Most listings are in the $20's per square foot per year. The Makiki - Lower Punchbowl - Tantalu region is seeing a a rise in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 8% rise in rent.
In the last 90 days, 9 listings have come on the market, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 10,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this area were built in 1967 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Most of the folk of Makiki - Lower Punchbowl - Tantalu work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.