2023 Office Space Rent & Sales
- $21.39 2023 Avg. Asking Rent
- 16.43% 2023 Office Vacancy Rate
Lenexa office price per square foot in 2023 was $21.39 on average. The local office market recorded an average vacancy rate of 16.43% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Kansas Class A & A+ Office Space$25.97
- Kansas Class B Office Space$20.90
- Kansas Class C Office Space$22.14
Lenexa, KS Office Asking Rents by Class
2023 Office Vacancy Rates in Lenexa
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Olathe | $24.53 | 31.40% |
| Lenexa - Shawnee | $22.26 | 13.63% |
Office Spaces for Rent in Kansas
Coworking Spaces in Kansas
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2023 Office Construction in Lenexa, KS
| Office building | Address | SF | Completed |
|---|---|---|---|
| Penn I, II & III | 8711 Penrose Lane, 66219 | 67,742 | 2019 |
| Shawnee Mission Outpatient Pavilion A | 23351 Prairie Star Parkway, 66227 | 75,146 | 2013 |
| Renner Corporate Centre I | 9401 Renner Blvd, 66219 | 150,958 | 2008 |
| Shawnee Mission Health Prairie Star | 23401 Prairie Star Pkwy, 66227 | 150,000 | 2008 |
| College Crossing Business Park - Building E & F | 11001 Strang Line Road, 66215 | 85,116 | 2007 |
| College Crossing Business Park - Buildings G & H | 11070 Strang Line Road, 66215 | 78,265 | 2007 |
| 9701 Renner Blvd | 9701 Renner Blvd, 66219 | 129,321 | 2002 |
| College & Renner Corporate Center - Buildings A, B, C & D | 11140 Renner Blvd, 66219 | 223,648 | 2001 |
| Southlake - EcoWorks I & II | 16105 West 113th Street, 66219 | 125,301 | 2001 |
| Westbrook III | 8050 Marshall Drive, 66214 | 100,400 | 2001 |
Worth noting among recent office completions on the Lenexa market is Penn I, II & III, which is currently the largest new office development in the city, at 67,742 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Lenexa 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.