On average, listings lease in the $20's per square foot per year. The Ala Moana - Kakaako region is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.
In the last 90 days, 33 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 9% of the office spaces in the Ala Moana - Kakaako are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 680 sqft. Most buildings in this area are around 6 floors. Most buildings in this region were built in 1973 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Ala Moana - Kakaako folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.