The typical asking rate per listing is in the $20's per square foot per year. The Financial District region is seeing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Kansas City market, the Financial District submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 37 listings have been listed, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 6,250 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are close to 11 stories. Most buildings in this area were built in 1921 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this market. Commute by public transit is the most popular way to get to work amongst Financial District occupants. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.