{"id":2824,"date":"2022-01-06T13:11:00","date_gmt":"2022-01-06T13:11:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=2824"},"modified":"2023-09-21T11:07:06","modified_gmt":"2023-09-21T11:07:06","slug":"kansas-city-multifamily-market-report-fall-2021","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/kansas-city-multifamily-market-report-fall-2021\/","title":{"rendered":"Kansas City Multifamily Market Report [Fall 2021]"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Kansas City Expects a Bright Recovery<\/h2>\n\n\n\n<p><strong>Kansas City\u2019s multifamily market continued its path to recovery<\/strong> that began during the summer. As of October, rents in the metro were up 0.6% on a trailing three-month basis, to $1,099, below the $1,572 national average. RBN assets remained in constant demand, while Lifestyle growth accelerated over the past two quarters. Year-over-year, rents in Kansas City were up 7.0%.<\/p>\n\n\n\n<p>Unemployment in the metro reached 3.5% in September, according to Bureau of Labor Statistics preliminary data, highlighting the city\u2019s eagerness to recover ground lost in 2020. Some 48,900 net jobs were gained over a 12-month period ending in August, up 5.0%. The leisure and hospitality sector added the most jobs (20,800), but the metro\u2019s largest sectors\u2014trade, transportation and utilities, and professional and business services\u2014also saw positive gains. Of the $194 million granted through the American Rescue Plan Act, Kansas City has received half, with the second distribution expected in May. The city committed more than $15.6 million to support disproportionately impacted communities.<\/p>\n\n\n\n<p>Developers shifted their focus due to the increased demand for Lifestyle properties. Kansas City had 7,492 units under construction as of October, with the Lifestyle segment comprising 93.9% of the pipeline. Investment sales generated $471 million over the first ten months of the year.<\/p>\n\n\n\n<p>Read the full <strong><a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/1378-MatrixMultifamilyKansasCityReport-Fall2021\">Matrix Multifamily Kansas City Report-Fall 2021<\/a><\/strong><\/p>\n\n\n\n<div style=\"height:46px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Kansas City Expects a Bright Recovery Kansas City\u2019s multifamily market continued its path to recovery that began during the summer. As of October, rents in the metro were up 0.6% on a trailing three-month basis, to $1,099, below the $1,572 national average. RBN assets remained in constant demand, while Lifestyle growth accelerated over the past [&hellip;]<\/p>\n","protected":false},"author":650,"featured_media":2825,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,28],"tags":[113,221],"class_list":["post-2824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-news","tag-kansas-city","tag-multifamily-outlook-2021"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kansas City Multifamily Market Report [Fall 2021] - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Kansas City\u2019s multifamily market continued its path to recovery that began during the summer. As of October, rents in the metro were up 0.6% on a trailing three-month basis.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/kansas-city-multifamily-market-report-fall-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kansas City Multifamily Market Report [Fall 2021]\" \/>\n<meta property=\"og:description\" content=\"Kansas City\u2019s multifamily market continued its path to recovery that began during the summer. As of October, rents in the metro were up 0.6% on a trailing three-month basis.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/kansas-city-multifamily-market-report-fall-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-06T13:11:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-21T11:07:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/01\/Kansas-City-iStock-1295113389.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lilianam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tudor Scolca-Seusan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Kansas City Multifamily Market Report [Fall 2021] - Yardi Matrix Blog","description":"Kansas City\u2019s multifamily market continued its path to recovery that began during the summer. 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