What are the different types of commercial real estate?

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate . However, there are three main categories that you are most likely to come across: office, retail, and industrial space . Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Lenexa commercial real estate market incorporates 6,312,877 square feet of office space across 97 buildings. Office buildings can also accommodate coworking spaces , which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Lenexa commercial real estate market includes 1,584,941 square feet of retail space in a variety of settings. Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Lenexa market, there is a total of 21,948,710 square feet of industrial property.

What types of commercial real estate are available in Lenexa, KS?

The largest share of commercial real estate space for lease in Lenexa is represented by Industrial space , which accounts for 1,529,814 square feet of available listings. Office space available in Lenexa adds up to 1,033,031 square feet.

What factors affect the price of commercial real estate in Lenexa, KS?

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

What is the average rent for commercial space in Lenexa, KS?

The average rent for commercial real estate space listed for lease in Lenexa is $16.14 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Lenexa can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

What are the best areas for commercial real estate in Lenexa, KS?

The best choice of location for commercial space depends on the factors that are most relevant to your business. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type. As such, there are several areas that you could consider to be the best location for commercial real estate in Lenexa, depending on the property type you are interested in. Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

How do I find a good commercial real estate broker?

Whether or not leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker . In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market , the property type you need representation for, and will handle negotiations on your behalf in your best interest. To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker . Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests. CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

What is the most profitable commercial real estate?

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $22 per square foot. In particular, the property type commanding the highest lease rates in Lenexa was Office space.

What is the average size of a commercial property in Lenexa, KS?

The average size of a commercial property in Lenexa depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use: In Lenexa, the average size of an office property is 71,737 square feet. Retail properties here incorporate an average of 75,473 square feet. Industrial space in Lenexa is in buildings that are, on average 162,583 square feet in size.

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275 Commercial Real Estate Listings in Lenexa, KS

Meritex Lenexa Executive Park: Building 3

99th St & Britton St: Building 3, Lenexa, KS
For Lease

Contact for pricing
Property

Industrial
Availability

1 Space

189,000 SF
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23704-23724 W 83rd Ter

23704-23724 W 83rd Ter, Lenexa, Shawnee, KS
For Lease

$13.00/SF/YR
Property

Industrial

11,150 SF
Availability

1 Space

2,295 SF
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Showroom Space For Lease

14871 - 14873 W. 95th St, Lenexa, KS
For Lease

Contact for pricing
Property

Office
Availability

1 Space

7,831 SF
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Sublease Availability

15520 College Blvd, Lenexa, KS
For Lease

Contact for pricing
Property

Office
Availability

1 Space

17,796 SF
Year Built

1999
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Renner Commerce Center

10801 Renner Blvd, Lenexa, KS
For Lease

Contact for pricing
Property

Industrial
Availability

1 Space

52,449 SF
Year Built

1999
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College Crossing Business Park - Buildings C & D

10908 Strang Line Road, Lenexa, KS
For Lease

Contact for pricing
Property

Industrial

136,489 SF
Availability

1 Space

15,947 SF
Year Built

2005
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Southlake - Tech Center 4

11150 Thompson Avenue, Lenexa, KS
For Lease

Contact for pricing
Property

Office

38,507 SF
Availability

1 Space

11,533 SF
Year Built

1988
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7805 Barton

7805 Barton, Lenexa, KS
For Sale

$1,900,000
Property

Industrial

12,300 SF
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Three Pine Ridge Plaza

10901 West 84th Terrace, Lenexa, KS
For Lease

$21.75/SF/YR
Property

Office

59,483 SF
Availability

2 Spaces

8,467 SF
Year Built

1986
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Lackman Business Park Bldg #2

15320-15380 W 101st Terr, Lenexa, KS
For Lease

$4.75/SF/YR
Property

Industrial

166,624 SF
Availability

1 Space

62,534 SF
Year Built

2000
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Perimeter Park - 8500 Hedge Lane Terrace

8500 Hedge Lane Terrace, Lenexa, Shawnee, KS
For Lease

$5.85/SF/YR
Property

Industrial

111,000 SF
Availability

1 Space

87,000 SF
Year Built

1999
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Meritex - 17501 W 98th Street; 6,000 SF

17501 West 98th Street, Lenexa, KS
For Lease

Contact for pricing
Property

Industrial
Availability

2 Spaces

30,000 SF
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12345 West 95th Street
Annex Spaces
12345 West 95th Street #200, Lenexa, KS
Services

Event Space

Meeting Room

Private Office

Dedicated Desk
Amenities

Gym

High-speed wifi

IT support

Printer

Receptionist/Secretarial services

Web development services
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8615 Rosehill

8615 Rosehill, Lenexa, KS
For Lease

$18.50/SF/YR
Property

Office

1,625 SF
Availability

1 Space

1,625 SF
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88th & Renner Blvd

88th & Renner Blvd, Lenexa, KS
For Sale

Contact for pricing
Property

VacantLand

36,000 SF
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8040 Bond Street

8040 Bond Street, Lenexa, Overland Park, KS
For Sale

Contact for pricing
Property

Industrial

55,120 SF
Year Built

1996
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College Crossing Business Park - Building L

11041 Strang Line Road, Lenexa, KS
For Sale

Contact for pricing
Property

Industrial

33,000 SF
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Shawnee Mission Outpatient II

23351 Prairie Star Parkway, Lenexa, KS
For Lease

Contact for pricing
Property

Office

75,146 SF
Availability

1 Space

260 SF
Year Built

2013
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8800 Renner Blvd

8800 Renner Blvd, Lenexa, KS
For Lease

Contact for pricing
Property

Office

19,380 SF
Availability

1 Space

6,000 SF
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Restaurant Row at Lenexa City Center

West 87th Street Pkwy & Renner Blvd, Lenexa, KS
For Lease

Contact for pricing
Property

Retail

42,000 SF
Availability

6 Spaces

41,794 SF
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8724-8730 Bourgade Avenue

8724-8730 Bourgade Ave, Lenexa, KS
For Lease

$17.00/SF/YR
Property

Office

8,400 SF
Availability

1 Space

2,250 SF
Year Built

1998
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11901 W 87th Street

11901 W 87th Street, Lenexa, KS
For Lease

$20.00 - $22.00/SF/YR
Property

Office

5,830 SF
Availability

1 Space

4,164 SF
Year Built

1979
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10981 Eicher Dr

10981 Eicher Dr, Lenexa, KS
For Sale

$1,050,000
Property

Office

6,300 SF
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14550-14560 W 99th Street

14550-14560 W 99th Street, Lenexa, KS
For Sale

$1,635,500
Property

Industrial

26,352 SF
Year Built

1974
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9542-9562 Lackman Road

9542-9562 Lackman Rd, Lenexa, KS
For Lease

Contact for pricing
Property

Retail

14,379 SF
Availability

1 Space

2,700 SF
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Adventhealth Lenexa City Center Office Building

87th St and Renner Blvd, Lenexa, KS
For Lease

Contact for pricing
Property

Office

22,000 SF
Availability

1 Space

22,000 SF
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