On average, listings lease in the $20's per square foot per year. The Financial District region is going through a a rise in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 33% rise in rent.
Compared to the rest of the Kansas City market, the Financial District submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 37 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 19% of the listings in the Financial District 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 available, so finding a space for a small business might be tough.
Even though the median size is 5,730 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 18 stories. Most buildings in this area were built in 1921 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this region. Commute by public transit is the most popular way to get to work amongst Financial District residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.