{"id":8675,"date":"2024-12-17T13:12:00","date_gmt":"2024-12-17T13:12:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=8675"},"modified":"2025-04-14T13:19:10","modified_gmt":"2025-04-14T13:19:10","slug":"kansas-city-multifamily-market-report-december-2024","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/kansas-city-multifamily-market-report-december-2024\/","title":{"rendered":"Kansas City Multifamily Market Report \u2013 December 2024"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <a href=\"\/blog\/kansas-city-multifamily-market-report\/\"><strong>Kansas City Multifamily Market Report<\/strong><\/a><\/p>\n\n\n<hr \/>\n<h2>Rent Movement Remains Positive<\/h2>\n<p>Kansas City continued to post solid fundamentals, but the metro did not escape the overall economic turbulence, according to the latest Kansas City multifamily market report. The average advertised asking rate was up 0.2% on a trailing three-month basis through October, to $1,301, while the U.S. figure dipped 0.1%, as per the latest <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>national report<\/strong><\/a>. Year-over-year, Kansas City displayed some of the strongest gains among larger markets, at 3.7% as of October. Meanwhile, the metro\u2019s occupancy in stabilized assets marked a 20-basis-point uptick year-over-year, to 94.9%.<\/p>\n<p><iframe id=\"datawrapper-chart-00hnO\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Kansas City vs. National Rent Growth  \" src=\"https:\/\/datawrapper.dwcdn.net\/00hnO\/1\/\" height=\"328\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\n<\/script><\/p>\n<p>Kansas City added 19,300 net jobs in the 12 months ending in August. At 1.4%, the metro\u2019s rate of growth mirrored the national figure. Leisure and hospitality led gains with 7,100 jobs. Unemployment stood at 3.4% as of October, 70 basis points below the U.S. figure, according to preliminary data from the Bureau of Labor Statistics. The list of notable projects underway in the area includes data center and cloud provider Patmos\u2019 second campus, which will cost $1 billion. The company will turn a vacant printing plant into a 100-megawatt facility.<\/p>\n<p><iframe id=\"datawrapper-chart-7mVX1\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Kansas City Employment Share by Sector  \" src=\"https:\/\/datawrapper.dwcdn.net\/7mVX1\/1\/\" height=\"433\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\n<\/script><\/p>\n<p>Developers delivered 3,105 units across Kansas City during the first 10 months of 2024. And while the metro still had an additional 7,919 apartments underway as of October 2024, construction starts have significantly dropped. Meanwhile, investment remained scarce at just $294 million in sales volume, marking the lowest figure of the past decade.<\/p>\n<p>Read the full Yardi Matrix Kansas City Multifamily Market Report <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/6643-MatrixMultifamilyKansasCityReport-December2024\" rel=\"\"><strong>December 2024<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Rent Movement Remains Positive Kansas City continued to post solid fundamentals, but the metro did not escape the overall economic turbulence, according to the latest Kansas City multifamily market report. The average advertised asking rate was up 0.2% on a trailing three-month basis through October, to $1,301, while the U.S. figure dipped 0.1%, as per [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":8221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[113,511],"class_list":["post-8675","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-2024"],"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 \u2013 December 2024 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Advertised asking rents in Kansas City were up 0.2 percent on a T3 basis through October, to $1,301, while the U.S. rate dipped 0.1 percent.\" \/>\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-december-2024\/\" \/>\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 \u2013 December 2024\" \/>\n<meta property=\"og:description\" content=\"Advertised asking rents in Kansas City were up 0.2 percent on a T3 basis through October, to $1,301, while the U.S. rate dipped 0.1 percent.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/kansas-city-multifamily-market-report-december-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-17T13:12:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-14T13:19:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/09\/Kansas-City-iStock-2178856983.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=\"Adina Rogoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Madalina Pojoga\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Kansas City Multifamily Market Report \u2013 December 2024 - 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