On average, listings lease in the $20's per square foot per year. The Hanover Place region is seeing a an increase in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 43% increase in rent.
Compared to the rest of the Kansas City market, the Hanover Place region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 9 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. About 22% of the listings in the Hanover Place 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.
Even though the median size is 90,330 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this market were built in 1957 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 market. Commute by car is the most popular way to get to work amongst Hanover Place residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.