Kansas City Has All The Pieces To Solve Logistical Puzzle

Wherever you are located, Kansas City has the industrial parks to help boost your business. Our

central location makes our city ideal for your new data center, distribution headquarters or high-tech assembly facility or E-Commerce platform. We have all the pieces to make logistics as efficient as possible.

Market Report 2015 Sneak Peak - Day 8 Healthcare

The healthcare real estate market, much like it was in last year’s edition, continues to establish itself

as one of the most active sectors in commercial real estate.  Often described as a “recession resistant” sector in the real estate industry, the medical asset class continues to provide stable returns to the real estate investor.  Many factors contribute to this being such a strong asset-class, but two, simple key characteristics that drive this stability are that regardless of economic conditions, individuals get sick, and the baby-boom generation is ever increasing the aging population.

Market Report 2015 Sneak Peak - Day 7 Office

As office markets saw positive strides in 2014, the Kansas City Metropolitan area real estate border war continued to impact many of the cities’ key submarkets. 

Following the national trend of an overall lower unemployment rate, United States office market vacancy rate closed at 11.2%, down from 12.1% at the close of 2013.  The decline in vacancy was helped by the overall positive absorption over the past year of 92 million square feet of space.  This positive impact was helped by the United States adding more than two million jobs since the beginning of the year, which our country has not seen since 1999.

Market Report 2015 Sneak Peak - Day 6 Investment

Looking back to the 2014 Kansas City and National Investment Market section, our predictions and

summary going forward were as follows:

“As pricing continues to increase in Gateway cities, secondary and tertiary markets will receive increased attention from debt and equity looking for suitable risk adjusted returns.  Foreign investors’ interest will continue to grow in U.S. commercial real estate as the preferred market for safety of investments and prospects of capital appreciation.  Underwriting standards from a debt and equity perspective should continue to loosen, but do not expect standards to return to the pre-recession frenzy.”

Market Report 2015 Sneak Peak - Day 5 Multifamily

The multifamily market maintained the top spot among commercial real estate asset classes for

investors in 2014.  High resident demand, record low vacancies, continuously rising rental rates, minimal concessions and low interest rates have attracted capital from Wall Street to Main Street, with major institutions and local operators aggressively pursuing property acquisitions and development.  This has driven up pricing across property classes and markets nationwide, a distinct differentiation from other commercial property types.

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Market Report 2015 Sneak Peak - Day 4 Industrial

Kansas City Metro area is the place to be for e-commerce businesses to locate, according to a recent

Lenexa Logistics Centre - Amazon

United Parcel Service (UPS) study. Their number one hub is in Lenexa, Kansas. Zumiez.com, a national distribution and publicly traded company, hired FedEx, UPS and an arbitrary third-party logistics company to perform a study to tell them where to put one distribution center for all of their .com distribution; and, the answer was Kansas City! FedEx has all but said that based upon their traffic and their expansion, they believe Kansas City is the right place for e-commerce companies to locate their distribution centers as well.

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Market Report 2015 Sneak Peak - Day 2 Downtown

Residential interest remains strong in the downtown submarket.  Three major residential projects are

currently underway.  One Light and the residential conversions of Commerce Tower and the Kansas City Power and Light building are in progress and receiving positive interest.  One Light, located at 13th Walnut is nearly $80 million and 25-stories.  The project will hold 315 units and boasts of a waiting list of 1,000.  The project is 343,000 square feet with an anticipated completion date of 2015 and discussions of another tower are already circulating.  Plans for Commerce Tower are to reduce the 439,000 square foot office property to 82,000 square feet of office and converting the balance to residential units.

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Overland Park Kansas Remains Nationally Recognized City

When it comes to locations, commercial real estate developers know it pays to be in areas at the top

of the list. Overland Park, Kansas has received dozens of top awards in the last few years recognizing it as one of the most livable cities in the nation. It’s one of many reasons Block Real Estate Services, LLC (BRES) chose a prime Overland Park locale for CityPlace, a premier multi-use development with projected occupancy to begin by spring 2016.