When it comes to areas of growth in Kansas City’s real estate market, the commercial real estate market has expanded exponentially in popularity. Commercial real estate business in Kansas City is definitely improving. One reason is the health of the auto suppliers here. Auto suppliers have rented more than 3 million square feet of space in the last 24 months. New spec buildings are being built and leasing out space to companies, with big scale workplaces like the General Services Administration and the U.S. Department of Agriculture, as well as the USDA Animal and Plant Health Inspection Service. These companies and the auto industry have kept activity high within the Kansas City commercial real estate market.

But those aren’t the only companies seeing growth and success. Retail is seeing some good redevelopment taking place. The new IKEA store in Merriam is under construction now, which is a large absorption of retail commercial space. Offices in the area are also a popular market, as the existing availability is not enough to meet the needs of prospective business tenants, and as companies expand, the job market will strengthen as well. As employment strengthens, the community as a whole will continue to flourish.