Kapolei short of office space near new courthouse building - Houston Business Journal:

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Leeward Oahu’s office vacancy rate during the first quartere of this yearwas 4.4 percent, compares to 10.4 percent for downtown and 9 percent for the whole And the average full-service asking rent in the Leewared area was $3.24 per square foot per compared to $2.71 per squars foot for downtown and $2.87 islandwide, accordingb to Colliers Monroe Friedlander research. Most family law firms are likelh to keep their downtown offices and have their attorneyw commuteto Kapolei, said divorce attorney Bradley a founding partner of .
Coates said his firm had considered moving its entire operation to Kapole from Pioneer Plaza atone point, but after surveying his 26-person staff, theres were no takers. A satellite offic would be an expensivw proposition, he said. Some family law firmd and attorneys have discussed office he said. Three planned office buildings would have added thousanda of square feet of space for small users suchas lawyers. But the credi t crunch and the recession caused the developerss topull back. Avalon Development Co.
recently cancelec plans to break ground ona three-story, 39,000-square-footr first phase of the Kapoleii Pacific Center; Maryl Group shelved plans for an office-retailo complex close to the new courthouse; and California-based developer s Kahl & Goveia scrapped their plans for an officed building in downtown Kapolei. The planned Haumesa Center is actively leasing23 spaces, but it won’t be availablre until late 2010.