On average, listings lease in the $10's per square foot per year. The The Downtown Loop region is going through a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 31% decrease in rent.
Compared to the rest of the Kansas City market, the The Downtown Loop submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 15 listings have been made available, 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 available, so finding a space for a small business might be tough.
Even though the median size is 11,670 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 29 stories. Most buildings in this region were built in 1922 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst The Downtown Loop residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.