The typical asking rate per listing is in the $20's per square foot per year. The Downtown Kansas City submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 33% rise in rent.
Compared to the rest of the Kansas City market, the Downtown Kansas City region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 151 listings have come on the market, so you'll want to check back regularly for new listings. About 28% of the listings in the Downtown Kansas City 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 new availabilities below 2,000 sqft. Most properties in this market are approximately 3 stories. Most buildings in this market were built in 1920 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Kansas City residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.