Lenexa Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $21.39 2023 Avg. Asking Rent
  • 16.43% 2023 Office Vacancy Rate

Lenexa office price per square foot in 2023 was $21.39 on average. The local office market recorded an average vacancy rate of 16.43% 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

Lenexa, KS Office Asking Rents by Class

2023 Office Vacancy Rates in Lenexa

Submarket Asking Rents Vacancy Rates
Olathe $24.53 31.40%
Lenexa - Shawnee $22.26 13.63%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Lenexa market was 16.43% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Lenexa was 13.63% in the Lenexa - Shawnee submarket, while the highest office vacancy in the market was 31.40%, recorded in Olathe.

Office Spaces for Rent in Kansas

Coworking Spaces in Kansas

2023 Office Construction in Lenexa, KS

Largest Office Properties Recently Completed in Lenexa
Office building Address SF Completed
Penn I, II & III 8711 Penrose Lane, 66219 67,742 2019
Shawnee Mission Outpatient Pavilion A 23351 Prairie Star Parkway, 66227 75,146 2013
15403-15447 West 100th Terrace 15403 West 100th Terrace, 66219 56,074 2012
Renner Corporate Centre I 9401 Renner Blvd, 66219 150,958 2008
Shawnee Mission Health Prairie Star 23401 Prairie Star Pkwy, 66227 150,000 2008
College Crossing Business Park - Building E & F 11001 Strang Line Road, 66215 85,116 2007
College Crossing Business Park - Buildings G & H 11070 Strang Line Road, 66215 78,265 2007
Lenexa City Center East 8801 Renner Blvd, 66219 71,000 2007
9701 Renner Blvd 9701 Renner Blvd, 66219 129,321 2002
9701 Renner Blvd 9701 Renner Blvd, 66219 129,321 2002

Worth noting among recent office completions on the Lenexa market is Penn I, II & III, which is currently the largest new office development in the city, at 67,742 square feet.

Data provided by Commercial Edge

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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 Lenexa 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.