Pandemic no hurdle for Kansas City industrial market: Region celebrates a booming year in 2021
The industrial sector has surged during the last year in the biggest markets in the Midwest. Kansas City is no exception. Fueled in part by the rush of consumers to online shopping during the COVID-19 pandemic, Kansas City’s industrial market enjoyed a boom year in 2020. And so far? This year looks just as strong.
Consider this number: 8.9 million square feet. That’s how much industrial space was under construction in the Kansas City market as of the end of the first quarter of this year, according to research from CBRE. CBRE also reported that 2.7 million square feet of industrial space was completed in the first quarter. In total, more than 15 million square feet of industrial buildings are on track to be completed in 2021. That would be a record for the market.
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