River Market Office Space

River Market

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
4,980
As of: June 23, 2017

River Market Rates

Most listings are in the $20's per square foot per year. The River Market submarket is going through a a rise in rates. In the last 3 months, the median rate increased $26 per sqft per year.

Compared to the rest of the Kansas City market, the River Market region has higher rates, and you'll need to pay a premium to be in this hot region.

River Market Listing Supply

In the last 90 days, 10 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 30% of the available leases in the River Market 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 posted, so finding a space for a small business might be tough.

Even though the median size is 4,980 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this region were built in 1916 and are Class B.

River Market Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst River Market occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in River Market.
Market Report

Market Data

Real time and historical data on commercial real estate listings in River Market.
Research