The typical asking rate per listing is in the $20's per square foot per year. The Crown Center submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Kansas City market, the Crown Center submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 11 listings have been made available, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 27% of the available space in the Crown Center are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 6,290 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 8 floors. Most buildings in this area were built in 1985 and are Class A.
Utilities is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Crown Center folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.