Retail lease rate per square foot downtown?

[KCPowercat]

Does anybody have a ballpark of square foot leasing rate of a restaurant space downtown?  Inside and outside of the P&L would be even more helpful.

Thansk.

[shaffe]

woah woah woah.

KCP, you're supposed to be the guy with the answers here.  what the hell are you doing asking a question?  you think that just because you don't run the place anymore you can slum with the commoners?

edit:  as for the original question, i've no clue.  however, the answer might be rather interesting.

[KCPowercat]

I've got an outside restaurant owner wanting answers!!!

I left all my knowledge back on that other domain.

[DaveKCMO]

http://www.bizjournals.com/bizspace/kan ... ease=lease

maybe this will help? it's all of KC, but there are downtown spaces listed. dude... google!

[KCPowercat]

yeah after I posted this I found that.  Thanks.

[loftguy]

KCP, downtown retail rental rates are currently from $10 to 19 psf annually, plus in many cases the common area maintenance costs (janitor, utilities, taxes, insurance, repairs), and in some a percentage of sales is additionally shared with the property owner.  Retail rates are starting a shift upward as retail space is disappearing and more retailers are showing up looking for this disappearing commodity.

I don't have direct experience, but I have been told that Cordish is currently quoting $32 to 39 psf for restaurant space, plus cam charges that will be whatever, but likely at least $10.  It's a brave new world.

[KC0KEK]

Would it make sense to open a restaurant just outside the P+L? Then you'd be paying a lower rent but probably still getting a lot of the traffic. Or are owners of adjacent properties increasing their rents?

[KCPowercat]

Cupini's has to be the genius considering that...one block off the district proper and got very cheap rents. 

Think to get cheap rents, you had to take a chance a couple years ago.....I'm sure owners will be jacking up rents anyways.