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Q4 2019 in the Kansas City region ended with 1.4 million sq. ft. of positive net absorption, bringing the 2019 total net absorption to 6.2 million sq. ft.
Q4 2019 finished with an overall vacancy rate of 4.6%, decreasing by 30 basis points (bps) quarter-over-quarter and 90 bps year-over-year.
A total of over 3.5 million sq. ft. of speculative space broke ground in Q4 2019 coming from 11 separate buildings.