Leawood Office Market Trends

Office Rental Market

  • $26.67 2019 Avg. Asking Rent
  • 6.82 % 2019 Avg. Vacancy Rate
  • 50,000 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Leawood was $26.67 per square foot, and the office vacancy rate across the market averaged 6.82 %. During 2019, developers added 50,000 square feet of new office space to the Leawood market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Leawood Class A Office Buildings$29.76
  • Leawood Class B Office Buildings$21.80
  • Leawood Class C Office Buildings$18.00
  • KS Class A Office Buildings$25.81
  • KS Class B Office Buildings$20.56
  • KS Class C Office Buildings$16.57

Leawood, KS Office Asking Rents by Class

Office asking rents vary across the Leawood office market depending on several factors, one of which is property class. While rents for Class A office buildings in Leawood averaged $29.76 per square foot in 2019, Class B office properties garnered average rental rates of $21.80 per square foot. Rental rates for Class C office property in Leawood averaged $18.00 per square foot. On a statewide level, Class B office space rents averaged $20.56 per square foot, while rents for Class A office space across Kansas averaged $25.81 per square foot. On average, Class C office properties in Kansas commanded rents of $16.57 per square foot.

OFFICE CONSTRUCTION IN Leawood, KS

  • Leawood, KS Total Sqft completed in 2019 50,000
  • Leawood, KS Total Sqft under construction in 2020 0
10 Largest Office Buildings in Leawood
Building name Address Total Sqft Year built
11400 Tomahawk Creek Pkwy 11400 Tomahawk Creek Pkwy, 66211 179,000 1998
Park Place - 11500 Ash Street 11500 Ash Street, 66211 170,000 2012
Park Place - Aubrey & Becker Buildings 11551 Ash Street, 66211 142,539 2007
Pinnacle Corporate Center II 11440 Tomahawk Creek Pkwy, 66211 131,608 2002
8900 State Line Road 8900 State Line Road, 66206 122,474 1971
Two Hallbrook Place 11161 Overbrook Rd, 66211 110,409 2009
Leawood Fountain Plaza 11100 Ash Street, 66211 109,000 1982
Pinnacle Corporate Center III 11460 Tomahawk Creek Pkwy, 66211 105,603 2008
Leawood Office Building - 8700 State Line Road 8700 State Line Road, 66206 92,000 1981
Timberlands Office Building 4000 West 114th Street, 66211 91,272 1998
Largest Office Properties Recently Completed in Leawood
Office building Address Sqft Completed
Park Place - 5100 West 115th Place 5100 West 115th Place, 66211 50,000 2019
Pinnacle Corporate Center V 4001 West 114th Street, 66211 66,520 2015
Park Place - 11500 Ash Street 11500 Ash Street, 66211 170,000 2012
Park Place - Francis Building 5250 West 116th Place, 66211 60,489 2011
Park Place - 11625 Rosewood Street 11625 Rosewood Street, 66211 55,719 2011
11601 Granada Street 11601 Granada Street, 66211 33,000 2011
Park Place - Gibson Building 5251 West 116th Place, 66211 65,672 2009
Pinnacle Corporate Center III 11460 Tomahawk Creek Pkwy, 66211 105,603 2008
10601 Mission Road 10601 Mission Road, 66206 50,710 2008
4300 West 133rd Street 4300 West 133rd Street, 66209 27,102 2008
Data provided by Commercial Edge

Office Spaces for Rent in Kansas

See trends for nearby markets

The Leawood office market contains an inventory of 3,540,458 square feet of office space, in 47 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive knowledge on all Leawood commercial properties sized 25,000 square feet or larger.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.