| How Downtown Kansas City measures up to its peers | ||||||
| This chart shows how downtown Kansas City ranks among 14 peer downtowns in similar-sized cities. The 16 statistical measures were | ||||||
| chosen to reflect a wide range of economic and lifestyle activity, but some statistics were not available for every downtown. The peer | ||||||
| downtowns are: Charlotte, Cincinnati, Columbus, OH, Denver, Indianapolis, Louisville, Memphis, Milwaukee, Nashville, Oklahoma City, | ||||||
| Pittsburgh, Salt Lake City and St. Louis. | ||||||
| Sorted top to bottom by how KC ranks: | ||||||
| KC's rank among | ||||||
| What measuring | Time period | peer downtowns | Notes | |||
| Annual new housing units | 2000-2007 | 1st out of 12 | KC almost doubled the average gain in peer downtowns. Data available either through 2005, 2006 or 2007, so comparisons were made by annual growth. | |||
| Change in total businesses | 2000-2005 | 2nd out of 13 | All peer downtowns except KC and Oklahoma City suffered a net loss of business establishments, according to census estimates. Credit growth in art galleries and studios. | |||
| Estimated annual population change | 2000-2007 | 3rd out of 12 | KC's average growth of 591 new residents a year is 34% higher than the peer average and trails only Memphis and Charlotte. Estimates come from each city's downtown agency. | |||
| Proposed new housing units | 2007-2009 | 5th out of 11 | While KC was tops in newly built housing units, it's merely middle of the pack in projects on the drawing board, showing KC's residential development momentum may be slowing. | |||
| Average household income | 2000-2007 | 6th out of 13 | Income is an indicator of buying power to lure additional retail and nightlife, and KC's 20% growth is in the middle of the pack. | |||
| Forecasted office space | 2008-2010 | 6th out of 13 | Anticipated projects show KC gaining 216,000 square feet, above the peer downtown average, meaning KC's office market is gaining some momentum over its past rate of office absorption. | |||
| Change in Class A office rents | 2002-2007 | 6th out of 12 | KC's 5% rise in rents for the best office space is above the peer average, a sign of increasing demand. Rents here are climbing with the entertainment district open. | |||
| Change in office vacancy rate | 2001-2007 | 7th out of 13 | KC was one of 7 downtowns whose vacancy rate climbed by 33% or more. But KC's current downtown vacancy rate, around 20%, is one of the worst in its peer group. | |||
| New office space | 2001-2007 | 8th out of 13 | Some downtowns, like Pittsburgh, Memphis and Nashville, have gained more than 2 million square feet of new office space, while KC has netted about 250,000 square feet. | |||
| Change in private-sector jobs | 2000-2005 | 9th out of 13 | Census estimates show downtown KC lost 9,400 jobs by 2005. Recent developments like H&R Block's headquarters added jobs, but probably not enough to offset all the losses. | |||
| New shops & services | 2000-2005 | 10th out of 13 | Almost all peer downtowns have been losing retail, and KC is no exception, but KC's decline has been worse than most. | |||
| New restaurants & bars | 2000-2005 | 10th out of 13 | Data again based on dated census figures. KC is better off now with the Power & Light District opening, but that wouldn't push KC beyond the middle of the pack. | |||
| Change in average hotel occupancy | 2000-2007 | 12th out of 13 | KC also has the second-lowest average occupancy rate among downtown peers, a sign that KC isn't recapturing tourists yet. | |||
| Change in hotel room supply | 2000-2007 | 12th out of 13 | Most downtown peers experienced double-digit percentage jumps in total hotel rooms, while KC merely held steady. | |||
| Change in tourist hotel stays | 2000-2007 | 12th out of 13 | Only KC and Cincinnati have experienced a decline in total hotel room nights. Most peer downtowns have had double-digit growth. | |||
| Downtown's share of metro market | 2001-2007 | 12th out of 13 | Almost all of these peer downtowns have lost office market share to the suburbs, but KC's share plunged 20%. | |||