The typical asking rate per listing is in the $20's per square foot per year. The Ala Moana - Kakaako submarket is seeing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 9% decrease in rent.
In the last 90 days, 44 listings have been listed, so you'll want to check back regularly for new listings. About 7% 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 770 sqft. Most buildings in this market 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 area. Commute by motorcycle is the most popular way to get to work amongst Ala Moana - Kakaako folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.