Commercial Real Estate Market in Topeka, KS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
364 active listings and 4,102 off-market properties in Topeka, KS. Commercial property asks $53/SF to buy and $17.93/SF/Yr to lease.
Market Trends
Topeka, KS spans 295.8 square miles in Shawnee County, Kansas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Topeka, 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 Topeka, KS runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Topeka, 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 Topeka, 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 62.9%
- Industrial 15.1%
- Planned_development 12.4%
- Commercial 4.1%
- Open space 2%
- Civic 1.9%
- Mixed use 1.5%
Largest Zones share of zoned land by district
Single Family Dwelling District
Planned Unit Development District
Light Industrial District
Single Family Dwelling District
Heavy Industrial District
Topeka, KS zones 31,616 acres across 46 districts. Commercial zoning covers 4.1% of zoned land, residential 62.9%, open space 2% and industrial 15.1%. The largest single district is Single Family Dwelling District at 49.2%. For commercial buyers the practical constraint is that only 19.2% of land carries a commercial or industrial designation.
Single Family Dwelling District (R1)
This district is established to provide for the use of detached single-family dwellings together with specified accessory uses and other uses as may be approved
Market overview
Demographics & Economy
Topeka, KS has 163,787 residents in 74,602 households. Density runs 554 people per square mile. Median household income here is $67,413 and median gross rent $994 a month.
163,787
Population
74,602
Households
2.2
Avg Household Size
39
Median Age
32%
College-Educated
93%
High-School Grad
295.8 sq mi
ZIP Area
554
Density / Sq Mi
$67,413
Median Household Income
$43,044
Median Earnings
$994
Median Rent
$157,599
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Pauline | — | — |
| Tecumseh | — | — |
| Silver Lake | — | — |
| Grantville | — | — |
Commercial property in Topeka, KS asks $53/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Topeka?
Commercial property in Topeka, KS asks an average of $53 per square foot.
How much does it cost to lease commercial space in Topeka?
Asking lease rates in Topeka, KS average $17.93 per square foot per year.
What zoning applies to commercial property in Topeka?
Topeka, KS zones 31,616 acres across 46 districts, of which 4.1% is commercial and 15.1% industrial. The largest single district is Single Family Dwelling District at 49.2% of zoned land. This district is established to provide for the use of detached single-family dwellings together with specified accessory uses and other uses as may be approved Residential zoning covers 62.9% and open space 2%.
Where does Realmo's Topeka market data come from?
Realmo compiles Topeka, KS figures from 311 active sale listings, 53 active lease listings, 4,102 tracked off-market properties, the current Topeka zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 311 active for-sale and 53 active for-lease listings in Topeka, 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: 31,616 zoned acres across 46 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
