SITE SELECTION
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Occupancy Rates
Every attempt has been made to provide current, accurate, and consistent data in this database. There may be some differences due to sources, methodologies, or timing of data-assembly.
The following information was obtained from KS Commercial Real Estate Service, Inc. Each report provides a summary of commercial transactions and is classified by property type, sector and class.
The survey conducted was based on public and proprietary records and includes over 2,400 properties in Topeka market.
Note: The quoted rental rates have been adjusted to reflect the most typical asking rent structure for retail, office or industrial properties
Retail Market Summary - All Classes 2010
| Sector |
Average Rent* |
Total SF |
Vacant SF |
Occupancy |
Absorption |
Total # of Properties |
| Downtown |
$5.49 |
736,271 |
68,061 |
90.76% |
-3,240 |
119 |
| East |
$3.58 |
477,029 |
76,212 |
84.02% |
-11,539 |
102 |
| Midtown |
$10.03 |
1,208,009 |
82,632 |
93.16% |
-2,296 |
209 |
| North |
$10.10 |
1,648,764 |
129,666 |
92.14% |
53,887 |
193 |
| South |
$6.06 |
2,314,707 |
351,032 |
84.83% |
-14,873 |
174 |
| Southeast |
$11.57 |
501,816 |
91,826 |
81.70% |
1,771 |
52 |
| Southwest |
$13.28 |
714,857 |
20,964 |
97.07% |
17,894 |
61 |
| West |
$11.00 |
5,032,073 |
221,722 |
95.59% |
20,118 |
205 |
| Topeka |
$8.78 |
12,633,526 |
1,042,115 |
91.75% |
61,722 |
1,115 |
*The quoted asking rental rates have been adjusted to reflect the most typical rent structure for retail, office or industrial properties. Office rents have been adjusted to reflect a full service gross lease, which includes all operating expenses. "-" indicates insufficient data to make a comparison.
Source: KS Commercial Real Estate, Market Report 2010 |
Industrial Market Summary - All Classes 2010
| Sector |
Average Rent* |
Total SF |
Vacant SF |
Occupancy |
Absorption |
Total # of Properties |
| Downtown |
$3.83 |
332,688 |
281,521 |
91.55% |
-43,595 |
113 |
| East |
$2.15 |
1,751,017 |
99,220 |
94.33% |
-34,100 |
73 |
| Midtown |
$3.36 |
1,145,334 |
67,391 |
94.12% |
-21,582 |
87 |
| North |
$4.52 |
7,756,806 |
111,630 |
98.56% |
-34,866 |
226 |
| South |
$4.15 |
8,061,980 |
1,048,938 |
85.29% |
67,864 |
118 |
| Southeast |
- |
318,308 |
- |
100.00% |
- |
10 |
| Southwest |
- |
56,545 |
- |
100.00% |
6,200 |
4 |
| West |
- |
190,732 |
- |
100.00% |
- |
12 |
| Topeka |
$4.13 |
22,613,410 |
1,608,700 |
92.58% |
-60,079 |
643 |
*The quoted asking rental rates have been adjusted to reflect the most typical rent structure for retail, office or industrial properties. Office rents have been adjusted to reflect a full service gross lease, which includes all operating expenses. "-" indicates insufficient data to make a comparison.
Source: KS Commercial Real Estate, Market Report 2010 |
COMMERCIAL TRANSACTION SUMMARY
| January 1, 2009 - December 31, 2009 |
| Total Transactions |
Property Type |
Total Volume |
Square Feet |
| 114 |
ALL |
$33,254,048 |
1,323,010 |
| |
| COMMERCIAL SALES |
| Number of Sales |
Property Type |
Total Volume |
Square Feet |
| 5 |
Industrial |
$1,840,000 |
74,952 |
| 3 |
Land |
$682,040 |
396,870 |
| 9 |
Office |
$4,926,681 |
389,875 |
| 7 |
Retail |
$2,795,478 |
74,952 |
|
| 24 |
ALL |
$10,244,199 |
885,679 |
| |
| COMMERCIAL LEASES |
| Number of Sales |
Property Type |
Total Volume |
Square Feet |
| 16 |
Industrial |
$2,473,803 |
194,240 |
| 34 |
Office |
$17,512,521 |
132,811 |
| 40 |
Retail |
$3,023,525 |
110,280 |
|
| 944 |
ALL |
$14,106,811 |
428,218 |
| |
| COMMERCIAL ACCOUNTS |
| TOPEKA-LAWRENCE-MANHATTAN-JUNCTION CITY-EMPORIA |
| |
|
Property |
Square Feet |
| Properties listed for sale or lease |
|
161 properties |
67,117,168 |
| Managed Properties |
|
25 properties |
905,596 |
| |
| TOTAL TRANSACTIONS |
| |
Transactions |
Value |
Square Feet |
| Since January 1, 1996 |
1,506 |
$229,219,484 |
66,691,225 |
| Source: Market Report 2010, KS Commercial Real Estate |
Office Market Summary - All Classes 2010
| Sector |
Average Rent* |
Total SF |
Vacant SF |
Occupancy |
Absorption |
Total # of Properties |
| Downtown |
$13.88 |
5,109,220 |
590,397 |
88.44% |
-25,843 |
122 |
| East |
- |
432,015 |
- |
100.00% |
- |
8 |
| Midtown |
$7.77 |
1,799,532 |
143,160 |
92.04% |
-14,581 |
145 |
| North |
$10.00 |
440,029 |
1,170 |
99.60% |
9,900 |
45 |
| South |
$7.53 |
1,548,432 |
425,414 |
72.53% |
38,480 |
114 |
| Southeast |
$4.73 |
51,656 |
3,700 |
92.84% |
-29,259 |
12 |
| Southwest |
$11.46 |
839,548 |
47,554 |
94.34% |
-16,289 |
124 |
| West |
$11.38 |
1,587,226 |
30,224 |
98.10% |
8,644 |
112 |
| Topeka |
$13.23 |
11,807,658 |
1,242,219 |
89.48% |
-28,945 |
682 |
*The quoted asking rental rates have been adjusted to reflect the most typical rent structure for retail, office or industrial properties. Office rents have been adjusted to reflect a full service gross lease, which includes all operating expenses. "-" indicates insufficient data to make a comparison.
Source: KS Commercial Real Estate, Market Report 2010 |
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