MARKET SNAPSHOT

Wichita Q3 2026

AVERAGE RENT

$944 Q3 2026

OCCUPANCY RATE

93.1% Q3 2026

NET ABSORPTION

587 T4Q

ANNUAL RENT CHANGE

2.1% Q3 2026

YoY OCCUPANCY CHANGE

30 BPS

UNIT COMPLETIONS

434 T4Q

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KEY TAKEAWAYS
Annual absorption of 587 units has climbed back to the market's 10-year average and outpaced the 434 units delivered over the past year.
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Effective rents rose 2.1% year over year to $944, extending a three-year run of positive annual rent growth, with concessions at just 1.4%.
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Occupancy reached 93.1%, up 20 basis points from a year ago and above the market's pre-pandemic range, as the pipeline has fallen 80% from its 2018 peak.
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MARKET OUTLOOK

Wichita has settled into a position of steady strength. Annual absorption of 587 units has climbed back to its long-run average and now exceeds the 434 units delivered over the past year...

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Colton Howell 2026

Colton Howell

Managing Director

colton.howell@mmgrea.com

richardRedding

Richard Redding

Senior Director

richard.redding@mmgrea.com

Stuart Krous 2024

Stuart Krous

Senior Advisor

stuart.krous@mmgrea.com

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