Southmoreland Retail

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Southmoreland

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
5,120
As of: December 5, 2016

Southmoreland Rates

Most listings are in the $20's per square foot per year. The Southmoreland submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $10 per sqft per year. That's a 63% increase in rent.

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

Southmoreland Listing Supply

In the last 90 days, 14 listings have been listed, which means listings most likley are leasing quickly. 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 4,860 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region were built in 1986 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 area. Commute by public transit is the most popular way to get to work amongst Southmoreland occupants. 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