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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: 1-Nov-2010
Market Overview
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* 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) $ 13.00 $ 16.25 $ 14.65 7.0% N/A
Class B (Secondary) $ 9.00 $ 12.00 $ 10.50 15.0% N/A
 
Suburban Office
New Construction (AAA) $ 23.00 $ 25.00 $ 24.00 4.5% N/A
Class A (Prime) $ 15.00 $ 22.00 $ 18.50 8.5% N/A
Class B (Secondary) $ 12.00 $ 13.00 $ 12.50 15.0% N/A
 
Industrial
Bulk Warehouse $ 3.00 $ 4.50 $ 3.75 8.0% N/A
Manufacturing $ 3.50 $ 5.00 $ 4.25 10.0% N/A
High Tech / R&D $ 5.00 $ 8.00 $ 6.50 5.6% N/A
 
Retail
Downtown $ 6.00 $ 12.00 $ 10.00 12.6% N/A
Neigborhood Service Centers $ 8.00 $ 12.00 $ 10.00 9.0% N/A
Community Power Center $ 12.00 $ 22.00 $ 15.00 6.0% N/A
Regional Malls N/A N/A N/A N/A N/A

Development Land Low () High ()
Office in CBD $ 180,000 $ 800,000
Land in Office Parks $ 170,000 $ 400,000
Land in Industrial Parks $ 65,000 $ 150,000
Office/Industrial Land - Non-park $ 150,000 $ 225,000
Retail/Commercial Land $ 216,000 $ 800,000
Residential $ 4,000 $ 18,000

 

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