What is the asking price for 707 Richards?

Please use the contact form to get in touch with a broker and find out more about renting space here.

What is the total size of 707 Richards?

The property has a total square footage of 101,523 SF.

When was this property built?

707 Richards was built in 1988.

How many parking spaces are available at 707 Richards?

Parking information for the property isn't currently listed. However, other nearby parking options include Makai Parking Garage, located 0.19 miles away , and Pro Park, which is 0.19 miles away.

707 Richards St, Honolulu, HI 96813

For Sale Best Offer
Property Type Office - General Office
Property Size 101,523 SF
Lot Size 0.88 Acre
Building Class A
Year Built 1988
Date Updated Jun 10, 2026

Description

Located in the heart of Honolulu’s Central Business District, 707 Richards Street presents a compelling investment opportunity in Oahu’s most established urban corridor. Currently operating as a multi-tenant office property with a diversified tenant roster, the asset offers investors healthy cash flow coupled with meaningful near-term upside as downtown Honolulu’s office market continues to tighten and outpace most comparable mainland markets. Positioned within a tightening office market, and with a history of above market occupancy through 2025, the property stands to benefit from improving market fundamentals and a shrinking competitive inventory resulting from ongoing office-to-residential and mixed-use conversions throughout the urban core. In addition, the property features a best-in-market parking ratio — a significant competitive advantage in Honolulu’s CBD where convenient parking options have become increasingly scarce and highly sought after due to return to office mandates.This impressive property features a substantial 101,523 square foot building in downtown Honolulu. Built in 1988, the property offers a solid foundation for further development or immediate use. Zoned B-2, it presents versatile possibilities to cater to a range of business needs. Boasting a strategic location in the heart of Honolulu, this property is positioned to attract tenants seeking a prime business address. With its substantial size, multiple units, and favorable zoning, this property stands as an enticing investment prospect for those seeking a thriving commercial real estate opportunity.

Highlights

Best-in-Market Parking Advantage: The property offers more than double the average CBD parking ratio which serves as a key
CBD’s appeal as a more dynamic live-work-play district.
competitive advantage.
Favorable Market Fundamentals: Honolulu’s office market continues its positive momentum, with declining vacancy, tightening supply and steady tenant demand.
Long-Term Leasehold Security: A significant remaining ground lease term and available extension offer stability and flexibility for investors.
Macro Office Trends: Leading indicators such as demand trends (from RTO) and institutional capital resurgence into office are placing office buildings top of mind with higher yield upside than most asset classes.
Positioned to Benefit from Downtown Revitalization: Continued redevelopment and public/private investments are enhancing the
Premier CBD Location: Located in the heart of Honolulu’s CBD, 707 Richards Street offers convenient access to government, financial, legal and downtown business amenities.
Shrinking Competitive Inventory: Ongoing office-to-residential and mixed-use conversions are reducing downtown office supply and strengthening the position of remaining office assets.
Stable Multi-Tenant Income Stream with Upside Potential: A diversified tenant roster provides in-place income with opportunities
to increase occupancy, grow rents and reposition suites over time.