Kansas City Office Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, CBRE, JLL, Newmark, Colliers
Quarterly office market indicators for Kansas City, aggregated by CREhunt from Cushman & Wakefield, CBRE, JLL, Newmark, Colliers. As of Q2 2026, average asking rent was $23.25/SF/yr and vacancy was 18.4%, per Cushman & Wakefield.
Projected current office pricing — Kansas City
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Kansas City office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q2 2026 multiple brokerages asking-rent data (benchmark cap rate 6.5%–8.6%, asking rent trend-adjusted to today). Assumes ~82% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $23.25/SF/yr | 18.4% | — | — | Cushman & Wakefield |
| Q2 2026 CBRE | $23.36/SF/yr | 17.1% | 57K SF | — | CBRE |
| Q1 2026 JLL | $23.06/SF/yr | 19.6% | 295K SF | — | JLL |
| Q1 2026 Cushman & Wakefield | $23.19/SF/yr | 18.7% | 171K SF | — | Cushman & Wakefield |
| Q4 2025 Cushman & Wakefield | $23.28/SF/yr | 19.7% | — | — | Cushman & Wakefield |
| Q4 2025 Newmark | $23.10/SF/yr | 15.9% | 115K SF | — | Newmark |
| Q3 2025 Newmark | $23.42/SF/yr | 16.2% | 68K SF | — | Newmark |
| Q3 2025 Cushman & Wakefield | $65.28/SF/yr | 6.1% | 11.6M SF | — | Cushman & Wakefield |
| Q2 2025 Newmark | $22.96/SF/yr | 16.1% | 116K SF | — | Newmark |
| Q1 2025 Newmark | $22.97/SF/yr | 16.4% | 75K SF | — | Newmark |
| Q4 2024 Newmark | $22.73/SF/yr | 16.7% | 42K SF | — | Newmark |
| Q3 2024 Colliers | $20.94/SF/yr | 12.6% | 219K SF | — | Colliers |
| Q3 2024 Newmark | $22.44/SF/yr | 17.0% | 268K SF | — | Newmark |
| Q2 2024 Newmark | $22.37/SF/yr | 17.5% | 229K SF | — | Newmark |
| Q1 2024 Newmark | $22.33/SF/yr | 17.9% | — | — | Newmark |
| Q3 2023 Newmark | $21.80/SF/yr | 16.7% | — | — | Newmark |
| Q3 2021 Cushman & Wakefield | $33.21/SF/yr | 21.9% | 2K SF | — | Cushman & Wakefield |
| Q3 2019 Cushman & Wakefield | $23.33/SF/yr | 12.5% | 237K SF | — | Cushman & Wakefield |
Office asking rents by submarket
The newest asking rent a named brokerage's report published for each Kansas City office submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| CBD | $22.93/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Crown Center/Crossroads | $23.48/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Downtown | $23.88/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| East / SE Jackson County | $20.81/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| East Kansas City | $20.14/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| Kansas City North | $17.93/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| Kansas City, Kansas | $27.74/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| Midtown | $18.74/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| North Johnson County | $21.08/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| Northland | $19.53/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Other Suburban Markets | $19.15/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Plaza | $27.53/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| South Johnson County | $25.50/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| South Kansas City | $21.17/SF/yr CBRE · Q2 2026 | CBRE, Q2 2026 |
| Suburbs | $23.36/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
How the brokerage sources compare
For Q2 2026, the brokerages CREhunt aggregates for Kansas City office did not fully agree. On vacancy, the sources span 1.3 points — from 17.1% (CBRE) to 18.4% (Cushman & Wakefield). Asking-rent estimates differ by $0.11/SF/yr — from $23.25/SF/yr to $23.36/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| CBRE | 17.1% | $23.36/SF/yr | — |
| Cushman & Wakefield | 18.4% | $23.25/SF/yr | — |
Per-brokerage figures for Q2 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for office space in Kansas City?
- As of Q2 2026, the average asking rent for office space in Kansas City was $23.25/SF/yr, per Cushman & Wakefield.
- What is the office vacancy rate in Kansas City?
- The office vacancy rate in Kansas City was 18.4% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Kansas City market data come from?
- This report aggregates quarterly office market data for Kansas City from Cushman & Wakefield, CBRE, JLL, Newmark, Colliers.
- How much do brokerage estimates differ for office space in Kansas City?
- For Q2 2026, the brokerage sources CREhunt aggregates for Kansas City did not fully agree. On vacancy, the sources span 1.3 points — from 17.1% (CBRE) to 18.4% (Cushman & Wakefield). Asking-rent estimates differ by $0.11/SF/yr — from $23.25/SF/yr to $23.36/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.