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ABOUT NEWMARK
Newmark by the Numbers
Global Reach
Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies.
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle.
7,400+
PROFESSIONALS
170
OFFICE LOCATIONS
$2.7B
ANNUAL REVENUES
~$1T
TRANSACTION VOLUME (2021-2022)
55+
COMPANIES ACQUIRED SINCE 2011
90+
YEARS IN BUSINESS
With our platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum.
ABOUT KANSAS CITY
Located in the heart of United States, Kansas City, Missouri is at the center of the 18-county Kansas City metropolitan area, with a total population of 2.2 million people. Kansas City provides a compelling competitive business environment that encourages growth and offers incentives for investment, a skilled workforce, exceptional transportation infrastructure, and low cost of business. Residents of the region enjoy a balanced cost of living, ample affordable housing, sound infrastructure, numerous cultural and recreational activities, and an entrepreneurial atmosphere.
(May & June 2023)
#1 City for Rental Activity
(2022)
#1 City to Work Remotely
(2023)
Best Airport in the U.S.
(2021)
#3 Best-Paying City for Recent College Grads
Best Cities to Live in America
23 Best Places to Go in the U.S.
Great American City for Creatives
(2024)
Best in Travel
KC ENTERTAINMENT & TOURISM
Among a healthy business environment Kansas City offers residents and tourists a wide variety of things to do unique to Kansas City, including attending a Royals, Sporting, or Chiefs game, entertainment and shopping at the Power and Light District and Country Club Plaza, and cultural experiences at the Nelson Atkins Art Museum and 18th and Vine Jazz District. Kansas City is home to the 2022 Super Bowl LVII Champions, the Kansas City Chiefs. Other teams in Kansas City include the 2015 World Series champions, the Kansas City Royals, and the Kansas City Current women’s soccer team, who has announced plans to build a $115 million 11,500-seat stadium in Downtown’s Berkley Riverfront. Kansas City is home to world famous BBQ and was ranked the #1 Favorite City for BBQ by Travel & Leisure.
25.2M
$5.6B
11M
ANNUAL VISITORS
ANNUAL TOURISM ECONOMIC IMPACT
ANNUAL KCI AIRPORT PASSENGERS
KC BIG WINS
The Kansas City region is the third fastest-growing tech market in the United States and is a nucleus of engineering, technology and automotive manufacturing expertise. With a strong talent pipeline and cutting-edge training programs, the Kansas City market employs nearly 21,000 workers who contribute to the area’s $19 billion transportation and manufacturing industry.
PANASONIC $4 BILLION CAPITAL INVESTMENT, 4,000 JOBS
$1.5B NEW KCI AIRPORT TERMINAL
META CAMPUS - $800M HYPERSCALE DATA CENTER
2023 NFL DRAFT HOST
$70M KC CURRENT STADIUM 1ST WOMEN’S SOCCER STADIUM
2026 WORLD CUP HOST CITY
$350M KC STREETCAR EXPANSION
KC TRANSPORTATION
KC STREETCAR EXTENSION
KANSAS CITY STREETCAR
NEW KCI TERMINAL
In 2023, a new $1.5 Billion terminal opened at Kansas City International Airport. At over one million square feet, the Kansas City Airport is the largest single infrastructure project in the City’s history. The airport opened February 2023 with 39 gates and the ability to expand to 50 in the future, the project also includes a 6,300-space parking structure. The new terminal features updated technology and amenities, close parking, spacious gate areas, and ample food and beverage options and was recently ranked the #1 airport in the U.S. by Travel Awaits.
The current Ride KC Streetcar was a $102 million investment in Kansas City’s transportation and Infrastructure completed in 2016. Running from the River Market on the north end to Union Station and Crown Center on the south, The Streetcar connects all the downtown neighborhoods with 16 platform stops and 2 miles of track. 98% of business on route have indicated a positive impact on business, and there has been a 40% increase in residential density within 3 blocks of the route.
In 2021, the Federal Transit Administration (FTA) and the City of Kansas City, MO., Officially signed the Full Federal Funding Agreement for the KC Streetcar Main St Extension. The funding will cover $174 million of the proposed $351 million project. The extension will expand the route 3.5 miles north-south and add 8 stops, extending north to the Missouri River and south the Country Club Plaza, and the University of Missouri – Kansas City. The KC Streetcar has created a more vibrant, urban culture and has succeeded in attracting new jobs and residents to the area.
KC ECONOMY
Cost of living comparison
Market demographics
Kansas City has a 3.2% Unemployment Rate, lower than the national average of 3.8%. The Kansas City area has a thriving technology industry, and is the center of the animal health corridor. Major employers headquartered in Kansas City include Cerner, Garmin, Hallmark, AMC, American Century, and H&R Block.
major employers
37.7
MEDIAN AGE
2.2 M
KANSAS CITY MSA POPULATION
$70,215
MEDIAN HOUSEHOLD INCOME (10% ABOVE NATIONAL AVERAGE)
2.5
AVERAGE HOUSEHOLD SIZE
37.7%
BACHELORS DEGREE OR HIGHER (US 33.1%)
92.8%
HIGH SCHOOL GRADUATE OR HIGHER (US 88.6%)
OPPORTUNITY IN THE KANSAS CITY MARKET
1
2
4
6
5
FORMER KC STAR BUILDING
demographics
1601 McGee Street, Kansas City, MO Kansas City Submarket: Central Business District 344,130 SF, multi-level, Class A facility
MORE INFO
COUNTRY CLUB PLAZA
4706 Broadway Blvd, Kansas City MO Kansas City Submarket: Country Club Plaza/Midtown Privately owned regional shopping center
MISSON GATEWAY
4901 Johnson Dr, Mission, KS 66205 Kansas City Submarket: North Johnson County Development site in Kansas City Suburb
OAK PARK MALL
11149 W 95th St, Overland Park, KS 66214 Kansas City Submarket: South Johnson County Largest mall in the KC Metro area Star Bonds & CID financial incentives possible
TOWN CENTER PLAZA
11801 Nall Ave, Leawood, KS 66211 Kansas City Submarket: South Johnson County 2 story building within open air, upscale shopping center
ASPIRIA CAMPUS
11801 Nall Ave, Leawood, KS 66211 Kansas City Submarket: South Johnson County Up and coming mixed-use development near longstanding office campus
DISCOVERY PARK
I-470 & NE Douglas St, Lee's Summit, MO Kansas City Submarket: Southeast Jackson County 268 acre development in up & coming KC Suburb
Questions?
Justin Beal, CRRP
Executive Managing Director, Principal
jbeal@nzimmer.com 816-268-4241
Phil Botana
Associate Director
pbotana@nzimmer.com 816-512-1008
