Most listings are in the $40's per square foot per year. The Waikiki region is seeing a a boost in rates. In the last 3 months, the median rate rose $50 per sqft per year.
In the last 90 days, 22 listings have been made available, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 1,280 sqft. Most buildings in this market are close to 7 floors. Most buildings in this area 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 occupants of Waikiki work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.