Every real estate investor looks for this 1 demand driver:
📈 𝐏𝐨𝐩𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐆𝐫𝐨𝐰𝐭𝐡.
Kansas City has you covered. KC is on the rise, and investors are taking notice.
📍 This Midwestern hub isn't just holding its own; it's outperforming the national average in population growth.
🏡 In 2023, the Kansas City MSA added approximately 12,500 new residents. That's about 34 new neighbors every single day.
▶️ The growth spurt is impressive, almost doubling the total from the previous two years, and bringing the population to a robust 2.2 million.
▶️ This surge positions Kansas City among the likes of Denver as the fifteenth fastest-growing MSA with at least 2 million people.
▶️ Not just a statistic, this growth signals a thriving economy and a beacon for industrial and residential development. 🏘️🏭
𝐇𝐞𝐫𝐞'𝐬 𝐰𝐡𝐚𝐭 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐧𝐞𝐞𝐝 𝐭𝐨 𝐤𝐧𝐨𝐰:
1️⃣ Steady Growth: Since 2020, Kansas City has welcomed over 26,000 new residents, marking a 1.2% increase in population.
2️⃣ Employment Opportunities: With an unemployment rate at a low 3.3% as of January 2024, the job market is buzzing. It's been below 4% since the summer of 2021, hinting at a flourishing economy.
3️⃣ Residential Boom: Over a quarter of the city's 175,000 apartment units have sprung up since 2010, accommodating the over 200,000 population increase.
4️⃣ Industrial Expansion: The manufacturing sector is booming, with giants like GM, Ford, and the upcoming Panasonic EV battery plant, promising thousands of jobs.
📍Kansas City is not just a great place to live; it's an investor's dream.
With a strong labor market and continuous corporate investments, it's clear why Kansas City is becoming a prime relocation destination.
📲 If you're considering CRE investing, it's time to turn your attention to Kansas City – the heart of America that's beating stronger than ever! 💼🌆
👇🏽 Interested in seizing the opportunity? Let's connect and explore Kansas City's booming CRE potential.
#KansasCity #realestate #future #growth #EconomicDevelopment #RealEstateTrends
Finance & Data Analytics
4dGreat market, huge upside. Traffic jams galore indicate rapid growth where infrastructure has failed to keep up. Feels like a a smaller version of Austin 20y ago.