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Kansas City Market Reports

Kansas City Office Market 

Average Asking Rent (Price/SF)         
          $20.85
Vacancy Rate (%)               8.3%
Net Absorption (SF)       -244,926

 

The Kansas City office market realized an increase in asking rental rates in the third quarter of 2019, while vacancy remained flat over the past year, measuring 8.3%. Total net absorption in the third quarter measured negative 244,926 square feet, bringing the total for the past four quarters to negative 17,844 square feet. Construction projects currently underway total 285,028 square feet. No projects delivered to the market during the quarter.

 Kansas City Industrial Market 

Average Asking Rent (Price/SF)        
                 $4.72
Vacancy Rate (%)                   5.8%
Net Absorption (SF)           -400,033

The Kansas City industrial market loosened in the third quarter of 2019, as negative 400,033 square feet of net absorption was posted. Average quoted rents decreased from $4.76/SF to $4.72/SF. A total of 251,533 square feet of space was delivered to the market during the quarter, while projects under construction increased from 1.4 million square feet to 2.3 million square feet. Overall vacancy increased 40 basis points, from 5.4% in the prior quarter to 5.8%.



Kansas City Office Market Report
3Q19
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Kansas City Industrial Market Report
3Q19
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Kansas City Retail Report
Summer 2019
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