Most listings are in the $10's per square foot per year. The Downtown Honolulu region is going through a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 29% decrease in rent.
In the last 90 days, 36 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 22% of the office spaces in the Downtown Honolulu are subleases, so you might be able to find a shorter term or below market rent. 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 3,810 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 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 region. Commute by taxi is the most popular way to get to work amongst Downtown Honolulu residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.