On average, listings lease in the $40's per square foot per year. The Old Westport region is experiencing a a boost in rates. In the last 3 months, the median rate increased $19 per sqft per year. That's a 89% increase in rent.
Compared to the rest of the Kansas City market, the Old Westport submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 20 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 15% of the office spaces in the Old Westport 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.
Even though the median size is 4,800 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this market were built in 1940 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Old Westport occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.