Kansas City Office Figures Q2 2026

– Overall net absorption posted positive 57,000 sq. ft. for Q2 2026, marking the seventh consecutive quarter of positive net absorption. Positive net absorption came from the suburban market (73,000 sq. ft.), with most of the positive net absorption coming from South Johnson County (138,000 sq. ft.).

– Vacancy rates fell from 17.2% to 17.1% quarter-over-quarter in the overall market, a result of positive net absorption. Looking longer-term vacancy rates fell from 18.1% to 17.1% year-over-year. Vacancy rates have fallen slightly below the average from three years ago (Q2 2023) at 17.5%.

– Asking lease rates in the overall market increased 1.4% year-over-year ($23.36 per sq. ft. to $23.69 per sq. ft.). Over the previous three years the average asking lease rate increased 5.8% ($22.39 per sq. ft. to $23.69 per sq. ft.).