Olathe Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $23.45 2023 Avg. Asking Rent
  • -2.41% Y-o-Y Avg. Asking Rent Change
  • 50.75% 2023 Office Vacancy Rate

Olathe office price per square foot in 2023 was $23.45 on average. This marked a -2.41% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 50.75% 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

Olathe, KS Office Asking Rents by Class

2023 Office Vacancy Rates in Olathe

Submarket Asking Rents Vacancy Rates
Olathe $24.53 31.40%
Overland Park $23.75 17.49%
Outlying Platte County $16.03 86.75%
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 Olathe market was 50.75% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Olathe was 17.49% in the Overland Park submarket, while the highest office vacancy in the market was 86.75%, recorded in Outlying Platte County.

Office Spaces for Rent in Kansas

Coworking Spaces in Kansas

2023 Office Construction in Olathe, KS

Largest Office Properties Recently Completed in Olathe
Office building Address SF Completed
529-531 N Mur-Len 529-531 N Mur-Len, 66062 3,900 2009
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 II 18001 West 106th Street, 66061 116,108 2007
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
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

Worth noting among recent office completions on the Olathe market is 529-531 N Mur-Len, which is currently the largest new office development in the city, at 3,900 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 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.