2024 Office Space Rent & Sales
- $18.13 2024 Avg. Asking Rent
- -1.05% Y-o-Y Avg. Asking Rent Change
- 15.45% 2024 Office Vacancy Rate
Wichita office price per square foot in 2024 was $18.13 on average. This marked a -1.05% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 15.45% 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
Wichita, KS Office Asking Rents by Class
2024 Office Vacancy Rates in Wichita
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
West Sedgwick County | $19.62 | 7.33% |
Northeast | $19.39 | 9.50% |
Downtown | $17.99 | 12.61% |
North Sedgwick County | $17.50 | 5.74% |
Southeast | $16.00 | 39.43% |
Coworking Spaces in Kansas
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2024 Office Construction in Wichita, KS
- Wichita, KS Total SF completed in 2024 27,000
During 2024, 27,000 square feet of new office space were delivered across the market. At the close of 2024, the Wichita office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 27,000 square feet of office space.
Office building | Address | SF | Completed |
---|---|---|---|
494 North 127th Street East | 494 North 127th Street East, 67206 | 10,648 | 2022 |
Spaghetti Works District | 645 E Douglas Ave, Suite 1st Floor, 67202 | 64,649 | 2019 |
9860 E 21ST N | 9860 E 21st St N, 67206 | 11,350 | 2019 |
9860 E 21ST N | 9860 E 21st St N, 67206 | 11,350 | 2019 |
9860 E 21st St N | 9860 E 21st St N, 67206 | 11,350 | 2019 |
9860 E 21st St N | 9860 E 21st St N, 67206 | 11,350 | 2019 |
Webb at K-96 Medical Office Building Suites Available for Condo Sale or Lease | 3161 N Webb Rd, 67226 | 20,000 | 2018 |
Webb at K-96 Medical Office Building Suites Available for Condo Sale or Lease | 3161 N Webb Rd, 67226 | 20,000 | 2018 |
CLASS A MULTI TENANT BUILDING – NE WICHITA | 9758 E. 21st St. N., 67206 | 31,800 | 2017 |
The Offices at Cranbrook | 10111 East 21st Street North, 67206 | 79,302 | 2013 |
Worth noting among recent office completions on the Wichita market is 494 North 127th Street East, which is currently the largest new office development in the city, at 10,648 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 Wichita 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.