On average, listings lease in the $20's per square foot per year. The Waldo submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Kansas City market, the Waldo region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 18 listings have been posted online, which means office spaces might be leasing quickly. 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 2,090 sqft. Most buildings in this region are around 3 floors. Most buildings in this market were built in 1966 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Waldo occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.