Multifamily has proven historically to be among the most solid of investments. The 2024 figures show that the Wichita market has remained strong and stable.

The 2024 NAI Global Market Facts & Trend Report was put together for our professionals and clients not just to show the extensive reach of the NAI network, but to also provide insights into what is happening across the real estate markets from which we operate.

New development in the Wichita MSA decreased from 2020 through 2022 with under 1,000 unites completed during this three-year period due to COVID-19, followed by pricing increases on construction materials and labor shortages.

New development in the Wichita market was steady from 2013 to 2019, adding approximately 650 units to the market each year. However, development experienced a sharp decline from 2020 through 2022 with under 1,000 units completed during this three-year timeframe.

Multifamily investments in the Wichita MSA stayed strong through the end of 2020 and throughout 2021. The total value of transactions in the market hit a record level in 2020, and the 2021 surpassed it.

NAI Martens – one of the state’s largest commercial real estate brokerage firms – has taken the next step in its leadership transition by elevating Steven J. Martens, CPM, CCIM, SIOR, to the position of Chairman, and naming Tom Johnson, CRE, as In-House Counsel.

We’ve all seen how the Covid-19 pandemic gave the industrial sector the shove it needed to go from well-poised to interstellar.

A recent report from data provider LightBox suggests there is dawning but cautious optimism among commercial real estate (CRE) professionals when it comes to the prospects of the hospitality sector.

New development in the Wichita market was steady from 2013 to 2019, adding approximately 650 units to the market each year. However, development experienced a sharp decline in 2020 with just over 300 units completed.

Our Q3 2021 Retail Core Report provides an update on how retail in the downtown area is fairing.

Check out our latest market update, featuring trends and statistics for the second quarter of 2021 in the office, industrial and retail markets.

Take a look at our 2021 Industrial Mid-Year Report and review some of the trends, transactions and developments taking place in Wichita's industrial market.