Matrix Multifamily Kansas City Report-August 2024 August 21, 2024

Rent Growth Powers Through

Kansas City’s average advertised asking rents picked up again during the second quarter, rising 0.6 percent on a T3 basis through June to $1,292, double the U.S. rate. Occupancy was down 90 bps YoY in May, to 94.3 percent, presenting a mixed bag for the market.