Hilo, HI Commercial Real Estate for Lease and Sale

Explore 10 listings of Hilo commercial real estate to find the best space for your business.

House of Light Sanctuary

564 Hoaka Road, Hilo, HI
Property

Unassigned

4,014 SF
Year Built

1996
For Sale

$1,595,000
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Lau Building

184 Kamehameha Avenue, Hilo, HI
Property

Retail

10,696 SF
Availability

2 Spaces

2,791 SF
Year Built

1925
For Lease

$1.75 - $2.25/SF/MO
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Hilo Medical Centre

Hilo Medical Centre, Hilo, HI
Property

Industrial

1,518 SF
Year Built

1971
For Sale

$525,000
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Hilo Warehouse

215-C Railroad Avenue, Hilo, HI
Property

Industrial

21,000 SF
Availability

1 Space

6,000 SF
Year Built

1975
For Lease

$1.50/SF/MO
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333 Iliahi Street

333 Iliahi Street, Hilo, HI
Property

Hotel / Motel

16,742 SF
Year Built

1968
For Sale

$3,200,000
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Waiakea Square Warehouse

200 Kanoelehua Avenue, Hilo, HI
Property

Retail

24,646 SF
Availability

3 Spaces

6,775 SF
Year Built

1977
For Lease

$1.75/SF/MO
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605 Laukapu St (Finance Factors Building)

605 Laukapu Street, Hilo, HI
Property

Retail
Availability

1 Space

660 SF
Year Built

2017
For Lease Contact for pricing
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250 Kinoole Street

250 Kinoole Street, Hilo, HI
Property

Retail
Availability

1 Space

4,730 SF
Year Built

1971
For Lease Contact for pricing
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1280 Kamehameha Ave

1280 Kamehameha Ave, Hilo, HI
Property

Industrial

30,000 SF
Availability

1 Space

30,000 SF
Year Built

1960
For Lease

$1.00/SF/MO
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161 Kinoole Street - For Lease

161 Kinoole St, Hilo, HI
Property

Other
Availability

1 Space

4,533 SF
For Lease Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.
- Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute.
  
  Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
- Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Hilo commercial real estate market includes 35,342 square feet of retail space in a variety of settings.
- Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Hilo market, there is a total of 51,000 square feet of industrial property.
The listing inventory in Hilo incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Hilo is represented by Industrial space, which accounts for 36,000 square feet of available listings. Retail space available in Hilo adds up to 14,956 square feet.

Meanwhile, most of the listings of commercial property for sale in Hilo are in the Industrial category.
The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.
Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Hilo, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.
Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!
The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $21 per square foot.
The average size of a commercial property in Hilo depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:
- Retail properties here incorporate an average of 17,671 square feet.
- Industrial space in Hilo is in buildings that are, on average 25,500 square feet in size.

Hilo, HI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Hilo currently add up to 55,489 square feet. Local retail availability includes 14,956 square feet across 4 retail space(s). Industrial space for rent opportunities in Hilo amount to 36,000 square feet across a total of 2 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Retail	4	14,956
Industrial	2	36,000
Other	1	4,533

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Hilo, HI. Currently, there is 5,532 square feet of commercial property for sale here , which includes 1 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Industrial	1	1,518
Other	0	4,014

About us

CommercialCafe is your go-to commercial real estate listing source. We partner with highly respected major brokerages from across the country to ensure high-quality listings that are updated frequently. Our online marketplace lists all commercial property types from office, coworking, retail, and industrial to special purpose properties.

CommercialCafe is a trusted Yardi brand and is an integral part of the CommercialEdge network — the fastest-growing network of online real estate marketplaces, which ranks on the 1st page of Google for all top markets, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts.

Hilo, HI Commercial Real Estate for Lease and Sale

House of Light Sanctuary

Lau Building

Hilo Medical Centre

Hilo Warehouse

333 Iliahi Street

Waiakea Square Warehouse

605 Laukapu St (Finance Factors Building)

250 Kinoole Street

1280 Kamehameha Ave

161 Kinoole Street - For Lease

Frequently Asked Questions

Hilo, HI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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