Snapshots

With a low cost of doing business, Kansas City shines as a smart location to grow companies

Kansas City’s highly educated workforce and above average per capita income is attracting a positive net migrations of talented workforce for the region’s employers.

May 08, 2019
  • With a cost of doing business index of 95 and an average asking office lease rate of $20.50/sf, Kansas City offers lower costs than the US Average, and many other US markets.
  • Kansas City’s highly educated workforce and above average per capita income is attracting a positive net migrations of talented workforce for the region’s employers.
  • The strong regional economy is driven by a diverse roster of industries to include financial services, technology and telecommunications, logistics, healthcare, government, architecture, and engineering.
  • Lower office rents due to popularity of upgrading office space instead of building new make Kansas City an affordable location where companies can grow.
  • Out of town investors are now entering the Kansas City market, chasing higher yields and a stable market with 7% vacancy in office product.

    Source: JLL Research

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