Kansas City, MO Commercial Real Estate

Kansas City, MO Commercial and Office Space Overview

The largest city in the state of Missouri, Kansas City serves as the region’s economic center and the focal point of the Kansas City metropolitan area, which sits along the Kansas/Missouri border and the Missouri River. Spread across several counties, it serves as one of two county seats in Jackson County, where it predominantly lies.

Kansas City has hundreds of available listings with a median rate of $23 per square foot/year, making it an affordable and dynamic option for companies looking to grow, relocate, or expand into the City of Fountains.

Economy of Kansas City, MO

Home to several internationally-recognized companies like Sprint, Russell Stover, Garmin, and Crayola, Kansas City’s reputation as a major economic force has only expanded since its early days as a major shipping hub along the Missouri River. And while the majority of the employers in the area are in the public sector, the city serves as the third largest beef producer in the nation and is home to major factories, manufacturing, and international trade.

Median household income in Kansas City rests at a comfortable, if below average, $50,136 per year. With such a diverse economic footprint and so many surrounding suburbs, many of those who work in the city live and commute to neighboring communities, driving the figure lower.

With over 15 colleges and universities within the metropolitan area, Kansas City’s higher education background provides a deep and rich pool of fresh, talented minds, further solidifying the city’s reputation as an innovative opportunity for business and entrepreneurship.

Trends of Kansas City, MO

Nearly $1 billion have been invested in revitalizing Kansas City’s downtown region in the last several years, where about 1/4 of the city’s tax base exists. While most of the development in the region is centered at the city’s greater downtown area, suburban Kansas City has seen the most dramatic growth over the last few decades, with regions like Overland Park, Olathe, and Lee’s Summit spiking in population since 1990.

Kansas City is also one of the most tech-savvy cities in the nation, thanks to a forward-thinking deployment of fiber optic cabling alongside a major infrastructure upgrade in its streetcar system in 2016. The city’s smart sensors can collect actionable data on highly-populated areas, detect traffic buildups, and analyze foot traffic to identify hotspots - and it’s all available to the public. While this technology provides city planners the ability to check traffic patterns and deploy city services where needed, it also benefits businesses who rely on heavy foot traffic, allowing them to find the perfect location for their next endeavor.

Where to Lease Commercial Real Estate in Kansas City, MO

As with many major cities, the financial and commercial hub of Kansas City lies within the Central Business District - Downtown, where foot traffic is heavy and the majority of the tax base exists. However, developments in Crown Center, Old Westport, and Hanover Place provide plenty of opportunities for those in professional services, manufacturing, and retail outside of the bustling central corridor.