On average, listings lease in the $20's per square foot per year. The Crossroads region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 13% decline in rent.
Compared to the rest of the Kansas City market, the Crossroads submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 39 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 6,800 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 4 floors. Most buildings in this region were built in 1920 and are Class B.
This region is fairly equally mixed residential and commercial. Public administration is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Crossroads folk. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.