Workforce Down, Vacancy Rate Up In Downtown Kansas City

Kansas City will play host to a week full of entrepreneur-focused events in late June. | Photo courtesy of Creative Commons
Kansas City will play host to a week full of entrepreneur-focused events in late June. | Photo courtesy of Creative Commons

U.S. Census data shows that from 2001 to 2011, the latest year available, greater downtown Kansas City lost 20 percent of its private employees, nearly 16,300 fewer private jobs. That 10-year stretch covers the period from shortly before the downtown redevelopment boom began to just after the major redevelopment projects were completed. The vacancy rate for Class A and B office space was 27 percent in the first quarter, up from 19 percent during the same quarter 10 years ago. That’s 2.3 million square feet of empty downtown office space.

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