Olathe Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $21.82 2024 Avg. Asking Rent
  • -0.27% Y-o-Y Avg. Asking Rent Change
  • 45.07% 2024 Office Vacancy Rate

Olathe office price per square foot in 2024 was $21.82 on average. This marked a -0.27% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 45.07% 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

2024 Average Office Rent per Square Foot

  • Kansas Class A & A+ Office Space$28.13
  • Kansas Class B Office Space$22.42
  • Kansas Class C Office Space$16.13

Olathe, KS Office Asking Rents by Class

2024 Office Vacancy Rates in Olathe

Submarket Asking Rents Vacancy Rates
Overland Park $29.06 21.63%
Olathe $19.53 32.67%
Outlying Platte County $14.00 77.98%
Data provided by Yardi Research
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Olathe market was 45.07% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Olathe was 21.63% in the Overland Park submarket, while the highest office vacancy in the market was 77.98%, recorded in Outlying Platte County.

Office Spaces for Rent in Kansas

Coworking Spaces in Kansas

2024 Office Construction in Olathe, KS

Largest Office Properties Recently Completed in Olathe
Office building Address SF Completed
119th Street Tech Park - Building 4 16850 West 119th Street, 66061 94,514 2008
Corporate Ridge I 18103 West 106th Street, 66061 88,050 2008
Corporate Ridge - 17775 W 106th 17775 W 106th St, 66061 33,614 2007
119th Street Tech Park - Building 3 17000 West 119th Street, 66061 145,836 2005
14830 West 117th Street 14830 West 117th Street, 66062 54,148 1987

Worth noting among recent office completions on the Olathe market is 119th Street Tech Park - Building 4, which is currently the largest new office development in the city, at 94,514 square feet.

Data provided by Yardi Research

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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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all Olathe 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 Yardi Research Data can guarantee that the information provided is complete.