The typical asking rate per listing is in the $20's per square foot per year. The Midtown submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 20% decrease in rent.
Compared to the rest of the Kansas City market, the Midtown region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 83 listings have come on the market, so you'll want to check back regularly for new listings. About 33% of the office spaces in the Midtown are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,460 sqft. Most buildings in this area are around 2 stories. Most buildings in this market were built in 1961 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 residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.