The typical asking rate per listing is in the $20's per square foot per year. The Hospital Hill submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Kansas City market, the Hospital Hill submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 6 listings have been posted online, which means office spaces most likley are 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 2,800 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this area were built in 1910 and are Class B.
Finance and insurance are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Hospital Hill residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.