The typical asking rate per listing is in the $20's per square foot per year. The Hospital Hill submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Kansas City market, the Hospital Hill submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 6 listings have come on the market, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this region were built in 1910 and are Class B.
Finance and insurance are the dominant industries in this area. 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.