On average, listings lease in the $20's per square foot per year. The Ward Parkway Plaza region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Kansas City market, the Ward Parkway Plaza submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 34 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 3% of the available space in the Ward Parkway Plaza are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,360 sqft. Most properties in this market are approximately 4 floors. Most buildings in this region were built in 1973 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Public administration is the dominant industry in this market. Most of the folk of Ward Parkway Plaza work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Ward Parkway Plaza.
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