2024 Office Space Rent & Sales
- $27.12 2024 Avg. Asking Rent
- 9.81% 2024 Office Vacancy Rate
Honolulu office price per square foot in 2024 was $27.12 on average. The local office market recorded an average vacancy rate of 9.81% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Hawaii Class A & A+ Office Space$35.88
- Hawaii Class B Office Space$27.02
- Hawaii Class C Office Space$37.47
Honolulu, HI Office Asking Rents by Class
2024 Office Vacancy Rates in Honolulu
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Waikiki | $42.00 | 4.89% |
| Urban Honolulu - South | $40.50 | 49.03% |
| Urban Honolulu - Northwest | $38.38 | 10.11% |
| Urban Honolulu - CBD | $22.25 | 9.79% |
Office Spaces for Rent in Hawaii
Coworking Spaces in Hawaii
- Los Angeles Coworking Space
- Denver Coworking Space
- San Diego Coworking Space
- San Francisco Coworking Space
- Seattle Coworking Space
- Las Vegas Coworking Space
- Phoenix Coworking Space
- Irvine Coworking Space
- Salt Lake City Coworking Space
- Sacramento Coworking Space
- Portland Coworking Space
- Scottsdale Coworking Space
- Bellevue Coworking Space
- Oakland Coworking Space
- Colorado Springs Coworking Space
- San Jose Coworking Space
- Boulder Coworking Space
- Long Beach Coworking Space
- Pasadena Coworking Space
- Tacoma Coworking Space
- Tucson Coworking Space
2024 Office Construction in Honolulu, HI
| Office building | Address | SF | Completed |
|---|---|---|---|
| 2226 Liliha Street | 2226 Liliha Street, 96817 | 101,976 | 1997 |
| Harbor Court | 55 Merchant Street, 96813 | 214,934 | 1994 |
| 801 Dillingham Blvd | 801 Dillingham Blvd, 96817 | 52,043 | 1993 |
| For Sale Fee Simple - Landmark Office Building in the Kapiolani Corridor (1601 Kapiolani Blvd) | 1601 Kapiolani Blvd, 96814 | 74,792 | 1991 |
| City Financial Tower | 201 Merchant Street, 96813 | 180,034 | 1989 |
| Pacific Park Plaza | 711 Kapiolani Blvd, 96813 | 254,639 | 1988 |
| Bishop Square - Pauahi Tower | 1003 Bishop Street, 96813 | 460,124 | 1983 |
| 931 Hausten Street | 931 Hausten St, 96826 | 5,039 | 1981 |
| Kaumakapili Community Services | 766 N King St Honolulu, 96817 | 3,928 | 1980 |
| Kapiolani Business Plaza | 1580 Makaloa St, 96814 | 87,485 | 1979 |
Worth noting among recent office completions on the Honolulu market is 2226 Liliha Street, which is currently the largest new office development in the city, at 101,976 square feet.
See reports for other markets
- Charlotte Office Rent Price
- Atlanta Office Rent Price
- Miami Office Rent Price
- Manhattan Office Rent Price
- Chicago Office Rent Price
- Washington Office Rent Price
- Los Angeles Office Rent Price
- San Diego Office Rent Price
- Denver Office Rent Price
- Seattle Office Rent Price
- Phoenix Office Rent Price
- Austin Office Rent Price
- Houston Office Rent Price
- Dallas Office Rent Price
- San Antonio Office Rent Price
- San Francisco Office Rent Price
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Honolulu commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.