The Kansas City office market has posted 12 consecutive quarters of positive net absorption.
That’s good. But the region’s industrial market has it beat: That sector has posted 14 straight quarters of positive absorption.
That’s the big news from CBRE’s first quarter office and industrial MarketViews reports.
According to CBRE’s numbers, the Kansas City office market saw 161,938 square feet of positive net absorption in the first quarter of 2015. That brought the vacancy rate in this sector down to 14.8 percent.
On the industrial side, the Kansas City region saw 137,480 square feet of positive net absorption in the first quarter. Lease rates in this sector rose to $4.30 a square foot in the quarter, up from $4.26 a square foot during the fourth quarter of 2014.
