Spotlight Series: Kansas City
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You can also find out more about us on our website. SHARE, we understand the essence of strategic investment – finding hidden gems that promise profitability and sustainability. After thorough market research, we’re excited to expand the portfolios of our clients into Kansas City. The city is known for its affordability, rental demands, and investor friendly policies. In this Spotlight Series we explore the reasons behind our decision to invest in Kansas City and why it should be on investors’ radars.
🔗Renovation Opportunity in the Heart of Kansas City
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Kansas City is a goldmine of investment opportunities. With a median home price of $250,000, Kansas City offers a great investment opportunity.e of $237,778Compared to the national average $355,390Housing prices are on the rise 6% cheaper than average U.S.. This entry offers a way to enter.Investors looking for high returns in a major metropolis without the exorbitant cost will find this a good option.
Rent Demand is High
About 46% of all housing units are occupiedRenter-occupied homes are prevalent in Kansas City. This is a sign of a strong rental market. We’ll take a closer look at the key factors that drive demand for rental housing in KC.
Central Location
Kansas City is Missouri’s largest city and the 6th-largest in the Midwest. Kansas City spans over two states and 18 counties. It also includes 50 communities. This area has a total population of 2.16 millions. According to GoBankingRatesKansas City is ranked seventh on the list of cities with the fastest growth and lowest cost. A business-friendly environment allows companies to benefit from two tax structures in the state, double incentive programs and urban or suburban location options. Amazon, Niagra Bottling & Niagra, Chewy and Walgreens, among others, are already based in the Kansas City area.
Local Economy
Kansas City’s economic diversity is a strength, with no one sector dominating the economy more than another. 15% of total employment. This diversified economy enhances resilience and reduces the risks associated with dependence on one industry. This resilience is bolstered through a low cost-of-living and a low wage. Unemployment rate of 3,1% (as at February 2024)., compared with the national average of 3,8%.
Over the past decade, the number of highly educated people in KC has increased at a rapid rate Three times higher than the total population. This influx enriches the labor force and encourages innovation across all sectors.
A Global Presence
Major corporations have noticed the favorable conditions and many have chosen to Establish your headquartersIn Kansas City. Examples include American Century Investments. Garmin. Dairy Farmers of America. Hallmark Cards. Interstate Bakeries. Their presence highlights the city as a hub of business and commerce.
Global Tech Presence
Kansas City is quickly becoming a tech powerhouse, ranking third in the U.S. for fastest-growing tech markets. It has the highest number of tech jobs per person among major metropolitan areas. 102,000 tech jobs and more than 3,900 established tech companies.
Kansas City’s business friendly environment, central location and exceptional connectivity are the reasons why major companies and brands choose to locate in Kansas City. Google Fiber has made Kansas City the most connected region of the U.S. by deploying over 5.5 million fiber miles. Google announced in March 2024 plans to invest a significant amount of money into the region. $1 billion spent on a data center aimed at advancing the company’s artificial intelligence efforts. This project is expected create over Construction of 1,000 jobs and 1,400 positions at completion.
Meta’s decision to open a new tech hub in 2022 has added to the city’s appeal. Hyperscale data center worth $800 MillionKansas City is expected to be operational by 2024. Meta cited the excellent infrastructure of Kansas City and its fiber accessibility as important factors in their decision. This development will provide over 1,400 new jobs to the local area, further cementing Kansas City’s status as a growing tech hub.
Automotive Sector
Over the last decade, Kansas City has experienced significant economic growth due to investments in the automotive industry. This investment boom has attracted automotive companies to the area. Kansas City, a leading automotive logistic hub, is home to major players such as Ford and General Motors along with more than 70 other auto industry supply companies, collectively generating more than Local economy to create 21,000 jobs.
Ford’s presence is particularly notable in Kansas City, as its local plant is the most productive Ford plant worldwide. In response, Ford has committed $95 million to a new investmentTo upgrade its local manufacturing operation, with the aim of creating an additional shift. This will create more than 1,000 jobs.
Distribution
Kansas City’s excellent infrastructure, which includes highways and interstates as well as railways, a large airport, and public transport systems, makes it the most centrally situated city in America. This strategic advantage drives both the distribution and ecommerce sectors of the American economy. According to CBRE’s Kansas City reportThe city is home to the largest rail center by tonnage in the U.S., while Kansas City International Airport processes more air cargo than any other air hub in a six state region.
Approximately 5.9% of the workforce in the Kansas City region is employed in the transportation/warehouse industry, surpassing national average of 4.7%. Kansas City’s strong infrastructure and workforce underscores its pivotal role as a hub for seamless logistics and commerce on a national level.
Kansas City, although not the first city to come to mind when thinking of real estate investing, is a hidden jewel that offers significant opportunities for building an income-producing rental property portfolio. Kansas City’s diverse neighborhoods, affordable housing, strong rental demand and favorable landlord laws make it an ideal place for real-estate investors to maximize returns. So, if you’re in search of an investment destination that combines solid rental income potential with long-term growth prospects, consider exploring what Kansas City has to offer—you might just find your next real estate success story in the heartland of America.
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Original content by Blog.Sharesfr.com: “Spotlight Series – Kansas City”
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