Comparison of downtown and suburban commercial
office building upper floor rents on Oahu, 1990 & 2000
  1990 2000 % change
Amfac Center $2.02 $1.57
Operating expense $0.64 $0.96
       Total/Gross $2.66 $2.53
Pauahi Tower N/A $1.22
Operating expense N/A $0.88
       Total/Gross $2.85 $2.10
Executive Center N/A N/A
Operating expense N/A N/A
       Total/Gross $2.00 $2.08
Grosvenor Center N/A $1.27
Operating expense N/A $0.91
       Total/Gross $2.28 $2.18
Pioneer Plaza N/A $1.00
Operating expense N/A $0.83
       Total/Gross $2.70 $1.83
Central Pacific Plaza $2.00 $1.30
Operating expense $0.60 $0.87
       Total/Gross $2.60 $2.17
       Downtown average $2.52 $2.15 -14.6%
Hawaii Kai Coporate Plaza $1.87 $1.15
Operating expense $0.60 $0.70
       Total/Gross $2.47 $1.85
Marina Building N/A $1.00
Operating expense N/A $0.85
       Total/Gross $1.35 $1.85
Newtown Square $1.70 $1.30
Operating expense $0.73 $0.95
       Total/Gross $2.43 $2.25
Pearl City Plaza $1.60 $1.07
Operating expense $0.30 $0.77
       Total/Gross $1.90 $1.84
Pearl Ridge Office Center $2.00 $2.35
Operating expense $0.64 $0.86
       Total/Gross $2.64 $3.21
Windward Trade Center $1.00 $0.65
Operating expense $0.49 $0.76
       Total/Gross $1.49 $1.41
       Suburban Average $2.05 $2.07 1.1%
% change 22.9% 3.9%
Data source: Hawaii Business Magazine annual Office Guides,
                    February 1990 and March 2000.