The typical asking rate per listing is in the $10's per square foot per year. The Downtown Honolulu submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 29% decline in rent.
In the last 90 days, 36 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 22% of the office spaces in the Downtown Honolulu are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,810 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 10 floors. Most buildings in this area were built in 1972 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 market. Commute by taxi is the most popular way to get to work amongst Downtown Honolulu folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.