2013 KC Office Report

 B.E Smith's New Office in Lenexa, Kansas

One positive aspect of the economic downturn and slow recovery of these past three years is the supply of new office product has fortunately been held at historically low rates.        

Vacancy rates as well have slowly descended from their peak levels despite and market fundamentals have gradually improved as a result. However, tenants continue to exhibit a “wait and see” cautious approach, and remain exceptionally cost and risk adverse in every market due to the uncertainty resulting from the weak economic environment.


Locally, Kansas City has not performed as well as the national market, but the vacancy rate in KC is closely following the national average and decreasing. These market improvements have yielded several significant deals over the year: