On average, listings lease in the $20's per square foot per year. The The Downtown Loop region is experiencing a an increase in rates. In the last 3 months, the median rate increased $29 per sqft per year.
Compared to the rest of the Kansas City market, the The Downtown Loop submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 67 listings have been posted online, so you'll want to check back regularly for new listings. About 21% of the office spaces in the The Downtown Loop 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,730 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 7 stories. Most buildings in this market were built in 1920 and are Class B.
This region is fairly equally mixed residential and commercial. Waste services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst The Downtown Loop occupants. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.