2023 Office Space Rent & Sales
- $25.63 2023 Avg. Asking Rent
- 13.95% 2023 Office Vacancy Rate
Leawood office price per square foot in 2023 was $25.63 on average. The local office market recorded an average vacancy rate of 13.95% 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
Leawood, KS Office Asking Rents by Class
2023 Office Vacancy Rates in Leawood
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| College Boulevard | $24.76 | 17.49% |
| Overland Park | $23.75 | 17.49% |
Office Spaces for Rent in Kansas
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2023 Office Construction in Leawood, KS
- Leawood, KS Total SF completed in 2023 153,924
During 2023, 153,924 square feet of new office space were delivered across the market. At the close of 2023, the Leawood office inventory included 2 buildings equal to or larger than 25,000 square feet, which comprised 153,924 square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Pinnacle Corporate Centre V | 4001 West 114th Street, 66211 | 66,520 | 2015 |
| Park Place - Francis Building | 5250 West 116th Place, 66211 | 60,489 | 2011 |
| Pinnacle Corporate Centre III | 11460 Tomahawk Creek Pkwy, 66211 | 105,603 | 2008 |
| Pinnacle Corporate Centre IV | 4200 W 115th St, 66211 | 59,496 | 2008 |
| 4300 West 133rd Street | 4300 West 133rd Street, 66209 | 26,570 | 2008 |
| Park Place - Aubrey & Becker Buildings | 11551 Ash Street, 66211 | 142,539 | 2007 |
| Pinnacle Corporate Centre IV | 4200 West 115th Street, 66211 | 61,952 | 2007 |
| Pinnacle Corporate Centre I | 11300 Tomahawk Creek Pkwy, 66211 | 75,393 | 2000 |
| Stratco Bldg on Tomahawk | 11350 Tomahawk Creek Pkwy, 66211 | 24,500 | 1999 |
| 11400 Tomahawk Creek Pkwy | 11400 Tomahawk Creek Pkwy, 66211 | 179,000 | 1998 |
Worth noting among recent office completions on the Leawood market is Pinnacle Corporate Centre V, which is currently the largest new office development in the city, at 66,520 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 Leawood 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.