{"id":3765,"date":"2022-04-11T14:31:47","date_gmt":"2022-04-11T14:31:47","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=3765"},"modified":"2023-09-13T12:13:23","modified_gmt":"2023-09-13T12:13:23","slug":"kansas-city-real-estate-market-trends-march-2022","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/kansas-city-real-estate-market-trends-march-2022\/","title":{"rendered":"Kansas City Real Estate Market Trends\u00a0(March 2022)"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Development Heightens Amid Sustained Demand<\/h2>\n\n\n\n<p>While lacking the headline-making fluctuations that coastal markets went through during recent years,<strong> Kansas City rentals continue to display solid fundamentals<\/strong>. With rents up 7.2% year-over-year and occupancy rising 120 basis points to 95.6%, <strong>the metro stepped into 2022 on the right foot<\/strong>, albeit lagging Sun Belt cities and gateway metros where recovery is reaching full velocity.<\/p>\n\n\n\n<p>One of Kansas City\u2019s brightest spots is its economy, with <strong>unemployment at a very tight 2.5%<\/strong> as of December according to preliminary Bureau of Labor Statistics data, and total employment already surpassing pre-pandemic levels. However, while leisure and hospitality (16,000 jobs), trade, transportation and utilities (13,200) and professional and business services (13,100) registered strong gains, two sectors contracted. This was the case for information, which lost a relatively low 700 positions, as well as financial activities, which contracted by 4,000 jobs.<\/p>\n\n\n\n<p><strong>Development is firing on all cylinders across Kansas City,<\/strong> with 5,048 units completed last year. An additional 7,331 were underway at the start of 2022, nearly 4,000 of which are expected to come online this year. Meanwhile, $936 million in rental assets traded in 2021, in line with the metro\u2019s five-year average.<\/p>\n\n\n\n<p>Read the full <strong><a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/1549-MatrixMultifamilyKansasCityReport-March2022\">Matrix Multifamily Kansas City Report-March 2022<\/a><\/strong><\/p>\n\n\n\n<div style=\"height:45px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Development Heightens Amid Sustained Demand While lacking the headline-making fluctuations that coastal markets went through during recent years, Kansas City rentals continue to display solid fundamentals. With rents up 7.2% year-over-year and occupancy rising 120 basis points to 95.6%, the metro stepped into 2022 on the right foot, albeit lagging Sun Belt cities and gateway [&hellip;]<\/p>\n","protected":false},"author":650,"featured_media":3766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[113,444],"class_list":["post-3765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-kansas-city","tag-multifamily-outlook-2022"],"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 Real Estate Market Trends\u00a0(March 2022) - Yardi Matrix Blog<\/title>\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-real-estate-market-trends-march-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kansas City Real Estate Market Trends\u00a0(March 2022)\" \/>\n<meta property=\"og:description\" content=\"Development Heightens Amid Sustained Demand While lacking the headline-making fluctuations that coastal markets went through during recent years, Kansas City rentals continue to display solid fundamentals. With rents up 7.2% year-over-year and occupancy rising 120 basis points to 95.6%, the metro stepped into 2022 on the right foot, albeit lagging Sun Belt cities and gateway [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/kansas-city-real-estate-market-trends-march-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-11T14:31:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-13T12:13:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/04\/Kansas-City-iStock-1289148962.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=\"Bogdan Odagescu\" \/>\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 Real Estate Market Trends\u00a0(March 2022) - Yardi Matrix Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/kansas-city-real-estate-market-trends-march-2022\/","og_locale":"en_US","og_type":"article","og_title":"Kansas City Real Estate Market Trends\u00a0(March 2022)","og_description":"Development Heightens Amid Sustained Demand While lacking the headline-making fluctuations that coastal markets went through during recent years, Kansas City rentals continue to display solid fundamentals. With rents up 7.2% year-over-year and occupancy rising 120 basis points to 95.6%, the metro stepped into 2022 on the right foot, albeit lagging Sun Belt cities and gateway [&hellip;]","og_url":"https:\/\/www.yardimatrix.com\/blog\/kansas-city-real-estate-market-trends-march-2022\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2022-04-11T14:31:47+00:00","article_modified_time":"2023-09-13T12:13:23+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/04\/Kansas-City-iStock-1289148962.jpg","type":"image\/jpeg"}],"author":"lilianam","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Bogdan Odagescu","Est. reading time":"1 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