MARKET SNAPSHOT

Kansas City q2 2025

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AVERAGE RENT

$1,361 Q2 2025

OCCUPANCY RATE

93.5% Q2 2025

NET ABSORPTION

2,468 H1 2025

ANNUAL RENT CHANGE

2.3% Q2 2025

ANNUAL OCCUPANCY CHANGE

+30 BPS Q2 2025

COMPLETIONS

3,158 H1 2025

KEY TAKEAWAYS

Net absorption totaled 1,483 units in Q2 2025, outpacing new completions by more than 2:1—marking a strong rebound in demand as development activity continues to slow.

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Construction activity has slowed significantly, with units under construction accounting for just 3.3% of total inventory, the lowest share recorded since before the onset of the pandemic in 2020.

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Rents increased 2.3% year-over-year in the most recent quarter, positioning Kansas City once again among the top ten large U.S. markets for rent growth. Occupancy also ticked up 30 basis points, reaching 93.5%, reflecting steady improvement in leasing conditions.

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MARKET OUTLOOK

Kansas City absorbed 1,483 units in Q2 2025, exceeding the pre-pandemic Q2 average of 1,112 units and aligning closely with the 10-year Q2 average of 1,495 units...

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