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Kansas City Market Reports

Kansas City Office Market 

Average Asking Rent (Price/SF)         
      $19.21
Vacancy Rate (%)         10.5%
Net Absorption (SF)     633,834

The Kansas City office market realized its 15th consecutive quarter of increased asking rental rates in the second quarter of 2017, while vacancy decreased 190 basis points over the past year, from 12.4% to 10.5%. Total net absorption in the first quarter measured 633,834 square feet, as projects under construction decreased to 210,000 square feet.

 Kansas City Industrial Market 

Average Asking Rent (Price/SF)        
            $4.70
Vacancy Rate (%)              6.1%
Net Absorption (SF)     1,221,948

The Kansas City industrial market continued its strong growth into the second quarter of 2017, as 1.2 million square feet of net absorption was posted. The market has experienced over 1.4 million square feet in average quarterly net absorption during the past three years. Average quoted rents decreased from $4.76/SF to $4.70/SF. A total of 1.8 million square feet of space delivered to the market during the quarter, while projects under construction remained significant, with 6.4 million square feet of product planned for delivery. Overall vacancy increased 20 basis points from the prior quarter to 6.1%.



Kansas City Office Market Report
2Q17
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Kansas City Industrial Market Report
2Q17
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Kansas City Retail Report
Summer 2017
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