Markets · Wichita, KS MSA
Wichita Industrial Market Report
Bluebird CRE Research · As of 2026 Q1 · Data: CoStar Group, www.costar.com
The 'Air Capital of the World,' anchored by an aerospace-manufacturing cluster and low-cost industrial product.
Asking Rent / SF
2016–2026Now $7.26 · +2.0% YoY
Vacancy Rate
2016–2026Now 3.8%
Net Absorption (12 mo)
2016–2026Now 988,597 SF
Annual figures through 2026 Q1. Source: CoStar Group, www.costar.com.
Market overview
As of 2026 Q1, Wichita industrial vacancy stands at 3.8% with asking rents near $7.26/SF. The market absorbed 988,597 SF over the trailing year, and investment sale pricing implies roughly a 10.2% cap rate. Those are the figures that frame how we underwrite here.
Bluebird's read
The 'Air Capital of the World,' anchored by an aerospace-manufacturing cluster and low-cost industrial product. Bluebird targets functional small-bay and IOS product here at a basis below replacement cost, with leasing and mark-to-market as the value-add levers.
Economy
- Population
- 664,237
- Total employment
- 311,972
- Industrial employment
- 70,129
- Median HH income
- $75,541
Key submarkets
- • Airport / West
- • Northeast
- • I-135 Corridor
- • Park City
Representative tenants
- • Spirit AeroSystems
- • Textron Aviation
- • Koch Industries
- • Amazon
Explore other markets
Market data sourced from CoStar Group, www.costar.com (as of 2026 Q1); figures are point-in-time estimates and forecasts are not guarantees. Provided for informational purposes only and not an offer to sell securities. Past performance does not guarantee future results.
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