Office Properties in Honolulu for sale offer a unique investment opportunity in a city that serves as a major hub for business, finance, hospitality, and military defense in the region. As a diverse and culturally rich city, Honolulu attracts a wide range of industries and companies, making it an attractive location for office properties. Office Properties can represent a variety of investments, from Class A high-rise buildings to smaller, more specialized spaces. They can be leased to a single tenant or multiple tenants, providing a steady stream of income for investors. Honolulu's favorable tropical climate, rich natural scenery, and extensive beaches make it a popular global tourist destination, which in turn drives demand for office space. The city's infrastructure, including Daniel K. Inouye International Airport, Interstate H-1, H-2, H-3, Pali Highway, Likelike Highway, Kalanianaole Highway, Kamehameha Highway, and Farrington Highway, provides easy access to the city and surrounding areas. Additionally, Honolulu is home to several colleges and universities, including the University of Hawai?i at Manoa, Chaminade University, and Hawaii Pacific University, which contribute to the city's educated workforce. With its unique blend of natural beauty, cultural richness, and economic diversity, Honolulu is an attractive location for businesses and investors alike.
With 25 Office Properties for sale in Honolulu, investors have a range of options to choose from. The average price per square foot is $388 USD, and the average size is 11,787 square feet, with some properties offering as much as 87,334 square feet of space. The average cap rate is 2.66%. In addition to Office Properties, Honolulu also offers a range of other commercial properties, including Commercial Real Estate, which can provide a steady stream of income through rental agreements. Apartment Buildings are another option, offering a unique investment opportunity in a city with a high demand for housing. Shopping Centers, with their mix of retail and dining options, can provide a diverse stream of income. Hotels, which cater to the city's many tourists, can offer a unique investment opportunity in a city with a strong hospitality industry. With its diverse range of commercial properties, Honolulu offers something for every type of investor.
What is the average price per square foot for office properties in Honolulu?
The average price per square foot for office properties in Honolulu is $388 USD per square foot, with 25 available listings ranging in size from 11,787 square feet to 87,334 square feet, offering a diverse range of options for investors and businesses.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Honolulu, it's essential to understand the different classifications, which can impact factors like rental income, maintenance costs, and resale value.
- Class A office properties are typically high-rise buildings with premium finishes, advanced technology, and prime locations, often attracting high-end tenants and commanding higher rental rates.
- Class B office properties offer functional space with standard finishes and amenities, suitable for a wide range of tenants, and are generally more affordable than Class A properties.
- Class C office properties are often older buildings with fewer amenities, requiring renovation or updating, and typically attract smaller businesses or startups at lower rental rates.
With 25 office properties for sale in Honolulu, understanding these classifications can help you make an informed decision that meets your investment goals and budget. Average prices for office properties in Honolulu are around $388 USD per square foot, with an average size of 11,787 square feet, and a cap rate of 2.66%.
