On average, listings lease in the $30's per square foot per year. The Crossroads region is seeing a an increase in rates. In the last 3 months, the median rate went up $11 per sqft per year. That's a 47% rise in rent.
Compared to the rest of the Kansas City market, the Crossroads region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 39 listings have come on the market, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 28% of the available space in the Crossroads are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,100 sqft. Most properties in this market are close to 3 floors. Most buildings in this region were built in 1920 and are Class B.
This region is fairly equally mixed residential and commercial. Public administration is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Crossroads occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.