The typical asking rate per listing is in the $20's per square foot per year. The The Downtown Loop region is seeing a an increase in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 22% increase in rent.
Compared to the rest of the Kansas City market, the The Downtown Loop region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 21 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 10,980 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 12 floors. Most buildings in this market were built in 1935 and are Class B.
This area is fairly equally mixed residential and commercial. Waste services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst The Downtown Loop residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.