Approximately 2,100 apartment units are under construction in and near downtown Kansas City. And that’s not counting another 1,500 or so units that have been announced but not yet started.
Is it too much? Will supply exceed demand? Only time will tell. But planning experts think the developers — many of them attracted to Kansas City from out of town — have good odds for success.
“Downtown occupancy is at 97 percent right now,” said Tommy Wilson, who keeps track of such numbers at the Downtown Council.
Wilson said that the greater downtown area’s residential population, estimated at about 24,000 now, could rise to nearly 29,000 with the announced apartments. Five years out, the best guess indicates that nearly 33,000 people will call the core home.
Read more: Kansas City Star