Commercial Real Estate Market in Prairie Village, KS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 136 off-market properties in Prairie Village, KS. Commercial property asks $464/SF to buy and $26.00/SF/Yr to lease.
Market Trends
Prairie Village, KS spans 15.1 square miles in Johnson County, Kansas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Prairie Village, 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 Prairie Village, KS runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Prairie Village, 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 space in Prairie Village, KS asks $206/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Prairie Village, KS has 47,271 residents in 20,937 households. Density runs 3,129 people per square mile. Median household income here is $132,223 and median gross rent $1,832 a month.
47,271
Population
20,937
Households
2.3
Avg Household Size
42
Median Age
74%
College-Educated
99%
High-School Grad
15.1 sq mi
ZIP Area
3,129
Density / Sq Mi
$132,223
Median Household Income
$72,228
Median Earnings
$1,832
Median Rent
$462,912
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mission Hills | — | — |
| Fairway | — | — |
| Mission | — | — |
| Roeland Park | — | — |
Commercial property in Prairie Village, KS asks $464/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Prairie Village?
Commercial property in Prairie Village, KS asks an average of $464 per square foot. Multifamily carries the highest asking price at $206/SF.
How much does it cost to lease commercial space in Prairie Village?
Asking lease rates in Prairie Village, KS average $26.00 per square foot per year.
Where does Realmo's Prairie Village market data come from?
Realmo compiles Prairie Village, KS figures from 1 active sale listings, 11 active lease listings, 136 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 11 active for-lease listings in Prairie Village, 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.
- 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
