River Market Sublease

River Market

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
25,000
As of: July 24, 2017

River Market Rates

Most listings are in the $20's per square foot per year. The River Market region is experiencing a an increase in rates. In the last 3 months, the median rate rose $6 per sqft per year. That's a 29% increase in rent.

Compared to the rest of the Kansas City market, the River Market submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.

River Market Listing Supply

In the last 90 days, 10 listings have been made available, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 20% of the available leases in the River Market 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 available, so finding a space for a small business might be tough.

Even though the median size is 25,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this area were built in 1916 and are Class B.

River Market Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst River Market folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in River Market.
Market Report

Market Data

Real time and historical data on commercial real estate listings in River Market.
Research