Myriad Factors Help Explain Why Kansas City Office Market Has Not Reached Full Altitude
The Kansas City office market is poised for increasing rental rates and decreasing vacancy rates for the remainder of 2017 and into 2018. Kansas City has realized its 14th consecutive quarter of increased rental rates (through March 2017), while vacancy has decreased in the overall metro area due to lack of new office construction and a steady pace of absorption.Several factors contribute to the complexity of why the market is good but not great, steady but not dynamic, with no one factor …