On average, listings lease in the $10's per square foot per year. The Downtown Kansas City submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 22% decline in rent.
Compared to the rest of the Kansas City market, the Downtown Kansas City submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 25 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 4% of the office spaces in the Downtown Kansas City are subleases, so you will probably have to consider a longer term lease. 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 7,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this market were built in 1922 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Kansas City residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.