The typical asking rate per listing is in the $10's per square foot per year. The Southmoreland region is experiencing a decline in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 35% decline in rent.
Compared to the rest of the Kansas City market, the Southmoreland submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 2 listings have been posted online, which means spaces 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this region were built in 1986 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 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.