MARKET SNAPSHOT

Kansas City q1 2025

DOWNLOAD THE FULL REPORT

AVERAGE RENT

$1,347 Q1 2025

OCCUPANCY RATE

93.1% Q1 2025

QUARTERLY NET ABSORPTION

1,074 Q1 2025

ANNUAL RENT CHANGE

3.5% Q1 2025

ANNUAL OCCUPANCY CHANGE

+30 BPS Q1 2025

QUARTERLY COMPLETIONS

2,040 Q1 2025

KEY TAKEAWAYS

Kansas City recorded strong demand in Q1 2025, with 1,070 units absorbed—its third-highest first-quarter total in the past decade.

Click Here

Deliveries are expected to moderate in 2025, with 4,200 units projected—nearly half of which came online in Q1, leaving 2,160 units set to deliver over the remainder of the year.

Click Here

Kansas City posted a 3.5% increase in effective rents in Q1—up from 3.3% in Q4 2024—placing it among the top three markets with more than 75,000 units of inventory.

Click Here

MARKET OUTLOOK

Kansas City’s multifamily market is well-positioned for continued growth and stabilization through the remainder of 2025, supported by sustained strength in unit absorption and a tapering pipeline of new deliveries...

READ THE FULL REPORT