On average, listings lease in the $20's per square foot per year. The Downtown Kansas City region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Kansas City market, the Downtown Kansas City submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 151 listings have been posted online, so you'll want to check back regularly for new listings. About 3% of the available leases in the Downtown Kansas City are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 5,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this market were built in 1920 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown Kansas City occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.