Positive Outlook for Kansas City Commercial Real Estate Market

A leading fundraising professional and serial entrepreneur, Neal Martin Zeavy has coordinated fundraising efforts for nonprofit organizations across California. In addition to raising more than $100 million for charitable causes, Neal Martin Zeavy serves as president of Zeavy Development, a commercial real estate firm with holdings in up-and-coming markets such as Richmond, Virginia, and Kansas City, Missouri. 

Since the 2000s, Kansas City has undergone a downtown and urban real estate development boom, one similar to those experienced by other populous cities such as Denver and San Diego, if on a smaller and more extended scale. The growth is driven by an influx of transplants, the majority of whom moved to the city from other areas of Missouri and bordering states. 

While this population growth has primarily translated into accelerated suburban development, shifting housing demands of both retiring boomers and professional Millennials are driving residential development in the downtown core. 

Further, large technology focused companies, keen to attract talent, are moving into well-placed office spaces close to the central Kansas City neighborhoods their candidates prefer. This has decreased vacancy rates and raised average leasing prices for much of the downtown area.

Combined, these dynamics have prompted real estate experts to identify Kansas City as a high-potential market for 2019.