Net absorption continues to outpace new deliveries, highlighting a favorable demand-supply imbalance, particularly for mid-tier and high-end properties.
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The under construction inventory has declined by 30% from the recent cycle peak, with moderate delivery expectations through 2025 and further declines in 2026.
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Rent growth of 2.0% outpaced the national average, with strong occupancy near 93.5%, led by submarkets like Derby/Haysville and Northwest, while lower-tier properties lag behind.
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MARKET OUTLOOK
The future outlook for the Wichita multifamily market remains positive, supported by strong demand fundamentals and a tightening supply pipeline...
