On average, listings lease in the $20's per square foot per year. The Hospital Hill region is experiencing a a boost in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 18% rise in rent.
Compared to the rest of the Kansas City market, the Hospital Hill region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 5 listings have been made available, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. 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 2,800 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this market were built in 1928 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Hospital Hill occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.