The typical asking rate per listing is in the $30's per square foot per year. The Hilo submarket is going through a a rise in rates. In the last 3 months, the median rate rose $12 per sqft per year. That's a 60% increase in rent.
In the last 90 days, 28 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 4% of the available leases in the Hilo 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.
Even though the median size is 12,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 1 floors. Most buildings in this region were built in 1974 and are Class A.
Real time and historical data on commercial real estate listings in Hilo.
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