Most listings are in the $30's per square foot per year. The South Plaza region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Kansas City market, the South Plaza region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 2 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 13,540 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 12 floors. Most buildings in this area were built in 1972 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Most of the residents of South Plaza work from home. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.