Kansas City, MO Commercial Real Estate Market Trends

Commercial Real Estate Market Report

This page provides a high-level view of commercial real estate conditions in Kansas City, combining current pricing, property scale, and active inventory to support early market evaluation.

Explore Commercial Properties in Kansas City

Browse properties currently for sale or lease to see how local market pricing and building sizes translate into real opportunities.

 

Kansas City's Demographic Profile

With a population of 531,772 and a median household income of $64,541, these metrics help investors gauge whether Kansas City's pricing reflects local demand fundamentals.

Key Demographic Metrics Value
Population 531,772
# Households 226,715
Median age 37
Median household income $64,541
Avg household size 2
Renter-occupied housing units 112,942
5-year population change 3%

Commercial Real Estate Market Snapshot in Kansas City

These market metrics outline current pricing, typical deal size, and observed cap rate ranges, giving investors a quick read on entry costs and high-level underwriting expectations.

Key Market Metrics Value
Avg asking sale price $174 per SF
Avg asking lease rate $39 per SF
Avg unit size for lease 23,447 SF
Avg building size for sale 41,446 SF
Average cap rate 9.25%

In Kansas City, commercial properties are currently listed at an average sale price of $174 per square foot, with average lease rates around $39 per square foot. Typical leased spaces are approximately 23,447 SF, while properties for sale average 41,446 SF in building size. Observed cap rates average 9.25%, offering a reference point for return expectations relative to pricing and deal scale.

 

Commercial Properties For Sale In Kansas City

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Chaves Development at KCI

Kansas City, MO 64163

  • 1.60 - 9.50 AC Lots
  • 7 Commercial Lots
For Sale

Mixed-Use opportunity

Kansas City, MO 64119

  • 533.45 AC Lot
  • 1 Commercial Lot
For Sale

NNN,Service-Oriented Ctr|Recent Renewals

Gladstone, MO 64119

  • 11,558 SF Retail Building
  • 7.75% Cap Rate
  • $2,736,000
For Sale

82 West

Kansas City, MO 64131

  • 55,760 SF Multifamily
  • 9.40% Cap Rate
  • $5,900,000
For Sale

Lane Ave Fourplexes

Raytown, MO 64138

  • 9,834 SF Multifamily
  • $1,250,000
For Sale

Hidden Creek Bldg 8

Independence, MO 64055

  • 10,000 SF Office Building
  • $550,000
For Sale

3000 E Truman Rd

Kansas City, MO 64127

  • 5,846 SF Industrial Building
  • $610,000
For Sale

206-208 W 34th St

Kansas City, MO 64111

  • 5,688 SF Multifamily
  • $875,000

 

Commercial Market Metrics by Property Type

Office Building Market Metrics Near Kansas City

Office market metrics highlight how pricing, typical deal size, and return expectations vary across submarkets, helping investors compare entry costs and yield potential efficiently.

Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Kansas City $140 25,611 SF 8.00%
Kansas City $139 23,611 SF 6.77%
Shawnee $174 16,644 SF 8.00%
Leawood $207 41,595 SF 8.18%

Industrial Property Market Metrics Near Kansas City

Industrial market data shows how cost per square foot and typical building size differ by submarket, supporting comparisons around deal scale and pricing alignment.

Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Kansas City $111 47,342 SF 7.25%
Kansas City $122 53,347 SF 11.45%

 

Retail Property Market Metrics Near Kansas City

Retail pricing varies widely across nearby markets, making this comparison useful for identifying where cost per square foot and deal size diverge most.

Nearby Retail Markets Avg Cost/SF Typical Size
Kansas City $310 23,915 SF
Mission $363 5,566 SF
Kansas City $253 16,313 SF
Overland Park $382 19,254 SF
Lenexa $377 21,014 SF

Multifamily Property Market Metrics Near Kansas City

Multifamily metrics show how pricing and building size relate to observed cap rate ranges, helping investors evaluate income potential relative to entry cost.

Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Kansas City $195 37,522 SF 11.28%
Overland Park $162 52,205 SF 9.40%

 

How Investors Evaluate Commercial Real Estate Markets in Kansas City

Use these tools to move from market-level signals to deal-level math. Each calculator helps translate Kansas City pricing, rents, and building size into concrete metrics like value, income, and space requirements, so you can validate assumptions before spending time on individual listings.

 

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Kansas City pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Kansas City $174 41,446 SF
North Kansas City $208 134,529 SF
Mission $310 7,771 SF
Riverside $96 137,381 SF
Merriam $180 21,928 SF

Multifamily For Sale In Kansas City

Multifamily listings shown here connect market pricing and cap rate patterns with income-producing opportunities currently available.
For Sale

The Afton Apartments

Kansas City, MO 64111

  • 27,812 SF Multifamily
  • $3,189,000
For Sale

Bakers Corner Apartments

Kansas City, MO 64111

  • 15,452 SF Multifamily
  • 5.92% Cap Rate
  • $3,300,000
For Sale

1500 St Louis Ave

Kansas City, MO 64101

  • 48,000 SF Multifamily
  • $3,999,995
For Sale

The Manhattan

Kansas City, MO 64106

  • 150,936 SF Multifamily
  • $695,000
For Sale

Victoria Arms Apartments

Kansas City, MO 64131

  • 102,244 SF Multifamily
For Sale

Union Berkley

Kansas City, MO 64120

  • 384,543 SF Multifamily
  • 4.67% Cap Rate
  • $100,000

Regional Demographic Comparison

This comparison places Kansas City alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Kansas City or distributed across surrounding areas.

City Population # Households Age MedianHouseholdIncome AvgHouseholdSize RenterOccupiedHousingUnits FiveYrPopGrowthPct
Kansas City 531,772 226,715 37 $64,541 2 112,942 3%
North Kansas City 5,160 2,990 41 $41,631 2 2,213 5%
Mission 10,112 5,421 38 $70,228 2 2,943 3%
Riverside 4,500 1,852 38 $43,316 2 1,088 10%
Merriam 11,003 5,085 40 $65,352 2 2,217 3%

FAQs About Commercial Investing in Kansas City

View All Commercial Real Estate For Sale in Kansas City
Is Kansas City a good market for a first-time commercial real estate investor?

Kansas City offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Kansas City?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Kansas City. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Kansas City?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Kansas City. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Kansas City compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Kansas City. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Kansas City acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Kansas City, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.