On average, listings lease in the $20's per square foot per year. The Hospital Hill submarket is going through a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 5% increase in rent.
Compared to the rest of the Kansas City market, the Hospital Hill region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 6 listings have been listed, which means listings might be going fast. You'll want to be prepared to make an offer immediately. 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 3,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this area were built in 1910 and are Class B.
Finance and insurance are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Hospital Hill residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.