The typical asking rate per listing is in the $20's per square foot per year. The Downtown Kansas City region is going through a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 18% decrease in rent.
Compared to the rest of the Kansas City market, the Downtown Kansas City region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 129 listings have been posted online, so you'll want to check back regularly for new listings. 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 5,500 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 3 floors. Most buildings in this market were built in 1920 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Kansas City folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.