Kansas City Industrial Figures Q1 2026

– Overall net absorption posted positive 1.7 million sq. ft. for Q1 2026, exceeding the Q4 2025 total of 360,000 sq. ft.
– Vacancy rates decreased from 4.9% to 4.6% quarter-over-quarter, and increased from 4.3% to 4.6% year-over-year.
– Two new buildings were delivered in Q1 2026, a 300,000 sq. ft. build-to-suit distribution warehouse and a 198,715 sq. ft. speculative distribution warehouse which was 100% pre-leased at completion.
– Asking lease rates in the overall market decreased 1.5% year-over-year ($5.57 per sq. ft. to $5.49 per sq. ft.). Over the previous three years the average asking lease rate increased 5.2% ($5.22 per sq. ft. to $5.49 per sq. ft.).