The typical asking rate per listing is in the $20's per square foot per year. The The Downtown Loop region is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the Kansas City market, the The Downtown Loop submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 12 listings have been made available, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 7,156 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 29 stories. Most buildings in this area were built in 1922 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Waste services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst The Downtown Loop residents. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.