Greater Wichita Partnership > Data & Resources > Operational Cost
The Value Of Low Operational Costs
The Greater Wichita region’s business friendly environment translates to few fiscal obstacles for businesses. Whether your company is looking to move into an existing office or would like to build new, the Greater Wichita region offers low commercial lease rates and construction costs that fall below national averages.
“The Greater Wichita region’s combination of low operational costs and highly skilled talent positions businesses for success and provide more long-term stability than other cities.”
— Andrew Nave, Executive Vice President of Economic Development at the Greater Wichita Partnership
Compare the Costs of Doing Business
- All business equipment purchases are 100% property tax exempt.
- Kansas had the 7th lowest industrial natural gas total delivered cost among the 50 states in 2020 at $3.38 per MCF (MM BTU) (U.S. Energy Information Administration)
- Energy commercial rates in the Wichita area are 7.3% lower than the national average. (C2ER COLI; 2022-Q1)
- Wichita area industrial space average asking rent is 32% below the national average at $4.78/SF per year compared to the national metro average asking rent: $7.01/SF per year (Q1-2018) (32% below national average)
- Wichita area Class A office space average asking rent is 40% below national average at $19.39/SF per year compared to the national metro average rent: $32.43/SF per year (Q1-2018)
- Wichita’s April 2018 Means Commercial Construction Cost Index was 11.5% below the national average with a rating of 88.5.
Wichita Area Office Space
Vacancy Rate
| Overall | 20.1% |
| CBD | 21.5% |
| Overall Class A | 16.2% |
| Overall Class B | 21.9% |
Asking Rent
| CBD Class A | $17.21 |
| CBD Class B | $11.22 |
| Suburban Class A | $20.93 |
| Suburban Class B | $12.58 |
Wichita Area Industrial Space
Vacancy Rate
Asking Rent
| General Industrial | $4.32 |
| R&D / Flex | $9.38 |
Source: NAI Martens Commercial Real Estate Services
(Area-weighted average rate/square foot/year) - February 2017
Commercial Construction Cost Index
Wichita Commercial Construction Cost Index 90.3
Includes materials and installation – about 10% below the national average of 100.0
Source: Means Construction Cost Indexes (July 2019)
Executive Vice President of Economic Development
Andrew Nave
We invite you to connect with the Greater Wichita Partnership for more insight into the value of low operational costs and the long-term savings for business.
