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Honolulu Office Space for Sale
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Office Space For Sale in Honolulu
Honolulu serves as a crucial gateway to Hawaii and plays a significant role in business, finance, hospitality, and military defense. This creates an excellent opportunity for commercial real estate investment. The city's economy is supported by a mix of demographics and culture, a strong tourism sector, and its position as a key trading center linking the East and West. These factors contribute to making office spaces in Honolulu an appealing investment choice. The city's infrastructure and educational institutions, like the University of Hawaiʻi, ensure a well-trained workforce. Honolulu's location in the Pacific and its favorable climate also make it an attractive location for business investments in office space.
Office spaces in Honolulu benefit from the city's reputation as a leading tourist destination and business center, offering investors a strong position in the Pacific market. These spaces are located near important commercial zones, giving businesses access to a global market. Beyond office spaces, Honolulu provides various real estate investment opportunities. Apartment buildings address the needs of the city's expanding population and offer the potential for long-term rental income. Shopping centers in key areas take advantage of the high number of tourists, ensuring a consistent customer base for retail businesses. Hotels represent another valuable investment, taking advantage of Honolulu's popularity with tourists. For investors interested in a 1031 exchange, Honolulu has suitable properties available. Overall, Honolulu presents a range of real estate investment opportunities, with office spaces being notably attractive due to the city's economic vitality and strategic geographic position.
Learn About Office Space For Sale in Honolulu
How many office space listings are available for sale in Honolulu?
There are currently 29 office space listings available for sale in Honolulu.
What factors should I consider when searching for office space for sale in Honolulu?
When searching for office space for sale in Honolulu, it is essential to consider specific key factors that influence your decision.
- The city's role as a major hub for business and finance in both the state and Oceania highlights the importance of the economic landscape for potential growth opportunities.
- Proximity to key infrastructure like Honolulu International Airport and amenities such as the world's largest open-air shopping center, Ala Moana, can significantly impact accessibility for clients and employees.
- The local market and competition in areas like downtown Honolulu and Kakaʻako, where redevelopment is transforming local commercial spaces, should guide your considerations on location and visibility.
How much does it cost to buy office space in Honolulu?
The cost of purchasing office space in Honolulu varies, reflecting the diverse range of options available. The average price per square foot for office space is $527, with an average size of 13,233 SF.
What is the largest office space available to buy in Honolulu?
The largest office space available to buy in Honolulu spans 120,556 SF.
Why is Honolulu an ideal location for office space for sale?
Honolulu offers a dynamic blend of business, finance, hospitality, and military defense opportunities, making it a strategic location for office spaces
Size Summary For Honolulu Office Space
| Office Space Size | Square Feet |
|---|---|
| Maximum | 120,556 SF |
| Average | 13,233 SF |
| Minimum | 639 SF |
Cap Rate for Honolulu Office Space
| Office Space Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 20.36% |
| Average | 6.04% |
| Minimum | 1.68% |
Prices for Honolulu Office Space
| Office Space Price | Price Per SF |
|---|---|
| Maximum | $2,081 Per SF |
| Average | $527 Per SF |
| Minimum | $52 Per SF |
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