Jul
14
Yardi Matrix: New Life for Kansas City
ByMultifamily Summer Report 2016: Revitalization projects are luring residents and developers downtown and breathing life into a slow-moving Midwestern market.
Kansas City rent evolution, click to enlarge
Kansas City might not be the first metro that comes to mind when the topic of urban living comes up, but revitalization projects are luring residents and developers downtown and breathing life into a slow-moving Midwestern market. Millennials and empty nesters are choosing to rent in the metro’s center. The city is paving the way, with a downtown streetcar transit system and approval of redevelopment projects to help create a live-work-play lifestyle and boost demand for apartments. The trend is set to continue, since more than 6,300 units are currently under construction and another 16,000 are on the drawing board.
Though the metro is trailing the nation in job growth, it is a regional center for business services, trade and health care. The local economy is expected to improve further, as large employers such as Cerner Corp. and United Parcel Service have announced significant expansion plans…
Copyright © 1999 - 2025 Tony Seruga | All Rights Reserved
Affiliates |
Privacy |
Refunds |
Legal & Policies