BTW, Colliers says KC market came in Top 12 for vacancy improvement between Q2/Q3 2014. The Q4 report should come out soon...
See Page 5...
http://www.colliers.com/-/media/Files/M ... _Final.pdf
MARKET VACANCY-RATE-Q2-2014 VACANCY-RATE-Q3-2014 BASIS-POINT-CHANGE
Stockton, CA 15.66% 14.12% -155
Montréal, QC 8.68% 7.31% -137
New York, NY - Downtown
Manhattan 13.35% 12.20% -115
Greenville, SC 17.72% 16.68% -103
San Jose - Silicon Valley 10.70% 9.77% -94
Los Angeles, CA 17.97% 17.07% -90
Stamford, CT 20.97% 20.11% -86
San Francisco, CA 8.28% 7.46% -82
New York, NY - Midtown
Manhattan 11.39% 10.57% -82
Kansas City, MO 12.37% 11.60% -77
NORTH AMERICA 13.33% 13.11% -22
Also see Page 10 for downtown leasable space comparisons (though it looks like they are really urban core comparisons as Midtown/Plaza seems to be included)
Downtowns - Class ABC leasable space
MARKET TOTALSQFT VACANCY
Chicago, IL...........15.8M 12.08%
Cincinnati, OH......18.7M 15.39%
Cleveland, OH .....32.5M 17.21%
Columbus, OH .....19.5M 9.51%
Detroit, MI............26.4M 17.00%
GrandRapids, MI...5.3M 15.64%
Indianapolis, IN... 22.5M 9.62%
KansasCity, MO...34.4M 13.40%
Milwaukee, WI ....18.7M 12.54%
Minneapolis, MN..31.5M 12.34%
Omaha, NE.............6.5M 6.93%
St.Louis, MO........23.3M 19.49%
St.Paul, MN.........11.7M 13.51%
Midwest Total...408.7M 13.28%
Downtown KC has a lot more leasable space primarily because it has a great deal of functional Class B space.