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EXPLORE 2 Kansas MARKETSToggle markets

Kansas City
Wichita

Kansas City

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VACANCY

Apartment

The average Vacancy Rate was 5.3% in the Kansas City metro

Vacancy in the Kansas City metro drifted downward by 20 basis points.
Vacancy is expected to finish 2023 at 5.7% in the Kansas City metro.

Distribution / Warehousing

The average Vacancy Rate was 3.0% in the Kansas City metro

The Kansas City metro had the second lowest vacancy in the nation, behind only Lexington.
Vacancy in the Kansas City metro fell by 70 basis points.
The Kansas City metro had the lowest vacancy level since Q3 2009.

Flex / R&D

The average Vacancy Rate was 7.1% in the Kansas City metro

Vacancy in the Kansas City metro rose by 230 basis points.
Vacancy is expected to finish 2023 at 6.8% in the Kansas City metro.

Office

The average Vacancy Rate was 15.1% in the Kansas City metro

The Kansas City metro had the sixth lowest vacancy in the nation and the fourth lowest in the Midwest.
Vacancy in the Kansas City metro declined by 190 basis points.
The Kansas City metro had the lowest vacancy level since Q3 2001.

Retail

The average Vacancy Rate was 11.1% in the Kansas City metro

Vacancy in the Kansas City metro drifted downward by 20 basis points.
The Kansas City metro was among the 20 lowest vacancies nationally.
Vacancy is expected to finish 2023 at 11.2% in the Kansas City metro.

RENT

Apartment

The average Asking Rent was $1,167 in the Kansas City metro

Rent in the Kansas City metro was down 0.8% from Q1 2023.
Rent is expected to finish 2023 at $1,185 in the Kansas City metro.

Distribution / Warehousing

The average Asking Rent was $4.51 in the Kansas City metro

Rent in the Kansas City metro was up 2.0% from Q1 2023.
Rent Has risen for nine consecutive quarters in the Kansas City metro.
Rent is expected to finish 2023 at $4.65 in the Kansas City metro.

Flex / R&D

The average Asking Rent was $8.28 in the Kansas City metro

The Kansas City metro had the fastest rent growth in the nation.
Rent has risen in every quarter for the past three years in the Kansas City metro.
Rent is expected to finish 2023 at $8.55 in the Kansas City metro.

Office

The average Asking Rent was $23.17 in the Kansas City metro

Rent in the Kansas City metro was up 0.5% from Q1 2023.
Rent is expected to finish 2023 at $23.33 in the Kansas City metro.

Retail

The average Asking Rent was $14.83 in the Kansas City metro

Rent in the Kansas City metro was down 0.5% from Q1 2023.
Rent is expected to finish 2023 at $14.91 in the Kansas City metro.

Learn more about the Kansas markets from one of our professionals

Learn more about the Kansas markets from one of our professionals.

Wichita

Learn more about the Kansas markets from one of our professionals

VACANCY

Apartment

The average Vacancy Rate was 2.4% in the Wichita metro

The Wichita metro had the lowest vacancy in the nation.
Vacancy in the Wichita metro fell by 100 basis points.
The Wichita metro had the lowest vacancy level since Q3 1999.

Distribution / Warehousing

The average Vacancy Rate was 6.8% in the Wichita metro

Vacancy in the Wichita metro drifted downward by 10 basis points.
The Wichita metro had the lowest vacancy level since Q1 2017.
Vacancy is expected to finish 2023 at 6.7% in the Wichita metro.

Office

The average Vacancy Rate was 16.6% in the Wichita metro

The Wichita metro had the eighth lowest vacancy in the nation and the ninth lowest in the Midwest.
No vacancy change since Q1 2023 in the Wichita metro.
The Wichita metro had the lowest vacancy level since Q1 2013.

Retail

The average Vacancy Rate was 14.5% in the Wichita metro

No vacancy change since Q1 2023 in the Wichita metro.
The Wichita metro had the lowest vacancy level since Q3 2020.
Vacancy is expected to finish 2023 at 14.3% in the Wichita metro.

RENT

Apartment

The average Asking Rent was $786 in the Wichita metro

Rent in the Wichita metro was up 1.6% from Q1 2023.
Wichita metro had its fastest rent rate of increase in five quarters.
Rent is expected to finish 2023 at $801 in the Wichita metro.

Distribution / Warehousing

The average Asking Rent was $7.28 in the Wichita metro

Rent in the Wichita metro was up 2.2% from Q1 2023.
Wichita metro had its fastest rent rate of increase in seven quarters.
Rent is expected to finish 2023 at $7.56 in the Wichita metro.

Office

The average Asking Rent was $15.61 in the Wichita metro

Rent in the Wichita metro was up 0.3% from Q1 2023.
Rent is expected to finish 2023 at $15.70 in the Wichita metro.

Retail

The average Asking Rent was $12.63 in the Wichita metro

Rent in the Wichita metro was up 0.1% from Q1 2023.
Rent is expected to finish 2023 at $12.67 in the Wichita metro.

Learn more about the Kansas markets from one of our professionals

Learn more about the Kansas markets from one of our professionals.