The typical asking rate per listing is in the $20's per square foot per year. The Downtown Kansas City submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 13% rise in rent.
Compared to the rest of the Kansas City market, the Downtown Kansas City region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 39 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 5% of the office spaces in the Downtown Kansas City are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 4,880 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this region were built in 1922 and are Class B.
A large portion of this market 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 occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.