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The Kansas City retail market experienced a slight decline in market conditions in the fourth quarter 2016. The vacancy rate went from 6.0% in the previous quarter to 6.2% in the current quarter. Net absorption was positive 246,664 square feet, and vacant sublease space increased by 22,222 square feet. Quoted rental rates increased from third quarter 2016 levels, ending at $12.95 per square foot per year. A total of 13 retail buildings with 458,622 square feet of retail space were delivered to the market in the quarter, with 865,115 square feet still under construction at the end of the quarter.Average quoted asking rental rates in the Kansas City retail market are up over previous quarter levels, and up from their levels four quarters ago. Quoted rents ended the fourth quarter 2016 at $12.95 per square foot per year. That com- pares to $12.82 per square foot in the third quarter 2016, and $12.58 per square foot at the end of the first quarter 2016. This represents a 1.0% increase in rental rates in the current quarter, and a 2.86% increase from four quarters ago.