KC Metro Retail Space Reports

[earthling]

CBRE Q1/2017 retail space report. Curious that The Plaza shows under 1% vacancy, maybe because some closed stores are still paying rent and/or empty spaces have new tenant not yet starting construction (like old McCormick's Grill spot now has Rye contract)? Curious that downtown has the second lowest vacancy. Curious that NoJoCo has highest vacancy in metro. Curious that E KC area has the most retail under construction in metro as well as overe half the metro absorption.

[kboish]

Is East KC really East Jackson Co?

[earthling]

^Yes, given the amount of space and since they don't list Lee's Summit or Independence separately... Is interesting that Eastern Jack had over half the metro retail absorption last quarter.

http://www.cbre.us/o/kansascity/Pages/m ... ports.aspx

[earthling]

On a related note, from Feb 2016 to 2017 the MO side of metro added over 23K jobs. The KS side of metro added only 4500.


https://www.bls.gov/regions/mountain-pl ... _table.htm

[earthling]

Q2/2017 CBRE retail report. Metro improves, Plaza and downtown vacancy up slightly.

http://www.cbre.us/people%20and%20offic ... sas%20city

[earthling]

CBRE Q3/2017 retail report is out...
http://cbre.vo.llnwd.net/grgservices/se ... 25e74be4d5

Downtown and Plaza vacancy still below 2%. Downtown improved to 1.7% and Plaza improved to 1.5%.

[earthling]

CBRE Q4/2017 metro retail report...
https://www.cbre.us/research-results?k=kansas%20city

For those who don't signup for account, here are metro vacancies...
Downtown 2.1%
Plaza 2.9%
KCK 5.1%
Midtown 6%
North KC 6% (leads metro in absorption for that quarter)
N JoCo 7.9%
S JoCo 8.8% (3rd most retail under construction)
E KC/JackCo 8.8% (most retail currently u/c))
S KC/JackCo 11.3% (2nd most retail u/c)

[mgsports]

Catholic Charities opened in former Nuts and Bolts on 135th Street.

[flyingember]

Catholic Charities opened in former Nuts and Bolts on 135th Street.

So the opposite of a vacancy