Kansas City, MO Office Overview
The Kansas City Metropolitan Area includes the Briarcliff - Claymont, Red Bridge, and South Plaza - Countryside submarkets. With a metropolitan population of over 2 million people, the city was originally founded as a port on the Missouri River and has since grown to be the largest city in Missouri. A wide variety of business and industries drive the local market, including the agriculture and federal government sectors.
While agriculture has always played a major role in the local economy, today white-collar employers such as the federal government, and banking & finance companies contribute significantly. With a gross metropolitan product of nearly $113 billion, the demand for space continues to be strong. Over 51% of the office space in Kansas City is Class A or A+, with another 48% of Class B product added to the total inventory in the market.
Kansas City, MO Office Inventory Description
As of mid-2017, the market encompasses nearly 26 million square feet of existing office space in properties larger than 50,000 square feet. The city is home to numerous corporate headquarters that contribute to the robust commercial real estate market.
Some of the strongest demand for Class A space in the city is seen in the Crown Center - Union Hill market. Located between the I-35 interstate and State Route 35, this submarket is home to investment-grade buildings such as the Crown Center - Pershing Buildings, the 2323 Grand Blvd building, and Two Pershing Square at 2300 Main Street.
Kansas City, MO Commercial Inventory Breakdown
Office Spaces
Total: 38,443,077 SF
By square footage range:
- 50k to 100k SF: 6,260,923 SF / 16.29% of total office
- 100k to 500k SF: 21,588,407 SF / 56.16% of total office
- 500k to 1M SF: 6,768,747 SF / 17.61% of total office
- > 1M SF: 3,825,000 SF / 9.95% of total office
By class:
- Class A: 17,352,388 SF / 45.14% of total office
- Class B: 17,781,413 SF / 46.25% of total office
- Class C: 1,194,220 SF / 3.11% of total office
Top 10 Largest Office Buildings
in Kansas City
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Hallmark Cards Headquarters | 2501 McGee Trfy, 64116 | 2,300,000 | 1955 |
| Cerner Headquarters Campus | 2800 Rockcreek Pkwy, 64117 | 1,525,000 | 1975 |
| One Kansas City Place | 1200 Main Street, 64105 | 841,940 | 1987 |
| Town Pavilion | 1100 Walnut Street, 64106 | 802,071 | 1986 |
| Lightwell | 1100 Main Street, 64105 | 656,575 | 1977 |
| Cerner Realization Campus | 10234 Marion Park Drive, 64137 | 606,487 | 1994 |
| Crown Center - Pershing Buildings | 2400 Pershing Road, 64108 | 596,011 | 1973 |
| 2555 Grand | 2555 Grand Blvd, 64108 | 595,607 | 2003 |
| H&R Block World Headquarters | 1301 Main Street, 64105 | 531,168 | 2006 |
| 2345 Grand Ave | 2345 Grand Ave, 64108 | 528,000 | 1977 |
Largest Office Properties Recently Completed
in Kansas City
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| The Kansas City Star - Redevelopment | 1729 Grand Blvd, 64108 | 250,000 | 2021 |
| Shankman Building | 3115 Troost Avenue, 64109 | 56,000 | 2021 |
| Cerner Innovations Campus - Tower 3 | 9131 Hillcrest Road, 64137 | 449,162 | 2020 |
| Children’s Mercy Research Institute | 2401 Gillham Road, 64108 | 375,000 | 2020 |
| Cerner Innovations Campus - Tower 4 | 9141 Hillcrest Road, 64137 | 322,964 | 2020 |
| 46 Penn Centre | 4622 Pennsylvania Avenue, 64112 | 231,000 | 2020 |
| Burns & McDonnell World Headquarters - 9450 South | 9450 Ward Pkwy, 64114 | 142,000 | 2020 |
| University Health - 2211 Charlotte Street | 2211 Charlotte Street, 64108 | 77,000 | 2020 |
| Six at Park | 105 East 6th Street, 64152 | 54,000 | 2020 |
| 11224 Holmes Road | 11224 Holmes Road, 64131 | 72,192 | 2018 |
Kansas City, MO Green Office Space
Over the years, both tenants and investors have realized the benefits of green office space, and Kansas City is certainly succeeding in meeting this demand. This year, it ranked 27th of the top 30 markets in the U.S. that were surveyed for the availability of energy-efficient office space. Over the past 12 years, the percentage of green office buildings in these major markets has increased by over 33%, according to the National Green Building Adoption Index published in 2017.
While LEED-certified office buildings in the city account for just over 1% of the properties larger than 50,000 square feet, the number of Energy Star-rated buildings is over 3% and the percentage of green office buildings is just under 4%.
A great example of a local LEED-certified office building is One Petticoat Lane at 1010 Walnut Street. Located in the Downtown Kansas City commercial real estate submarket, this 141,000-square-foot building was completed in 1988 and has a LEED certification.
Kansas City, MO's Top Office-Using Sectors
With about 30,000 employees, the Federal Government is the largest employer in Kansas City, and, along with the healthcare and finance industries, maintains robust demand in the area.
- Government – Federal, local and state government create many white-collar jobs, through agencies such as the Internal Revenue Service, the General Services Administration, and the Social Security Administration.
- Healthcare & Pharmaceuticals – Drug manufacturer Sanofi-Aventis, HCA Midwest Health System, Saint Luke's Health System, Children's Mercy Hospitals and Clinics, and the University of Kansas Hospital all help to boost demand.
- Finance – Home to the Kansas City Federal Reserve Bank, white-collar office users also include American Century Investments, H&R Block, Novastar Financial, and Commerce Bancshares.
- Corporate Headquarters – Some of the numerous corporate headquarters include Andrews McMeel Universal, Applebee's, Hostess Brands, Kansas City Southern Railway, and Blue Cross and Blue Shield of Kansas City.
Frequently Asked Questions
How much does office space cost in Kansas City, MO?
The average office rental rate in Kansas City, MO is $19.4 per square foot. Asking prices vary based on the property’s location, overall rating, amenities, proximity to restaurants, cafes and entertainment venues, as well as public transport, airports and highways. Check Kansas City Office Market Trends for more stats.
What is the size of available office spaces in Kansas City, MO?
The Kansas City, MO office market can accommodate various businesses, sporting a range of office space availabilities. The average size of office space availabilities is 172,125 square feet. If you’re just starting out as a company or as an entrepreneur, the smallest available office space in Kansas City, MO is 120 square feet, while the maximum rentable space on the market now is 344,130 square feet.
How do I get office space in Kansas City, MO?
Start your search for office space in Kansas City, MO by using our filters that allow you to find the best space for your business needs. Filter listings by location, property size, available space or lease rate. Property pages will offer details about an office building’s rating, year built, availabilities, price per square foot and more. After drawing up a shortlist, make sure you contact the listed broker(s) to schedule a viewing and begin the negotiation process for your lease contract.
How many office listings are available in Kansas City, MO?
There are 419 office listings on the Kansas City, MO market. See all available office spaces for rent.
Where to rent an office space in Kansas City, MO?
Popular Kansas City neighbourhoods with available office spaces include Central West Kansas City, Northwest Kansas City and Downtown Kansas City.
What other property types are available for lease in Kansas City, MO?
In addition to traditional office spaces, commercial real estate listings on our platform also include coworking & shared office space options, retail spaces, industrial buildings, warehouses, distribution facilities, and more.
Kansas City Demographics
Population
- Total Population486,404
- Male Population(48.5 %) 235,974
- Female Population(51.5 %) 250,430
- Median Age35.10
Income/Financial
- Average Household Income$75,132
- Median Household Income$54,194
- Median Income Under 25$32,721
- Median Income 25-44$60,569
- Median Income 45-64$61,021
- Median Income Over 65$41,508
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