Most listings are in the $30's per square foot per year. The Crossroads submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Kansas City market, the Crossroads submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 39 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 23% of the available space in the Crossroads are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,380 sqft. Most properties in this area are around 3 stories. Most buildings in this area were built in 1920 and are Class B.
This region is fairly equally mixed residential and commercial. Public administration is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Crossroads residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.