• Net absorption totals showed significant improvement overall quarter-over-quarter although still recording a slight loss of negative 68,612 sq. ft. for the quarter.

  • Overall vacancy rates increased 90 basis points (bps) quarter-over-quarter and 120 bps year-over-year.

  • The Kansas City economy has recovered relatively quicker from the decline in 2020 compared to most U.S. metros. Net decline for the KC metro was 2.8% from the previous peak of Q1 2020 which ranks 8thbest out of the top 51 metros according to Oxford Economics. Kansas City is expected to see job growth of 3.6% in 2021, 2.5% in 2022, and is expected to recover all its lost jobs in Q4 2021 according to Oxford Economics.