Intelligence

Commercial Real Estate INSIGHTS

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Find the information you need to make informed commercial real estate decisions with up-to-date insights and the latest commercial real estate news. Our Coldwell Banker Commercial brokerage professionals provide invaluable, game-changing advice for businesses, identify real estate opportunities that others might overlook and offer creative solutions and sound business sense in an ever-changing environment. For more information, contact one of our specialists today.

COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Land Sales Trends

Insights: Land Sales Trends

The U.S. economy entered a recession in February, 2020, per the National Bureau of Economic Research. Commercial real estate development typically slows during a recession because developers do not want to incur the holding costs of land parcels if there is not an expected demand for new product.

Insights: Student Housing 2020

Insights: Student Housing 2020

The main uncertainty in the student housing sector is COVID-19’s impact on the 2020-2021 school year’s leasing. There is a variety of factors which make the student housing occupancy outlook uncertain.

COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Landlord Employer Liability

Insights: Landlord Employer Liability

The ongoing coronavirus pandemic raises the question of whether landlords with leased properties can be held liable for injuries sustained when someone contracts COVID-19 at the premises.

Opportunity Zones & Taxes

Opportunity Zones & Taxes

What are Opportunity Zones? The real estate industry is buzzing about this new program which allows private investment in country’s distressed communities. CBC brings you a quick overview to help you understand what they are and how investors can use them for their benefit.

Regional Summaries

Select a state to view available market snapshots

Kansas City, MO

Apartment
The Kansas City apartment market vacancy rate was 4.7% in the second quarter of 2019, down 10 basis points for the quarter up 10 basis points for the year. The average asking rent was up 0.9% during the second quarter to $944 per month, with the average effective rent also up 0.9% to $893 per month. These rates were up 3.7% and 3.4% over the year. Actual rents for this Midwestern market are not high, but the percentage growth is generally solid. VIEW APARTMENT LISTINGS >
Industrial
The vacancy rate in the Kansas City warehouse/distribution market finished the second quarter of 2019 at 9.5%, Reis reports, down 50 basis points from the prior quarter and down 40 basis points from one year earlier. Reis reports second quarter average asking and effective rents of $3.71 psf and $3.45 psf for warehouse/distribution space, up 0.3% from the prior quarter. These rates are up 2.5% and 2.7% for the year. For Flex/R&D space, Reis reports second quarter vacancy at 11.9%. The rate is down 20 basis points over the quarter and down 180 basis points over 12 months. Asking and effective rents, at $7.19 psf and $6.89 psf, were up 0.1% and 0.2% over the quarter. These rates are up 0.6% and 1.3% over 12 months. VIEW INDUSTRIAL LISTINGS >
Office
The Kansas City general purpose, multi-tenant office market finished the second quarter of 2019 with a vacancy rate of 18.0%, down 20 basis points for the quarter and up 130 for the year. Reis reports average asking and effective rents of $21.70 psf and $16.59 psf, up 0.1% for the quarter, and up 2.0% and 2.3% for the year. The solid rent gains of 2018 were followed with low gains in the first quarter and hardly any in the second. VIEW OFFICE LISTINGS >
Retail
Reis reports second quarter 2019 vacancy in Kansas City's community-neighborhood shopping center market at 11.6%, down 10 basis points from the prior quarter and unchanged over 12 months. Community-neighborhood shopping center asking and effective rents were $15.09 psf and $12.92 psf in the second quarter, each down 0.5% for the period, and up 0.7% and 0.6% for the year, respectively. VIEW RETAIL LISTINGS >

Source: Data provided by Reis, Inc. based on Market Summaries for the 85 Primary and Secondary Markets they cover.

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