On average, listings lease in the $30's per square foot per year. The South Plaza submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Kansas City market, the South Plaza region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 2 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 13,540 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 12 floors. Most buildings in this market were built in 1972 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Most of the occupants of South Plaza work from home. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.