On average, listings lease in the $20's per square foot per year. The Downtown Kansas City submarket is going through a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Kansas City market, the Downtown Kansas City region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 663 listings have been listed, so you'll want to check back regularly for new listings. About 8% of the office spaces in the Downtown Kansas City are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,100 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 3 floors. Most buildings in this market were built in 1920 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown Kansas City residents. Commuting between 30 and 45 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 Downtown Kansas City.
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