KANSAS CITY—As reported in GlobeSt.com, 2014 was the best year for this region's industrial market since before the recession. And if the results from the first quarter are any indication, 2015 should also go down as a remarkable year.

According to a new report from DTZ, in the first three months of the year the market saw roughly 1.4 million square feet of positive absorption and the vacancy rate sank to 7.38%. Most impressively, at the same time developers added about 600,000 square feet of space to the region's inventory. “In the past twelve months the total existing inventory in the market has increased by 3.44 million square feet yet the vacancy rate, the amount of square feet vacant, and the amount of square feet available on the market have all dropped,” DTZ says.

The robust growth may help end an unhealthy competition between Kansas and Missouri officials to attract existing businesses to their side of the state line that splits the region. “It's called the border war,” Matt Nevinger, DTZ research manager, tells GlobeSt.com, “and unfortunately it turned into a battle between the two states which did not create any jobs.”

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Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.