Trailing 12-month deliveries of 571 units have outpaced absorption of 217 units, though quarterly momentum improved to 182 units in Q2 2026 from 109 in Q1, and new starts have collapsed to just 72 units.
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The construction pipeline is downshifting sharply, with 332 units under construction (0.9% of inventory) and trailing 12-month starts declining 88% from 580 one year ago, positioning the market for a lighter delivery environment by mid-2027.
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Rents have grown 2.7% year-over-year to $946 per unit, while stabilized occupancy of 92.6% reflects a 60 basis point annual decline offset by a 20 basis point sequential gain.
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MARKET OUTLOOK
Wichita's supply cycle is past its peak, though the market is still working through the tail end of an unusually large delivery wave...
