The typical asking rate per listing is in the $20's per square foot per year. The Midtown submarket is going through a a rise in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 32% rise in rent.
Compared to the rest of the Kansas City market, the Midtown region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 338 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the listings in the Midtown are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,590 sqft. Most properties in this region are close to 2 stories. Most buildings in this market were built in 1961 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Midtown occupants. Commuting under 5 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 Midtown.
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