Lenexa Office Rent Price & Sales Report

Highlights

  • The market’s vacancy rate stands at 16.08%, lower than the state average of Kansas, which is 24.76%.
  • 66,000 square feet is currently under construction.

2025 Office Space Rent & Sales

  • $16.64 2025 Avg. Asking Rent
  • 16.08% 2025 Office Vacancy Rate

What is the average asking rent price for office space in Lenexa?

Average asking rents for office space here stand at $16.64 per square foot. The local office market recorded an average vacancy rate of 16.08% in 2025, unchanged from 16.08% in 2024.

Lenexa, KS Office Asking Rents by Class

What is the average office rent per square foot by property class in KS?

  • Avg. Asking Rent Class A & A+$28.51
  • Avg. Asking Rent Class B$22.58
  • Avg. Asking Rent Class C$18.17

For comparison, the average rent for Class A and A+ office space in Kansas was $28.51 per square foot. The state-wide average for Class B space was $22.58 per square foot, and Class C office spaces averaged $18.17 per square foot.

Lenexa, KS Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Lenexa was Lenexa - Shawnee at 11.96%. Meanwhile, the highest office vacancy rate in the market was 28.66%, recorded in Olathe.
Submarket Asking Rents Vacancy Rates
Lenexa - Shawnee $19.37 11.96%
Olathe $19.12 28.66%
Data provided by Yardi Research

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2025 Office Construction in Lenexa, KS

  • Lenexa, KS Total SF completed in 2025 56,000
  • Lenexa, KS Total SF under construction in 2026 66,000

How much office space was built in Lenexa in 2025?

56,000 square feet of new office space was delivered across the market in the previous year. New construction included 1 properties, with an average new property size of 56,000 square feet.

Looking forward, development activity in 2026 is estimated to add 66,000 square feet of office space to the market in total.

What are the largest recent office completions in Lenexa?

The largest recent office completion here is College & Renner Corporate Center - Buildings A, B, C & D at 223,648 square feet, completed in 2001. The next largest completions are Shawnee Mission Health Prairie Star and Southlake - EcoWorks I & II.

Office building Address SF Completed
AdventHealth Lenexa City Center - MOB NEC West 87th Street & Penrose Lane, 66219 66,000 2026
Shawnee Mission Outpatient Pavilion A 23351 Prairie Star Parkway, 66227 75,146 2013
Shawnee Mission Health Prairie Star 23401 Prairie Star Pkwy, 66227 150,000 2008
87TH & RENNER BLVD LENEXA 87TH & RENNER BLVD LENEXA, 66219 24,500 2007
For Sale or Lease 15555 W 87th St Pkwy, 66219 6,349 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
Southlake - Waterside 3 15200 Santa Fe Trail Drive, 66219 60,454 1998
Kansas Commerce Center - 9600-9652 Loiret Blvd & 9601-9645 Legler Road 9600 Loiret Blvd, 66219 110,632 1988
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

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 Yardi Research Data can guarantee that the information provided is complete.