The typical asking rate per listing is in the $20's per square foot per year. The Financial District region is experiencing 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 Financial District 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, 5 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 7,690 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 30 stories. Most buildings in this market were built in 1921 and are Class B.
Arts, entertainment, and restaurants are the dominant industries in this region. Commute by public transit is the most popular way to get to work amongst Financial District occupants. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.