On average, listings lease in the $20's per square foot per year. The Hanover Place submarket is going through a a boost in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 43% rise in rent.
Compared to the rest of the Kansas City market, the Hanover Place submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 9 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 22% of the available space in the Hanover Place are subleases, so you might be able to find a shorter term or below market rent. 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 90,330 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this market were built in 1957 and are Class C.
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 Hanover Place residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.