Rankings, lists, and such

KC topics that don't fit anywhere else.
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warwickland
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Re: Rankings, lists, and such

Post by warwickland »

WSPanic wrote:
Mon Oct 21, 2019 1:09 pm
LOL. I was JUST about to post something about that "unironic finger pointing" comment. Well done, Warwick :)
haha well i didn't want to stir things up too much so erased it :lol:

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KCtoBrooklyn
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Re: Rankings, lists, and such

Post by KCtoBrooklyn »

Here is a look at the Census Bureau's info on building permits by metro area, through October 2019. I'm not sure how accurate/complete these numbers are. I have included our Midwest peer cities, as well as KC in 2018 through October.

Image

It looks like KC is doing pretty well. Only Indy has more total permits, largely based on a high number of single family homes. KC has the most multi-family units by a fair measure.

The KC total numbers are down from 2018, but large apartment units are up.

I'm a little surprised we are ahead of Columbus. It seems like I always hear about it being a hot growth city. St. Louis seems like they are doing a little better than they have been recently.

langosta
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Re: Rankings, lists, and such

Post by langosta »

KCtoBrooklyn wrote:
Thu Dec 19, 2019 5:59 pm
Here is a look at the Census Bureau's info on building permits by metro area, through October 2019. I'm not sure how accurate/complete these numbers are. I have included our Midwest peer cities, as well as KC in 2018 through October.

Image

It looks like KC is doing pretty well. Only Indy has more total permits, largely based on a high number of single family homes. KC has the most multi-family units by a fair measure.

The KC total numbers are down from 2018, but large apartment units are up.

I'm a little surprised we are ahead of Columbus. It seems like I always hear about it being a hot growth city. St. Louis seems like they are doing a little better than they have been recently.
I want to see those SFH permits at 0 and everything else up by 4K+

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KCtoBrooklyn
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Re: Rankings, lists, and such

Post by KCtoBrooklyn »

langosta wrote:
Fri Dec 20, 2019 3:07 pm
I want to see those SFH permits at 0 and everything else up by 4K+
I wouldn't want to see SFH at 0. We do have a low inventory of homes for sale and new construction keeps prices from skyrocketing too much.

I especially don't mind seeing new SFH infill in urban areas where multifamily doesn't fit. I'm sure it still makes up a tiny percentage of all permits, but it seems like urban SFH infill activity is at the highest level I have ever seen.

Also, we do have the lowest percentage of SFH permits of our peers, right about 50%. Compare that to places like STL at 73%, Indy at 72%, Cleveland at 86%.

brewcrew1000
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Re: Rankings, lists, and such

Post by brewcrew1000 »

All of the SFH permits are most likely up north or down south

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normalthings
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Re: Rankings, lists, and such

Post by normalthings »

Per Downtown KC 2019 Annual Office Summit.

Cities that are attracting foreign money today

Major markets, i.e., Chicago ($9.B), New York ($34B), Dallas ($8B), Seattle ($6B), Los Angeles ($14B)
Secondary markets (KC’s peers) like Honolulu ($3B), Cincinnati ($2B), Austin ($3B), San Antonio ($1B) – “…drawing foreign money like crazy”
Kansas City – currently ($120M)

International investment – percent of total, 2015-2019
Cincinnati #1 at 21.7%; Austin #2 at 15.6%
KC ranks 9th of 9 peers with 4.7%


Annual Job Growth – Next 5 years
KC projection, 0.5% … lowest among the 9 peer cities

Education – % with 4-year degree
KC projection, 34% – ranks 6th among peers

Tech talent rank –
Nationally, San Francisco is #1; Austin #6
KC rank – #32 among all cities; 5th among the 9 peers

Office market size
KC ranks 2nd among peers at 40M square feet

Office development (% of existing inventory)
Austin leads peer cities with 8.3%
KC ranks 6th at 1.4%

Average office rent
KC and most peer cities: $21/ft
San Antonio – getting $21 for old space; $60/ft for new space *KC is closing this gap with WR*

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ToDactivist
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Re: Rankings, lists, and such

Post by ToDactivist »

Really depressing figures but expected given the lethargic office market at large still, just robbing from each other mostly. Were it not for Mahomes, the mood would be abysmal. Have said it before but just doing the same as peers is not going to pull KC out of the vortex. BIG BOLD thinking and action will. Media-grabbing, nation-leading efforts will. Free transit is a start. Lucas/Everytown litigation is another. Violent crime must be contained or you can kiss significant outside investment goodbye. A WPA-like work project might be interesting in both employing otherwise idle minds/hands. Maybe building upon KC's core strength of logistics and location with high speed rail N, S, E and maybe W or better ideas???

Is KC going to be relegated to a "show me" type of follower mentality, or can it be changed to "show them"? Look, I'm not a local so I feel bad even commenting but I am invested in its future, be that as it may.

langosta
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Re: Rankings, lists, and such

Post by langosta »

ToDactivist wrote:
Tue Jan 07, 2020 8:53 pm
Really depressing figures but expected given the lethargic office market at large still, just robbing from each other mostly. Were it not for Mahomes, the mood would be abysmal. Have said it before but just doing the same as peers is not going to pull KC out of the vortex. BIG BOLD thinking and action will. Media-grabbing, nation-leading efforts will. Free transit is a start. Lucas/Everytown litigation is another. Violent crime must be contained or you can kiss significant outside investment goodbye. A WPA-like work project might be interesting in both employing otherwise idle minds/hands. Maybe building upon KC's core strength of logistics and location with high speed rail N, S, E and maybe W or better ideas???

Is KC going to be relegated to a "show me" type of follower mentality, or can it be changed to "show them"? Look, I'm not a local so I feel bad even commenting but I am invested in its future, be that as it may.
It looks like a reason for our sluggish office growth is our oversized existing supply.

earthling
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Re: Rankings, lists, and such

Post by earthling »

Likely because KC's downtown is more affordable than others..
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