Since the city of Wichita launched its more recent speculative warehouse incentive program in December 2017, four projects have been approved for construction. Designed to address what many in the commercial real estate industry say is the ongoing need for existing industrial space in Wichita, the program provides property tax incentives to developers who might otherwise prefer to have a building pre-leased prior to construction to reduce risk. The city first adopted an industrial incentive policy in 2012, but that ended in 2014. The program was revived in 2017 based on demand the Great Wichita Partnership was seeing for more inventory.
Source: Wichita Business Journal
