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The typical asking rate per commerial real estate listing leases is in the $10's per square foot per year. The Hanover Place region is going through a decrease in rates. In the last 3 months, the median rate for lease decreased $4 per sqft per year.
Compared to the rest of the Kansas City commercial real estate market, the Hanover Place submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 39 commercial real estate listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around 5,230 sqft. Most buildings in this region are around 1 floors. Most buildings in this area were built around 1950 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Hanover Place folk. Commuting around an hour 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 Hanover Place.
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