KCRag Forum

normalthings wrote: ↑Wed Jul 29, 2020 1:09 am Berkadia: Metro rental demand is up 30% since March as rents have continued to increase. Berkadia notes KC has specifically been attracting wealthy, highly educated, and tech workers types to the core. Metro occupancy rates have dipped slightly but it is attributed to the completion of many new buildings.

normalthings wrote: ↑Fri Jul 31, 2020 4:42 pm Business Insider ranked KC as the #1 city for Work From Home.

https://www.businessinsider.com/best-ci ... r-own-boss

- Cost of living (40%): One perk of remote work is that your salary could stretch further if you move somewhere with a lower cost of living. We’ve weighted this factor more heavily than others, as it will have a big impact on your lifestyle and the options for affordable real estate in the area.
- Wi-Fi speed (20%): You’ll need reliable Wi-Fi if you don’t want your Zoom calls to lag. And while you’re at it, check out the other top tools that make remote workers successful, and find out how to lower your internet bill.
- Delivery options (10%): What’s the point of living somewhere your salary stretches further if you can’t use the extra money to order a vat of sushi or baked pasta to be delivered to your door every weekend? We’ve got you covered with the comfort of delivery from a selection of nearby restaurants.
- Parks per capita (10%): When you’re ready to walk off all the grub, you’ll need green space so you have room to exercise.
- Proximity to a major airport (10%): As much as we think you'll love these cities, we know how important it is to get away from time to time. COVID-19 might be slowing down travel plans right now, but when you're ready to vacation, you'll be ready to fly.
- Affordable three-plus-bedroom homes on the market (10%): We assessed the percentage of three-plus-bedroom homes available below the median home price in the area to ensure you would have plenty of options for home buying within your budget.

A low cost of living and above average broadband speeds make Kansas City ideal for remote work, and you’ll find a vibrant arts scene and plenty of options for dining. Kansas City is known for its barbecue restaurants and local distilleries.

earthling wrote: ↑Mon Aug 17, 2020 6:34 am With metro areas like NYC and SF Bay areas experiencing an exodus partly due to COVID directly and partly due to expanded work from home/anywhere allowing many to leave, I wonder if KC is attracting some of them. KC housing is getting tighter despite uptick in home construction and while growing supply of apts is slightly higher than demand there is still uptick in demand.

KC is not hit as hard with job losses but still significant losses so something is offsetting, such as WFH outsiders moving in and maybe retirees as well? Could also be attracting unemployed leaving more expensive cities with no job in KC. Will be interesting to see 2020 migration data next Spring.

earthling wrote: ↑Mon Aug 17, 2020 8:51 am ^For homes. That impacts the pricing however home sales this July were higher than any month over last year+ too. New home construction starting to pick up but seems most want existing homes in established neighborhoods.

earthling wrote: ↑Mon Aug 17, 2020 8:51 am ^For homes. That impacts the pricing however home sales this July were higher than any month over last year+ too. New home construction starting to pick up but seems most want existing homes in established neighborhoods. For apts, supply is keeping up with demand, slightly higher than demand.

DaveKCMO wrote: ↑Mon Aug 17, 2020 10:18 am

earthling wrote: ↑Mon Aug 17, 2020 8:51 am ^For homes. That impacts the pricing however home sales this July were higher than any month over last year+ too. New home construction starting to pick up but seems most want existing homes in established neighborhoods. For apts, supply is keeping up with demand, slightly higher than demand.

Huge SFH infill opportunity, which KCMO will continue to squander (because it's too hard to do).

earthling wrote: ↑Wed Jul 29, 2020 8:57 am ^Yeah even though occupancy down the report says absorption/demand still pretty solid given COVID (difficulty to show). Delivered units even higher so slight drop in occupancy. Central KCMO represented half delivered units of metro in Q2 and well over 1/3 the absorption/demand.

https://www.berkadia.com/wp-content/upl ... s-City.pdf


In comparison, STL City/CWE had few deliveries Q2 and negative absorption.

earthling wrote: ↑Fri Nov 06, 2020 1:44 pm It doesn't break out downtown from Central KCMO but Central KC blew out rest of metro with new units, 8.8% increase for Central KC vs. 2.8% for metro.