2023 Office Space Rent & Sales
- $24.08 2023 Avg. Asking Rent
- 7.13% 2023 Office Vacancy Rate
Kansas City office price per square foot in 2023 was $24.08 on average. The local office market recorded an average vacancy rate of 7.13% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Kansas Class A & A+ Office Space$25.97
- Kansas Class B Office Space$20.90
- Kansas Class C Office Space$22.14
Kansas City, KS Office Asking Rents by Class
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2023 Office Construction in Kansas City, KS
Office building | Address | SF | Completed |
---|---|---|---|
East Legends Professional Building | 1601 N 98th St, 66111 | 40,016 | 2018 |
Heart of America Surgery Center | 8935 State Ave, 66112 | 13,967 | 1999 |
Cambridge Business Park - Adams Place & Ten Cambridge Place | 10 Cambridge Circle Drive, 66103 | 88,471 | 1988 |
Gateway Tower II | 400 State Avenue, 66101 | 170,817 | 1972 |
1911 W 45th Ave | 1911 W 45th Ave, 66103 | 4,739 | 1945 |
726-736 Armstrong Avenue | 736 Armstrong Avenue, 66101 | 39,180 | 1940 |
Worth noting among recent office completions on the Kansas City market is East Legends Professional Building, which is currently the largest new office development in the city, at 40,016 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Kansas City commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.