The typical asking rate per listing is in the $20's per square foot per year. The Financial District submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the Kansas City market, the Financial District submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 5 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 7,690 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are close to 30 stories. Most buildings in this area were built in 1921 and are Class B.
Arts, entertainment, and restaurants are the dominant industries in this market. Commute by public transit is the most popular way to get to work amongst Financial District occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.