The typical asking rate per listing is in the $10's per square foot per year. The Hanover Place submarket is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 14% decrease in rent.
Compared to the rest of the Kansas City market, the Hanover Place region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 1 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 30,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 1 floors. Most buildings in this area were built in 1950 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Hanover Place residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.