Monthly rent costs in Wichita are steadily increasing each year, but are still low compared to markets across the country, according to local real estate experts. According to a report released by NAI Martens, an area commercial real estate agency, late last year, rent rates in Wichita increased 1.8% in 2022 and 9.4% in 2021, which was the biggest jump in the last five years. In 2020, rent rates only saw an increase of 0.4% due to the coronavirus pandemic. The big jump the following year was to “catch up” from the lower increase the year before, Jeff Englert, senior vice president of NAI Martens, said.
Source: Local News | Wichita Eagle
