The office vacancy rate in the Kansas City market area decreased to 13.4% at the end of the second quarter 2012. The vacancy rate was 13.5% at the end of the first quarter 2012, 13.5% at the end of the fourth quarter 2011, and 13.4% at the end of the third quarter 2011.
Class A projects reported a vacancy rate of 14.8% at the end of the second quarter 2012, 15.9% at the end of the first quarter 2012, 15.5% at the end of the fourth quarter 2011, and 16.0% at the end of the third quarter 2011.
Class B projects reported a vacancy rate of 13.8% at the end of the second quarter 2012, 13.5% at the end of the first quarter 2012, 13.5% at the end of the fourth quarter 2011, and 13.2% at the end of the third quarter 2011.
Class C projects reported a vacancy rate of 10.4% at the end of the second quarter 2012, 10.5% at the end of first quarter 2012, 10.6% at the end of the fourth quarter 2011, and 10.5% at the end of the third quarter 2011.
The overall vacancy rate in Kansas City's central business district at the end of the second quarter 2012 increased to 15.9%. The vacancy rate was 15.2% at the end of the first quarter 2012, 15.2% at the end of the fourth quarter 2011, and 15.6% at the end of the third quarter 2011.
The information in this news report is based on CoStar’s Second Quarter 2012 Market Report, a 40-plus page comprehensive research report available to CoStar subscribers. To learn more about quarterly research reports and other benefits available to CoStar subscribers, please call 1-877-694-2177.