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On average, commerial real estate listings lease in the $10's per square foot per year. The Hanover Place submarket is seeing a decline in rates. In the last 3 months, the median rate for lease fell $4 per sqft per year.
Compared to the rest of the Kansas City commercial real estate market, the Hanover Place region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 39 commercial real estate listings have come on the market, which means leases 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 available, 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 area are approximately 1 stories. Most buildings in this market 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 area. Commute by car is the most popular way to get to work amongst Hanover Place residents. Commuting close to 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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