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Kansas City Commercial Real Estate market Continues to Grow

10 Sep 2014 0

The Kansas City commercial real estate market is following the national trend of year-over-year improvement in market conditions.

According to a recent Loopnet report, sales demand for Kansas city retail property is up 27.4 percent over 2013 and demand for multi-family property is up 6.3 percent. Retail property number of listings is also up 21.2 percent from 2013. In addition, retail property sales prices have seen an increase of 48.8 percent year over year and multi-family property sales prices have increased 5 percent.

As the commercial real estate market continues to grow in 2014, the national forecast for 2015 is favourable as well according to a report by national Association of REALTORS / Reis, inc. All sectors are expected to see a decrease in vacancy rates next year. The office, industrial and retail sectors are expected to see rent growth next year, while multi-family will see a slight decrease.

It’s a great time to call a Curry agent and take advantage of the favorable Kansas City commerical real estate market conditions.