 76.5%, and its Average Daily Rate (ADR) of $262.23 was the highest in the state. Topping the leader board is Wailea Resort, whose $448.31 ADR in February 2008 was more than twice the statewide average. The resort area of Kaanapali/Kapalua also out-performed the state, with an ADR of $265.54.

An industry of growing importance is the knowledge and technology sector, including professional, technical and scientific services; computer systems and programming; enterprise management; administrative and waste management; health and social services; and information technologies.

The island of Maui - and Central Maui in particular - has been experiencing acute shortages of available space and land for industrial and commercial use. At times, vacancy levels have fallen to less than 1%, leading to rapid growth in rent prices.

Major Economic Sectors*, County of Maui
• Leisure & hospitality
• Trade, transportation & utilities
• State & local government
• Professional & business services
• Natural resources & construction
• Agriculture
* based on number of jobs

Population
Radius from Kuikahi Drive & Waiale Road

1 mile 3 miles 5 miles 10 miles
2010 Census Population 9,478 44,099 47,325 73,052
2015 Projected Population 10,259 46,369 49,822 77,124

Household Income
Radius from Kuikahi Drive & Waiale Road

1 mile 3 miles 5 miles 10 miles
2010 Census Population $80,516 $79,611 $81,787 $82,901
2015 Projected Median Household Income $92,480 $89,120 $91,729 $93,040

Daily Traffic Volumes in Vicinity of Waiale Road / Kuikahi Drive Intersection
Intersection Leg Existing 2011 Projected 2015
Waiale Rd. North of Kuikahi Dr. 13,900 20,140
Kuikahi Dr. West of Waiale Rd. 9,148 21,580
Kuikahi Dr. Extension East of Waiale Rd. 10,800 26,930
Waiale Rd. Extension South of Kuikahi Dr. 5,100 15,000

© 2008-2011 CB Richard Ellis, Inc. and Commercial Properties of Maui. We obtained the information in this site from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.


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