The typical asking rate per listing is in the $10's per square foot per year. The Makiki - Lower Punchbowl - Tantalu region is seeing a decrease in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 38% decline in rent.
In the last 90 days, 50 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the listings in the Makiki - Lower Punchbowl - Tantalu are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 610 sqft. Most buildings in this region are around 2 floors. Most buildings in this area were built in 1967 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Most of the occupants of Makiki - Lower Punchbowl - Tantalu work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Makiki - Lower Punchbowl - Tantalu.
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