KANSAS CITY, MO—Another two tenants have just signed leases for space at the WestLink Business Center at Hwy. K-7 and 43rd St. in Shawnee, KS, bringing the recently completed 170,000-square-foot speculative industrial building up to 100% occupancy. The building was completed in January and its lease-up illustrates just how vibrant the industrial real estate market is in this region.

In the third quarter local companies absorbed space at a pace not seen in years, and the vacancy rates continued to fall, according to a recent study published by Cassidy Turley. The data show that the industrial market’s third quarter net absorption was 1.83-million-square-feet. The last time it exceeded 1.5-million-square-feet was in the third quarter of 2008, when tenants absorbed 2.36-million-square-feet of space.

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