On average, listings lease in the $10's per square foot per year. The Kailua submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 20% decline in rent.
In the last 90 days, 7 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,260 sqft. Most properties in this area are around 2 floors. Most buildings in this area were built in 1985 and are Class A.