The median price of a Hawai’i home is $778,000. Honolulu workers need to make $39/hour to afford a 2-bedroom rental.

Many factors lead to the housing crisis, and AiKea is working on addressing a number of them:

The rise of illegal vacation rentals on websites like Airbnb

The onslaught of new development that isn’t truly affordable

There are a number of new development projects that we are following that are not building enough affordable housing and/or not building truly affordable housing. This includes:

  • Sky Ala Moana (developer: Avalon)
  • Hawaii Ocean Plaza (developer: California Investment Regional Center)