Overland Park, KS Office Overview
The Overland Park real estate market includes the Fairway, Leawood, and Prairie Village office space submarkets. While the population is about 190,000, it’s part of the larger Kansas City metro area, which is home to about 2.5 million people. The economy is driven by a dynamic mix of business and industry that’s focused around healthcare, education, and tech, creating demand for office space.
As of mid-2017, the market encompasses over 15 million square feet of existing office space in properties larger than 50,000 square feet. Located 13 miles southwest of Kansas City, demand for commercial real estate is strong and steady, drawn by cost-effective office space within the larger Kansas City metro.
Overland Park, KS Office Inventory Description
Overland Park is the second largest city in the Kansas City metro area, and it contributes more than its share to the region’s annual gross metropolitan product of nearly $113 billion. Class A office space accounts for over 58% of the total inventory, while Class B adds another 39%.
College Boulevard sees some of the strongest demand for office space in the area. Running parallel to I-435, it’s home to investment-grade, Class A office buildings such as 6601 College Blvd, Commerce Plaza I, and the Staples Building.
Overland Park, KS Commercial Inventory Breakdown
Office Spaces
Total: 23,428,207 SF
By square footage range:
- 50k to 100k SF: 4,733,537 SF / 20.2% of total office
- 100k to 500k SF: 11,012,219 SF / 47% of total office
- 500k to 1M SF: 1,938,451 SF / 8.27% of total office
- > 1M SF: 5,744,000 SF / 24.52% of total office
By class:
- Class A: 12,264,964 SF / 52.35% of total office
- Class B: 6,373,465 SF / 27.2% of total office
- Class C: 266,595 SF / 1.14% of total office
Top 10 Largest Office Buildings
in Overland Park
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| The Campus | 11501 Outlook Street, 66211 | 3,900,000 | 1998 |
| Brookridge Redevelopment | NEC Interstate 435 & Antioch Road, 66212 | 1,844,000 | n/a |
| The Shamrock Towers - Phase 2 - Buildings 2 & 3 | NEC Metcalf Avenue & West 95th Street, 66212 | 669,400 | n/a |
| Overland Park Xchange | 6860 West 115th Street, 66211 | 651,391 | 2016 |
| Black & Veatch World Headquarters | 11401 Lamar Avenue, 66211 | 617,660 | 1975 |
| BluHawk Galleria Offices - Phase II - 3A | SWC West 159th Street & US Route 69, 66223 | 328,200 | n/a |
| 40 Corporate Woods | 9401 Indian Creek Pkwy, 66210 | 300,632 | 1980 |
| 5200 Metcalf Avenue | 5200 Metcalf Avenue, 66202 | 295,631 | 1980 |
| 10990 Roe Avenue | 10990 Roe Avenue, 66211 | 295,062 | 1972 |
| The Shamrock Towers - Phase 1 - Building 1 | NEC Metcalf Avenue & West 95th Street, 66212 | 275,000 | 2021 |
Most Recently-Built Office Buildings
in Overland Park
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| CityPlace Corporate Centre III | 11300 Switzer Road, 66210 | 120,268 | 2019 |
| Creative Campus I | 5454 West 110th Street, 66211 | 125,555 | 2018 |
| Creative Campus II | 5440 West 110th Street, 66211 | 103,086 | 2018 |
| Roe Medical Centre I | 5100 West 110th Street, 66211 | 78,368 | 2018 |
| Nall Corporate Centre II | 5700 West 112th Street, 66211 | 150,805 | 2017 |
| 6601 College Blvd | 6601 College Blvd, 66211 | 101,241 | 2017 |
| 6650 Medical Office Building | 6650 West 110th Street, 66211 | 79,000 | 2017 |
| Shawnee Mission Health at Blue Valley - Phase I | 7820 West 165th Street, 66223 | 75,000 | 2017 |
| Overland Park Xchange | 6860 West 115th Street, 66211 | 651,391 | 2016 |
| 4061 Indian Creek Pkwy | 4061 Indian Creek Pkwy, 66207 | 50,154 | 2016 |
Overland Park, KS Green Office Space
Over the past 12 years, the percentage of green office space in the top 30 U.S. office markets has increased by about 33%. This is based on the 2017 National Green Building Adoption Index that looked at office buildings holding a green, LEED certification or EPA Energy Star rating.
One example of a LEED-certified property is Lighton Tower. This 1990 Class A building has over 117,000 square feet of space and is LEED-Certified Gold. There is more than 850,000 square feet of green, energy-efficient office space in Overland Park.
Overland Park, KS's Top Office-Using Sectors
Significant demand for Class A office space comes from education, healthcare, technology, and large corporate office user segments.
- Education – Institutions such as the Shawnee Mission School District, the Blue Valley School District, and Johnson County Community College help create demand for white-collar office employment in Overland Park;
- Healthcare –OptumRx, and the Overland Park Regional Medical Center drive white-collar employment.
- Technology – Sprint and Netsmart Technologies are among prominent companies that aid in the recruitment of other tech companies to the area.
- Corporate Office – Applebee's, YRC Worldwide, Black & Veatch, and Waddell & Reed Financial are a few companies that drive demand for commercial real estate.
Overland Park Demographics
Population
- Total Population188,687
- Male Population(49.3 %) 92,973
- Female Population(50.7 %) 95,714
- Median Age37.70
Income/Financial
- Average Household Income$111,072
- Median Household Income$82,651
- Median Income Under 25$50,654
- Median Income 25-44$88,869
- Median Income 45-64$105,775
- Median Income Over 65$54,809
News
Amazon’s search for a new home has stirred up city officials and developers across the country, and 238 applicants across North America have expressed interest in housing the company’s next headquarters. Of course, the retail giant has a few requirements: the chosen metropolitan area should idea...
Cities near Overland Park, KS
- Belton Office Space
- Fairway Office Space
- Gardner Township Office Space
- Independence Office Space
- Kansas City Office Space
- Kansas City Office Space
- Leawood Office Space
- Lenexa Office Space
- Merriam Office Space
- Mission Office Space
- Mission Woods Office Space
- Olathe Office Space
- Prairie Village Office Space
- Raymore Office Space
- Raytown Office Space
- Roeland Park Office Space
- Shawnee Office Space
- Westwood Office Space
- + More - Less