Kansas City Office Market Report

Shift to CBD accelerates. For the first time since 2020, vacancy in the CBD dropped below suburban levels, reaching about 11 percent, down from 12 percent last year. Major tenants such as Fidelity and Conexon are planning to upsize their downtown offices in 2026, which, coupled with limited completions in the area, should allow vacancy to continue shrinking this year. Even as the CBD continued to gain momentum, areas like Overland Park remain the cornerstone of the market. Overland Park vacancy fell by more than 100 basis points in 2025, reflecting steady suburban demand for accessible, cost-efficient space. Meanwhile, about 90 percent of 2026 deliveries are outside the CBD, with submarkets such as South Kansas City, East Jackson County, and North of the River receiving more than 500,000 square feet of space. Single-digit vacancy rates signal developers’ confidence in continued demand prospects.