On average, listings lease in the $20's per square foot per year. The The Downtown Loop submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 33% rise in rent.
Compared to the rest of the Kansas City market, the The Downtown Loop region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 67 listings have come on the market, so you'll want to check back regularly for new listings. About 16% of the office spaces in the The Downtown Loop are subleases, so you might be able to snag a great spot on a short term. 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 6,660 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 7 stories. Most buildings in this market were built in 1920 and are Class B.
This market is fairly equally mixed residential and commercial. 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 occupants. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.