The typical asking rate per listing is in the $10's per square foot per year. The Hanover Place region is going through a decline in rates. In the last 3 months, the median rate fell $95 per sqft per year. That's a 86% decrease in rent.
Compared to the rest of the Kansas City market, the Hanover Place region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 8 listings have been listed, which means spaces 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this region were built in 1968 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 region. Commute by car is the most popular way to get to work amongst Hanover Place residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.