Commercial Real Estate Market in Pratt, KS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
10 active listings and 642 off-market properties in Pratt, KS. Commercial property asks $1,470/SF to buy and $10.00/SF/Yr to lease.
Market Trends
Pratt, KS spans 277.3 square miles in Pratt County, Kansas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Pratt, 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 Pratt, KS runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Pratt, 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 Pratt, 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
- Civic 49.5%
- Commercial 14.5%
- Industrial 12.7%
- Residential 11.9%
- Agricultural 11.5%
Largest Zones share of zoned land by district
Single Family District
Agricultural District
Heavy Industrial District
Highway Service District
Multifamily Dwelling District
Single Family District (R-2)
The intent of this district is to provide for areas of moderate density single-family residential development including certain public uses, such as schools, churches and parks, which will not interfere with the health, safety or general welfare of persons residing in this district
Market overview
Demographics & Economy
Pratt, KS has 7,922 residents in 3,571 households. Density runs 29 people per square mile. Median household income here is $65,707 and median gross rent $809 a month.
7,922
Population
3,571
Households
2.2
Avg Household Size
39
Median Age
26%
College-Educated
93%
High-School Grad
277.3 sq mi
ZIP Area
29
Density / Sq Mi
$65,707
Median Household Income
$30,665
Median Earnings
$809
Median Rent
$118,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Iuka | — | — |
| Cullison | — | — |
| Coats | — | — |
| Sawyer | — | — |
Commercial property in Pratt, KS asks $1,470/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Pratt?
Commercial property in Pratt, KS asks an average of $1,470 per square foot.
How much does it cost to lease commercial space in Pratt?
Asking lease rates in Pratt, KS average $10.00 per square foot per year.
Where does Realmo's Pratt market data come from?
Realmo compiles Pratt, KS figures from 9 active sale listings, 1 active lease listings, 642 tracked off-market properties, the current Pratt zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 1 active for-lease listings in Pratt, 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: 2,393 zoned acres across 13 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
