On average, listings lease in the $20's per square foot per year. The The Downtown Loop submarket is going through a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the Kansas City market, the The Downtown Loop region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 50 listings have been made available, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 6,770 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 7 stories. Most buildings in this region were built in 1921 and are Class B.
This market is fairly equally mixed residential and commercial. Waste services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst The Downtown Loop folk. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.