Downtown Wichita Office Space

Downtown Wichita

Office Space Market Report

Number of Listings (last 90 days)
30
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
4,320
As of: July 27, 2017

Downtown Wichita Rates

On average, listings lease in the $20's per square foot per year. The Downtown Wichita region is going through a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% increase in rent.

Downtown Wichita Listing Supply

In the last 90 days, 30 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 27% of the listings in the Downtown Wichita are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 4,320 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this market were built in 1955 and are Class B.

Downtown Wichita Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by bike is the most popular way to get to work amongst Downtown Wichita occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown Wichita.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Wichita.
Research