Industrial report: KC remains a spec, not build-to-suit, market

The Kansas City industrial market had a promising first quarter that indicates another strong year may be ahead.

According to research by CBRE, the market delivered 1.3 million square feet of industrial space in the first three months. Of that, 82 percent was was built on a speculative basis, meaning it was constructed without a specific tenant in mind.

Joe Orscheln, a vice president in CBRE’s Kansas City office who specializes in industrial, said the market is on the same pace it was at this time…

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Source: Homes and Lifestyle