The typical asking rate per listing is in the $20's per square foot per year. The Hospital Hill submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Kansas City market, the Hospital Hill region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 5 listings have been listed, which means leases are probably leasing quickly. 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.
The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this market are close to 2 floors. Most buildings in this region were built in 1910 and are Class B.
Finance and insurance are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Hospital Hill occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.