Overall vacancy rates in the Kansas City market remained the same quarter-over-quarter, posting a healthy average of 4.6%.
Modern warehouse vacancy rates finished Q1 2020 at 6.7% which is the markets lowest total since 2012.
Q1 2020 ended with 953,924 sq. ft. of positive net absorption. A large portion of the positive net absorption came from the 765,000 sq. ft. build-to-suit for Hostess in LPKC South, which did not affect the existing vacancy in the market.