Most listings are in the $20's per square foot per year. The The Downtown Loop region is going through a an increase in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 33% rise in rent.
Compared to the rest of the Kansas City market, the The Downtown Loop submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 67 listings have come on the market, so you'll want to check back regularly for new listings. About 15% of the office spaces in the The Downtown Loop are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 6,660 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 7 floors. Most buildings in this area were built in 1920 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 close to 10 minutes a day is the norm for those who opt to reside in this part of town.