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Wichita, Kansas

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI John T. Arnold Associates, Inc.
Last Updated: 28-Oct-2009		 Market Overview
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Market Research

* Click on each category for a detailed definition.
Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) N/A N/A N/A N/A N/A
Class A (Prime) $ 11.00 $ 16.50 $ 14.00 9.0% 7.5%
Class B (Secondary) $ 9.00 $ 11.00 $ 10.00 17.0% 8.5%
 
Suburban Office
New Construction (AAA) $ 23.50 $ 27.00 $ 25.00 4.5% 7.0%
Class A (Prime) $ 18.00 $ 21.00 $ 19.00 8.5% 7.5%
Class B (Secondary) $ 11.00 $ 13.50 $ 12.00 15.0% 8.0%
 
Industrial
Bulk Warehouse $ 2.50 $ 3.75 $ 3.50 8.0% 8.5%
Manufacturing $ 3.50 $ 6.00 $ 4.00 10.0% 10.0%
High Tech / R&D $ 7.00 $ 11.00 $ 10.00 5.6% 9.0%
 
Retail
Downtown $ 6.00 $ 12.00 $ 10.00 12.6% 8.5%
Neigborhood Service Centers $ 12.00 $ 16.00 $ 14.00 9.0% 8.0%
Community Power Center $ 10.00 $ 22.00 $ 15.00 6.0% 7.0%
Regional Malls N/A N/A N/A N/A N/A

Development Land Low (Price/Acre) High (Price/Acre)
Office in CBD $ 200,000 $ 900,000
Land in Office Parks $ 190,000 $ 450,000
Land in Industrial Parks $ 70,000 $ 165,000
Office/Industrial Land - Non-park $ 170,000 $ 250,000
Retail/Commercial Land $ 240,000 $ 960,000
Residential $ 5,000 $ 20,000

 

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