Kansas City Office Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from CBRE, CBRE U S Cap Rate Sur, Cushman & Wakefield, Newmark, Lee Associates
Quarterly office market indicators for Kansas City, aggregated by PropZone from CBRE, CBRE U S Cap Rate Sur, Cushman & Wakefield, Newmark, Lee Associates. As of Q1 2026, average asking rent was — with a 4.9% vacancy rate.
Projected current office pricing — Kansas City
low confidenceProjected asking rent
$50.00/SF/yr
Estimated sale value
$288–$374/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 8.0%, asking rent held flat). Assumes ~92% occupancy (vacancy not reported) and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | — | 4.9% | 1.7M SF | — | CBRE |
| Q1 2026 | $50.00/SF | — | — | — | CBRE U S Cap Rate Sur |
| Q1 2026 | $50.00/SF | 19.3% | 0K SF | — | Cushman & Wakefield |
| Q4 2025 | — | — | 1K SF | — | Cushman & Wakefield |
| Q4 2025 | $23.10/SF | — | 115K SF | — | Newmark |
| Q3 2025 | $23.42/SF | — | 68K SF | — | Newmark |
| Q2 2025 | $22.96/SF | — | 116K SF | — | Newmark |
| Q1 2025 | — | — | 75K SF | — | Newmark |
| Q4 2024 | — | — | 42K SF | — | Newmark |
| Q3 2024 | — | — | 268K SF | — | Newmark |
| Q3 2019 | $15.00/SF | 2.0% | -50K SF | — | Lee Associates |
| Q3 2019 | $23.33/SF | 12.5% | 237K SF | — | Cushman & Wakefield |
| Q3 2017 | $182.00/SF | 11.9% | 150K SF | — | Lee Associates |
| Q3 2017 | $33.21/SF | 21.9% | 2K SF | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for office space in Kansas City?
- PropZone aggregates office asking-rent data for Kansas City from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the office vacancy rate in Kansas City?
- The office vacancy rate in Kansas City was 4.9% as of Q1 2026 (CBRE).
- Where does PropZone's Kansas City market data come from?
- This report aggregates quarterly office market data for Kansas City from CBRE, CBRE U S Cap Rate Sur, Cushman & Wakefield, Newmark, Lee Associates.
Looking for active inventory? Browse office listings, read how to buy office property, see interactive market trends, or estimate a property's rent or price.