On average, listings lease in the $20's per square foot per year. The Southmoreland region is seeing a an increase in rates. In the last 3 months, the median rate increased $24 per sqft per year.
Compared to the rest of the Kansas City market, the Southmoreland submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 17 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the available leases in the Southmoreland are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,490 sqft. Most properties in this market are approximately 5 stories. Most buildings in this region were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Southmoreland residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.