Most listings are in the $30's per square foot per year. The South Plaza submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $15 per sqft per year. That's a 70% increase in rent.
Compared to the rest of the Kansas City market, the South Plaza region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 2 listings have been made available, which means leases might be going fast. You'll want to be prepared to make an offer immediately. 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 27,660 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 6 floors. Most buildings in this region were built in 1972 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Most of the residents of South Plaza work from home. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.