MARKET SNAPSHOT

Kansas City Q3 2026

AVERAGE RENT

$1,384 Q3 2026

OCCUPANCY RATE

92.8% Q3 2026

NET ABSORPTION

4,410 T4Q

ANNUAL RENT CHANGE

1.7% Q3 2026

YoY OCCUPANCY CHANGE

20 BPS

UNIT COMPLETIONS

4,233 T4Q

DOWNLOAD THE FULL REPORT
KEY TAKEAWAYS
Renter demand in Kansas City continues to strengthen, with net absorption more than doubling year over year in Q3 2026 and trailing 12-month absorption now nearly matching new completions, a marked improvement from the wide imbalance recorded a year earlier.
Click Here
The construction pipeline is contracting meaningfully, with under construction volume at its lowest level since 2018 and trailing 12-month starts down 25% from a year ago, positioning the market for a more favorable supply-demand balance into 2027.
Click Here
Occupancy improved to 92.8% in Q3 2026, outperforming several regional peers, while core growth submarkets Johnson County and Outlying Jackson County held occupancy above 91% despite absorbing the bulk of the market's active construction pipeline.
Click Here
MARKET OUTLOOK

Kansas City's rental market continued moving toward a more balanced supply-demand environment in Q3 2026. Trailing 12-month absorption now roughly matches new deliveries, a marked improvement from the sizable absorption shortfall recorded a year earlier...

Featured Kansas City Research Reports:

READ THE FULL REPORT
Headshot Corporate Business Portrait for MMG at Fontaine Hotel in Kansas City by Kevin Ashley Photography I Kansas City and Overland Park Headshot Photographer. Headshots, Portraits, Weddings and Commercial Photography.

Harry Trotter

Regional Managing Director

harry.trotter@mmgrea.com

TJ Wahl_2025

TJ Wahl

Managing Director

tj.wahl@mmgrea.com

Colson-Bayles

Colson Bayles

Senior Advisor

colson.bayles@mmgrea.com

Parker Guffey

Parker Guffey

Associate Advisor

parker.guffey@mmgrea.com

To gain further insights into the Kansas City market, contact our local team:

Please complete the form to gain access to the Kansas City Quarterly Report

Have a question?
Send us a message!

MMG Real Estate Advisors
Powered by  GDPR Cookie Compliance (opens in a new tab)
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.