The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1885-01-21
Real Estate matters.

In an interview with Mr.. ]. E. Wiseman,
one of the leading real estate and collecting
agents of Honolulu and the islands, series
of questions were asked him; and from his
large experience and extensive business con-
nections, combined with the fact that he is
one of our best authorities on the subjects, we
take pleasure in giving his answers:-
81 have been in the real estate and house
rental business here in Honolulu about six
years, and during that time have done, I
may say, very large business.
No; 1 do not claim to be the largest dealer
in real estate, agent for buying, selling,
or leasing large tracts, but in the matter of
dwelling houses in Honolulu, 1 claim to
control the rental or leasing of three times
as many as all of my rivals in that line put
together.
have ninety-three houses now on my
lists. These houses have an average rental
of S25 per month They are generally suit
able for a family of six persons.
The highest rental that 1 ask is $50 per
mont tn; the lowest being SO.
A really comfortable, nice house, with all
the modern improvements, including water,
will rent for from $50 to $50 per month, ac-
cording to lity.
No houses renting now for less than they
did last year. That is, parties who have
cid leases running for this year or longer
have not arranged to have their rentals re-
duced But new leases for the same or like
property will have to be made at lower rates
than heretofore on account of the general
depression in business.
/ should say that rentals must fall, say,
| % per cent, that is, houses that rented here
! tofore for $50 per month will now be rented
for S37 so, and others in like proper ton.
| Tenants of dwellings prefer yearly leases;
those in stores take two years lease, with
| tie privilege of renewal.
The rental of places of business in Nuu-
anu, Fort, and King streets remain at about
| the old figures.
| The desirable area for a general retail
business is bounded by Merchant, Nuuanu,
| Hotel and Fort streets. Within this area
the property along Nuuanu street pays q
| higher percentage on its assessed value than
| any other in town.
Many owners for whom collect rents de-
mand returns from me in gold, and 1 have
therefore, to demand the same from the
/ tenants. This is great inconvenience tc
many of them, and there was quite an
amount which was due January 1st that hal
been proffered me in silver that I could moi
take at par.
1 have hardly piece Of property or rea
estate that is not pa ying its owner ten pei
| cent.
Yes; I am agent for property on all the
islands, except Molokai.
Am collecting for all the principal bust
| ness houses in Honolulu.
Wherever street is improved it i'm
proves the adjoining property. As soon Al
the Government widens Alakea street there
are parties standing ready to build stores or
it. II would be a very desirable location.
have more houses vacant now than eVeI
before. This is owing to depression in bust
ness which has induced many families t.
Join together in keeping house in order t,
economic. There are a good man.
mechanics especially who do not know how
soon they may be out of job, and the
naturally wish to live as close as they can
SO as to save little something to fall bacl
on.
In selling furniture that may not
wanted, one cannot expect to get muc