On average, listings lease in the $110's per square foot per year. The Hanover Place submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $92 per sqft per year. That's a 500% rise in rent.
Compared to the rest of the Kansas City market, the Hanover Place submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 3 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 7,759 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 1 stories. Most buildings in this market were built in 1950 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Hanover Place folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.