Q1 2019 Wichita Market Update
We are glad to present our Q1 2019 Wichita Market Update. Learn about the trends and statistics the commercial real estate market saw during the first quarter!
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COMPREHENSIVE RESEARCH ON MARKETS AND SUBMARKETS THROUGHOUT THE WICHITA MSA
The Martens Companies provide trends and forecasts of rent, vacancy and inventory for Apartment, Office, Medical Office, Retail, Warehouse/Distribution, Flex/R&D, General Industrial, and the major Aircraft Campuses. Because overall metro averages often conceal significant variations from neighborhood to neighborhood, we report on submarkets across the Wichita metro and Derby. We develop trends and forecasts from property-level data collected by our team of real estate analysts, advisors and appraisers during telephone interviews with building owners and managers as well as property tours and personal inspections. Our team monitors the local business press and cross-checks our research against the perspectives of local brokers, developers and other commercial real estate professionals. This complete view of the market, including differing perspectives, provides our clients with valuable decision-making information.
HISTORICAL, REAL-TIME DATA, NOT JUST AN ANNUAL SNAPSHOT
Reliable historical trends and forecasts are the cornerstone of any accurate market analysis. The Martens Companies have been working in commercial real estate in Wichita since 1948 and have been keeping real-time databases of the Wichita market since the early 1990s. We have published an annual forecast since 2001, but there is no quicker way to get a detailed picture of current and projected Wichita market conditions than reviewing our quarterly market reports.
ACCURATE, UP-TO-DATE INFORMATION
For every submarket across the primary properties, we offer overviews of trends; describing current conditions, asking rents, notable construction projects announced and completed, and sales and lease activity. Metrics analyzed include market composition, submarket distribution, asking rents, vacancy absorption, inventory levels and new construction.
ABOUT NAI MARTENS
NAI Martens is the largest full-service commercial real estate firm in Kansas. Founded in 1948 and headquartered in Wichita, NAI Martens provides a vast array of commercial real estate services throughout south-central Kansas and Topeka. NAI Martens is led by CEO Steve Martens, CCIM, CPM, SIOR and President Tom Johnson, CRE – two industry veterans with 80 years of combined commercial real estate experience. Commercial real estate services include brokerage, appraisal, property management, consulting, site selection, highest-and best use analysis and more.
To learn more, visit www.naimartens.com
ABOUT NAI GLOBAL
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of over 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world. NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more, visit www.naiglobal.com