The typical asking rate per listing is in the $20's per square foot per year. The Financial District submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Kansas City market, the Financial District region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 23 listings have come on the market, which means new availabilities are probably going fast. 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.
Even though the median size is 6,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 11 stories. Most buildings in this area were built in 1921 and are Class A.
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 folk. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.