2020 was a challenging year in the world of real estate and development and nearly all markets around the globe, as the economic backlash of the pandemic took hold and affected multiple sectors. However, it was also quite a busy year for the Tutera Commercial Real Estate & Development team here in Kansas City, something for which we are incredibly grateful.
To end the year we wanted to take a look back with a recap of some of the leasing activity that kept us very busy throughout 2020 (the data has been anonymized for privacy).
1) Medical Services
Lease Value: $1,556,719.20
Square footage: 6791
LSE term: 10 years
LSE type: new
2) Out Parcel Development
Lease Value: $1,296,875.00
Square footage: 2300
LSE term: 10 years
LSE type: new
3) Law Offices
Lease Value: $694,440
Square footage: 5144
4) Dentist Office
Lease Value: $634,160.64
Square footage: 3,414
LSE term: 10 years
LSE type: Expansion
5) Chiropractic Office
Lease Value: $229,698.00
Square footage: 1,400
LSE term: 10 years
LSE type: New
6) Office Space
Lease Value: $179,668
Square footage: 2457
LSE term: 4 years
LSE type: Expansion
7) Pharmacy
Lease Value: $160,020
Square footage: 3200
LSE term: 5 years
LSE type: new
8)Doctor’s Office
Lease Value: $147,000.00
Square footage: 1950
LSE term: 5 years
LSE type: Renewal
9) Hearing Center
Lease Value: $127,872
Square footage: 1550
LSE term: 5 years
LSE type: new
10) Chiropractic Office
Lease Value: $80,445
Square footage: 1055
LSE term: 5 years
LSE type: new
11) Counseling Psychologist
Lease Value: $75,595.00
Square footage: 840
LSE term: 5 years
LSE type: New
12) Dentist´s Office
Lease Value: $58,560
Square footage: 2400
LSE term: 5 years
LSE type: renewal
13) Hair Salon
Lease Value: $57,000
Square footage: 1,200
LSE term: 5 years
LSE type: New
14) Doctor’s Office
Lease Value: $49,518.00
Square footage: 540
LSE term: 5 years
LSE type: New
15) Psychology/Counseling Office
Lease Value: $46,859.88
Square footage: 1265
LSE term: 3 years
LSE type: Renewal
16) Dental Office
Lease Value: $44,100
Square footage: 840
LSE term: 3 years
LSE type: renewal
17) Nail Salon
Lease Value: $33,980
Square footage: 1120
LSE term: 3 years
LSE type: renewal
18) Educational/Tutoring Services
Lease Value: $22,014.96
Square footage: 1295
LSE term: 1 year
LSE type: Renewal
19) Nutritional Smoothies
Lease Value: $21,196.80
Square footage: 240
LSE term: 4 years
LSE type: New
20) Engineering Office
Lease Value: $14,943
Square footage: 879
LSE term: 4 years
LSE type: expansion
21) Dog Grooming Salon
Lease Value: $13,860
Square footage: 880
LSE term: 2 year
LSE type: New
22) Plumber
Lease Value: $11,451
Square footage: 1200
LSE term: 1 year
LSE type: renewal
23) Data Engineering
Lease Value: $9,000
Square footage: 633
LSE term: 1 year
LSE type: Expansion
24) Alarm Service & Installation Services
Lease Value: $4,800
Square footage: 392
LSE term: 1 year
LSE type: New
As you can see, we stand ready to support all of your commercial real estate needs. If 2021 is the year you’d like to start investing in the Kansas City area, contact us and start the conversation today.