Commercial Real Estate Market in Honolulu, HI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
303 active listings and 11,805 off-market properties in Honolulu, HI. Commercial property asks $611/SF to buy and $60.15/SF/Yr to lease.
Market Trends
Honolulu, HI spans 90.2 square miles in Honolulu County, Hawaii. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Honolulu, HI runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Honolulu, HI runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Honolulu, HI runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily space in Honolulu, HI asks $543/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 28.6%
- Civic 6.6%
- Industrial 6.2%
- Mixed use 2.9%
- Commercial 1%
- Agricultural 0.4%
- Open space 0%
Largest Zones share of zoned land by district
Restricted Preservation District
Residential District
Federal And Military Preservation District
Residential District
General Preservation District
Residential District (R-5)
ZONING DISTRICTS USES (Note: Certain uses are defined in Article 10.) 57 Revised February 6, 2023 P-2 AG-1 AG-2 Country R-20, R-10 R-7.5, R-5, R-3.5 A-1 A-2 A-3 AMX-1 AMX-2 AMX-3 Resort B-1 B-2 BMX-3 BMX-4 I-1 I-2 I-3 IMX-1 Joint use of parking and loading facilities P/c P/c P/c P/c P/c P/c P/c P/c P/c
Market overview
Demographics & Economy
Honolulu, HI has 418,316 residents in 181,936 households. Density runs 4,638 people per square mile. Median household income here is $98,476 and median gross rent $2,089 a month.
418,316
Population
181,936
Households
2.3
Avg Household Size
43
Median Age
43%
College-Educated
92%
High-School Grad
90.2 sq mi
ZIP Area
4,638
Density / Sq Mi
$98,476
Median Household Income
$50,821
Median Earnings
$2,089
Median Rent
$889,976
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Aiea | — | — |
| Pearl City | — | — |
Commercial property in Honolulu, HI asks $611/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Honolulu?
Commercial property in Honolulu, HI asks an average of $611 per square foot. Multifamily carries the highest asking price at $543/SF.
How much does it cost to lease commercial space in Honolulu?
Asking lease rates in Honolulu, HI average $60.15 per square foot per year.
Where does Realmo's Honolulu market data come from?
Realmo compiles Honolulu, HI figures from 234 active sale listings, 69 active lease listings, 11,805 tracked off-market properties, the current Honolulu zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 234 active for-sale and 69 active for-lease listings in Honolulu, HI. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 56,418 zoned acres across 32 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
