Kansas City Industrial Figures Q2 2026

–Overall net absorption posted positive 1.7 million sq. ft. for Q2 2026, matching the Q1 2026 total.

–Vacancy rates decreased from 4.6% to 4.5% quarter-over-quarter. Vacancy rates match the 4.5% vacancy rate average from two years ago (Q2 2024), showing longer term stability in the market.

–Five new buildings were delivered in Q2 2026, totaling more than 1.4 million sq. ft. Four buildings were developed on a build-to-suit basis with a total of 960,000 sq. ft. and one building was completed on a speculative basis with 460,000 sq. ft.

–Asking lease rates in the overall market decreased 2.6% year-over-year ($5.57 per sq. ft. to $5.43 per sq. ft.). Over the previous three years the average asking lease rate increased 10.4% ($4.92 per sq. ft. to $5.43 per sq. ft.).