Commercial Real Estate Market in Manhattan, KS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
90 active listings and 2,595 off-market properties in Manhattan, KS.
Market Trends
Manhattan, KS spans 305.6 square miles in Riley County, Kansas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Manhattan, KS runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Manhattan, KS runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Manhattan, KS runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Manhattan, KS runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 54.4%
- Civic 23.2%
- Planned_development 7.7%
- Industrial 7.7%
- Commercial 4.3%
- Mixed use 2.6%
Largest Zones share of zoned land by district
Low Density Residential
Public Institutional
University And College
Public Institutional
Low Density Residential Attached
Low Density Residential (RL)
RL Residential, Low to Medium Density To provide for single-family detached residential development on larger lots, including provisions for factory-built houses on individually-owned lots, and non-residential neighborhood-serving uses. RS, R, R-1 Low-Density Residential Attached RL-A Residential, Low to Medium Density To provide for single-family detached a…
Market overview
Demographics & Economy
Manhattan, KS has 64,077 residents in 28,558 households. Density runs 210 people per square mile. Median household income here is $64,223 and median gross rent $1,024 a month.
64,077
Population
28,558
Households
2.2
Avg Household Size
28
Median Age
50%
College-Educated
96%
High-School Grad
305.6 sq mi
ZIP Area
210
Density / Sq Mi
$64,223
Median Household Income
$28,899
Median Earnings
$1,024
Median Rent
$246,826
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Saint George | — | — |
| Ogden | — | — |
| Wamego | — | — |
| Louisville | — | — |
Commercial property in Manhattan, KS asks $134/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Manhattan?
Commercial property in Manhattan, KS asks an average of $134 per square foot.
Where does Realmo's Manhattan market data come from?
Realmo compiles Manhattan, KS figures from 83 active sale listings, 7 active lease listings, 2,595 tracked off-market properties, the current Manhattan zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 83 active for-sale and 7 active for-lease listings in Manhattan, KS. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 13,054 zoned acres across 24 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
