2024 Office Space Rent & Sales
- $21.82 2024 Avg. Asking Rent
- -0.27% Y-o-Y Avg. Asking Rent Change
- 45.07% 2024 Office Vacancy Rate
Olathe office price per square foot in 2024 was $21.82 on average. This marked a -0.27% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 45.07% 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
2024 Average Office Rent per Square Foot
- Kansas Class A & A+ Office Space$28.13
- Kansas Class B Office Space$22.42
- Kansas Class C Office Space$16.13
Olathe, KS Office Asking Rents by Class
2024 Office Vacancy Rates in Olathe
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Overland Park | $29.06 | 21.63% |
Olathe | $19.53 | 32.67% |
Outlying Platte County | $14.00 | 77.98% |
Coworking Spaces in Kansas
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2024 Office Construction in Olathe, KS
Office building | Address | SF | Completed |
---|---|---|---|
10789 S Ridgeview Rd | 10789 S Ridgeview Rd, 66061 | 125,472 | 2011 |
119th Street Tech Park - Building 4 | 16850 West 119th Street, 66061 | 94,514 | 2008 |
Corporate Ridge I | 18103 West 106th Street, 66061 | 88,050 | 2008 |
Corporate Ridge III | 10551 South Ridgeview Road, 66061 | 102,035 | 2007 |
Corporate Ridge - 17775 W 106th | 17775 W 106th St, 66061 | 33,614 | 2007 |
Corporate Ridge - AOScloud Data Center | 17795 W 106th St, 66061 | 32,068 | 2006 |
Santa Fe Commons | 13621 S Mur-Len Road, 66062 | 9,656 | 2006 |
Santa Fe Commons | 13621 S Mur-Len Road, 66062 | 9,656 | 2006 |
119th Street Tech Park - Building 3 | 17000 West 119th Street, 66061 | 145,836 | 2005 |
Olathe Medical and Dental Center | 407 S Clairborne Road, 66062 | 24,612 | 1976 |
Worth noting among recent office completions on the Olathe market is 10789 S Ridgeview Rd, which is currently the largest new office development in the city, at 125,472 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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Olathe 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.