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% |
Office Spaces for Rent in Kansas
Coworking Spaces in Kansas
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2023 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 |
| Cedar Creek Corporate Park - 25501 West Valley Pkwy | 25501 West Valley Pkwy, 66061 | 61,533 | 2001 |
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.
See reports for other markets
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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.