The typical asking rate per listing is in the $20's per square foot per year. The Ala Moana - Kakaako submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 15% decline in rent.
In the last 90 days, 39 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 5% of the available leases in the Ala Moana - Kakaako are subleases, so you will probably have to consider a longer term lease. 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 730 sqft. Most properties in this area 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 occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.