Most listings are in the $30'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 rose $32 per sqft per year.
In the last 90 days, 9 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 67% of the listings in the Makiki - Lower Punchbowl - Tantalu are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,940 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 3 floors. Most buildings in this area were built in 1976 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.