Wichita Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $18.13 2024 Avg. Asking Rent
  • 0.24% Y-o-Y Avg. Asking Rent Change
  • 15.45% 2024 Office Vacancy Rate

Wichita office price per square foot in 2024 was $18.13 on average. This marked a +0.24% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 15.45% 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

Wichita, KS Office Asking Rents by Class

2024 Office Vacancy Rates in Wichita

Submarket Asking Rents Vacancy Rates
West Sedgwick County $19.62 7.33%
Northeast $19.39 9.50%
Downtown $17.99 12.61%
North Sedgwick County $17.50 5.74%
Southeast $16.00 39.43%
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 Wichita market was 15.45% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Wichita was 5.74% in the North Sedgwick County submarket, while the highest office vacancy in the market was 39.43%, recorded in Southeast.

Office Spaces for Rent in Kansas

Coworking Spaces in Kansas

2024 Office Construction in Wichita, KS

  • Wichita, KS Total SF completed in 2024 27,000

During 2024, 27,000 square feet of new office space were delivered across the market. At the close of 2024, the Wichita office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 27,000 square feet of office space.

Largest Office Properties Recently Completed in Wichita
Office building Address SF Completed
494 North 127th Street East 494 North 127th Street East, 67206 10,648 2022
CLASS A OFFICE BUILDING 9758 E. 21st St. N., 67206 31,800 2017
The Offices at Cranbrook 10111 East 21st Street North, 67206 79,302 2013
Dillons Grocery Stores - Interior Suites 5500 E Harry St, 67218 75,744 2010
WATERWALK PLACE 515 S. Main St., 67202 129,384 2007
Ridgewood Medical Building 4013 N Ridge Rd, 67205 32,063 2006
6803 W. Taft St. 6803 W. Taft St., 67209 20,300 2004
11021 East 26th Street North 11021 East 26th Street North, 67226 11,995 2004
CLASS A OFFICE - NE WICHITA 3020 N. Cypress Dr., 67226 48,169 2001
CLASS A OFFICE - NE WICHITA 3020 N. Cypress Dr., 67226 48,169 2001

Worth noting among recent office completions on the Wichita market is 494 North 127th Street East, which is currently the largest new office development in the city, at 10,648 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 Wichita 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.