Kansas City Growth Could End “Border War”

KANSAS CITY—As reported in GlobeSt.com, 2014 was the best year for this region’s industrial market since before the recession. And if the results from the first quarter are any indication, 2015 should also go down as a remarkable year.

According to a new report from DTZ, in the first three months of the year the market saw roughly 1.4 million square feet of positive absorption and the vacancy rate sank to 7.38%. Most impressively, at the same time developers added about 600,000 square feet of space to the region’s inventory. “In the past twelve months the total existing inventory in the market has increased by 3.44 million square feet yet the vacancy rate, the amount of square feet vacant, and the amount of square feet available on the market have all dropped,” DTZ says.