On average, listings lease in the $10's per square foot per year. The Midtown region is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 15% decline in rent.
Compared to the rest of the Kansas City market, the Midtown submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 30 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 3% of the available space in the Midtown 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.
The standard measurement for office space in this area is around 1,600 sqft. Most properties in this market are around 2 floors. Most buildings in this area were built in 1965 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Midtown folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.