Kansas City’s economy continues to show signs of improvement, as seen in several key indicators. Home sales continue to climb as inventories are increasingly lower. The Kansas City area is exporting a variety of goods (including crop production, transportation equipment and chemicals), thus bolstering its manufacturing base and creating new jobs, causing the regional employment rate to trend in a positive direction. The Metro’s industrial real estate market is also staying healthy, with a current overall vacancy rate of 6.1%, down from 6.3% at the end of 2012. This rate is expected to remain steady or decrease through 2013 as the Kansas City industrial market continues to gain traction.
Source : Cushman & Wakefield