Kansas City is BOOMING with Development!
Here is an interactive report that displays about 79 downtown projects totaling more than $1.7 billion that either have been announced, are in progress, or have been completed since the start of 2012, with the exception of some major civic projects. Kansas City is well known for its contributions to the musical styles of jazz and blues as well as to cuisine, specifically, Kansas City-style barbecue. With over 200 fountains it has earned the nickname, “City of Fountains,” and claims to have the second most in the world, just behind Rome. The city also has more boulevards than any city except Paris and has been called Paris of the Plains. Many universities, colleges, and seminaries are located in the Kansas City metropolitan area, including the University of Missouri–Kansas City, Rockhurst University and Kansas City Art Institute among others.
The facts don't lie!
Absolute central location makes for a logical distribution point for commerce and services. Most major companies have presence here. Diversified industries, not reliant on one specifically, as opposed to other states that rely on one anchor industry (automotive, steel, etc.). Kansas City has multiple active anchor industries. Such as, cattle/livestock, some of the largest national cell phone providers, research and development giants, oil/gas conglomerates, (bio)medical research firms, and even Google’s head office. Government agencies that have moved in: IRS, US Postal Services, and the US Federal Reserve, just to name a few.
We have Innovations!
Construction of the first phase of the new 290-acre south Kansas City Cerner campus continues. To be called Innovations, the campus will be dedicated to engineers and is designed to have a tech company feel. The two buildings of the first phase are expected to open in 2017. When all 10 buildings are complete, it is expected to house 16,000 employees. - Jill Toyoshiba, Kansas City Star
There are a ton of reasons to invest in Kansas City!
These are just a few...
Kansas City is One of The Best Cities to Buy Single-Family Rentals
For a 3 bedroom rental in Kansas City the median sales price is around $89k, average rent at $1k, estimated monthly mortgage payment at $341, financed monthly cash flow at $292/month, and cash purchase cash flow at $633/month, Kansas City is ranked among the 20 Best Cities to Buy Single-Family Rentals by Aol Real Estate.
Kansas City Ranks Among the Best Places to Own Rental Property
“Kansas City ranks sixth in a new list of the best U.S. cities for investment in residential rental properties."
– Kansas City Business Journal
Kansas City Ranks in Most Affordable Areas to Buy a Home
A study by NerdWallet ranked Kansas City as No. 7 on the list of
Areas were analyzed through a home-price-to-income formula.
Kansas City has Continual Rent Growth
Kansas City is ranked 33rd in rent growth out of the top 50 U.S. metropolitan markets, according to Axiometric.
“Continual rent growth in KC means good news for commercial developers and investors” – Kansas City Business Journal
Kansas City is Becoming a Mecca for Big Technology
“Kansas City Updates Tech in Bid to Boost Business – Cisco, Sprint and Google all “collide” in the city’s plan to attract tech incubators, start ups and young residents. Cisco soon hopes to bring wireless smart city to downtown, in an area that coincides with the streetcar” – Computer World. In addition, PC Magazine ranked Kansas City as theNo. 1 high-tech city you’ll want to call home. “As the original Google “Fiberhood” and current home to entrepreneurial spaces including KC Startup Village, KC is a technology hub.”