On average, listings lease in the $20's per square foot per year. The Hanover Place submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 43% increase in rent.
Compared to the rest of the Kansas City market, the Hanover Place submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 9 listings have been made available, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 11% of the available space in the Hanover Place 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,800 sqft. Most properties in this area are around 2 stories. Most buildings in this region were built in 1960 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Hanover Place folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.