Q3 2025 Kansas City Multifamily Report

Market Overview

‍The metro Kansas City multifamily market entered Q3 2025 with solid fundamentals. Average effective rent rose 3.2 percent year-over-year to approximately $1,355, keeping pace above the national average. Occupancy held around 92.8 percent even as deliveries reached 3,792 units year-to-date and net absorption surpassed 2,828 units. With demand tracking pre-pandemic norms and the development pipeline moderating, the market appears poised for moderate growth and stability going into 2026.

‍About Cushman & Wakefield

‍Cushman & Wakefield is a global commercial real-estate services firm offering research, brokerage, valuation, and capital-markets solutions. Their Q3 2025 Kansas City multifamily MarketBeat report compiles metro-level data on rent trends, occupancy, supply/demand metrics and investment activity to help owners, developers and investors align strategy and timing. To read the full report, click here.