The typical asking rate per listing is in the $50's per square foot per year. The Waikiki submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 8% increase in rent.
In the last 90 days, 93 listings have come on the market, so you'll want to check back regularly for new listings. About 15% of the listings in the Waikiki are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,040 sqft. Most properties in this region are close to 7 stories. Most buildings in this market were built in 1977 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Most of the residents of Waikiki work from home. Commuting approximately 30 minutes 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 Waikiki.
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