On average, listings lease in the $30's per square foot per year. The Crossroads submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $11 per sqft per year. That's a 47% rise in rent.
Compared to the rest of the Kansas City market, the Crossroads submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 39 listings have been made available, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 31% of the office spaces in the Crossroads are subleases, so you might be able to snag a great spot on a short term. 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 2,100 sqft. Most properties in this market are approximately 3 stories. Most buildings in this area were built in 1920 and are Class B.
This market is fairly equally mixed residential and commercial. Public administration is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Crossroads occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.