Commercial Real Estate Market in Waipahu, HI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
40 active listings and 931 off-market properties in Waipahu, HI. Commercial property asks $178/SF to buy and $12.00/SF/Yr to lease.
Market Trends
Waipahu, HI spans 19.3 square miles in Honolulu County, Hawaii. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Waipahu, HI runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Waipahu, HI runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Waipahu, 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 Waipahu, 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
Market overview
Demographics & Economy
Waipahu, HI has 78,109 residents in 21,327 households. Density runs 4,055 people per square mile. Median household income here is $110,036 and median gross rent $1,981 a month.
78,109
Population
21,327
Households
3.7
Avg Household Size
41
Median Age
25%
College-Educated
90%
High-School Grad
19.3 sq mi
ZIP Area
4,055
Density / Sq Mi
$110,036
Median Household Income
$44,685
Median Earnings
$1,981
Median Rent
$798,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Pearl City | — | — |
| Aiea | — | — |
Commercial property in Waipahu, HI asks $178/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Waipahu?
Commercial property in Waipahu, HI asks an average of $178 per square foot. Multifamily carries the highest asking price at $543/SF.
How much does it cost to lease commercial space in Waipahu?
Asking lease rates in Waipahu, HI average $12.00 per square foot per year.
Where does Realmo's Waipahu market data come from?
Realmo compiles Waipahu, HI figures from 35 active sale listings, 5 active lease listings, 931 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 35 active for-sale and 5 active for-lease listings in Waipahu, 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.
- 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
