The typical asking rate per listing is in the $20's per square foot per year. The Waldo submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decrease in rent.
Compared to the rest of the Kansas City market, the Waldo region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 18 listings have been posted online, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,090 sqft. Most properties in this area are around 3 stories. Most buildings in this market were built in 1966 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Waldo residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.