Ep. 8: CoStar October 2024 Report | Jobs, CRE Sectors & Outlook

Guest:

Host:

In Episode 8 of The Kansas City Market Pulse, host Logan Freeman sits down with Blaise Tomazic, Director of Market Analysis at CoStar, to unpack the CoStar October 2024 State of the Market Report. Get the latest insights on employment, absorption rates, and sector-by-sector trends shaping Kansas City’s commercial real estate.

Episode Highlights:

Kansas City CRE by the Numbers: CoStar’s take on local absorption levels, sublet space decline, and the performance of office, retail, multifamily, and industrial sectors.
Macro & Micro Trends: How unemployment, job growth, and population shifts are influencing supply, demand, and asset values.
Sector Deep Dive: What's happening with office softness, booming retail demand, and multifamily absorption surging nearly 75% year-over-year.
Industrial & Sublet Insights: Why sublet spaces are shrinking and what that signals for the office market’s stabilization.
Future Watch: How the latest jobs report and broader economic signals might steer interest rates and CRE pricing outlooks.

This episode is a must-listen for brokers, investors, and developers seeking a data-driven, locally focused forecast of KC’s commercial real estate landscape in 2024 and beyond.

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