Southmoreland Retail

Southmoreland

Office Space Market Report

Number of Listings (last 90 days)
17
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
2,490
As of: July 28, 2017

Southmoreland Rates

Most listings are in the $20's per square foot per year. The Southmoreland submarket is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.

Compared to the rest of the Kansas City market, the Southmoreland submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Southmoreland Listing Supply

In the last 90 days, 17 listings have been listed, which means new listings are probably 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.

The standard measurement for office space in this area is around 2,490 sqft. Most buildings in this region are around 5 stories. Most buildings in this market were built in 1983 and are Class B.

Southmoreland Community

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 market. Commute by public transit is the most popular way to get to work amongst Southmoreland residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Southmoreland.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Southmoreland.
Research