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The Kansas City Office market ended the fourth quarter 2016 with a vacancy rate of 9.1%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 950,046 square feet throughout the quarter.Tenants moving out of large blocks of space in 2016 include: Applebee’s Services, Inc. moving out of 121,000 square feet at 8140 Ward Pkwy; Black & Veatch moving out of 100,800 square feet at 6601 College Blvd; and Federal Emergency Management Agency moving out of 77,037 square feet at 9221 Ward Pkwy. Tenants moving into large blocks of space in 2016 include: eScreen, Inc. moving into 75,000 square feet; Citizens of the World KC moving into 38,751 square feet at 3435 Broadway St; and SouthLaw moving into 30,001 square feet at 13160 Foster St.The average quoted asking rental rate for available office space, all classes, was $18.53 per square foot per year at the end of the fourth quarter 2016 in the Kansas City market area. This represented a 2.6% increase in quoted rental rates from the end of the third quarter 2016, when rents were reported at $18.06 per square foot. The average quoted rate within the Class-A sector was $21.62 at the end of the fourth quarter 2016, while Class-B rates stood at $17.76, and Class-C rates at $13.96. At the end of the third quarter 2016, Class-A rates were $21.02 per square foot, Class-B rates were $17.52, and Class-C rates were $13.73. The average quoted asking rental rate in Kansas City’s CBD was $18.10 at the end of the fourth quarter 2016, and $18.66 in the suburban markets. In the third quarter 2016, quoted rates were $17.62 in the CBD and $18.20 in the suburbs.