COVID Killed Downtown Kansas City Office Space Market: State Street Downsizes

Credit to a local development hack . . . He usually doesn't report bad news concerning biz development inside the loop.

But more important than our catty news conversation is a lingering question . . .

HAS COVID KILLED OFFICE SPACE INSIDE THE LOOP?!? DOWNTOWN IS STARTING TO LOOK LIKE A GHOST TOWN AGAIN!!!

Moreover . . .

It's going to be tough to lure upscale hipsters when biz people and so much local activity doesn't seem to be coming back to central biz district. 

Here's a peek at the damage . . .

“As part of this analysis, we made the decision and announced to our employees plans to close our office at 801 Penn Ave, while opening a new, shared workspace in downtown Kansas City that is better fit for our new, hybrid operating model.”

Read more via www.TonysKansasCity.com link . . .

State Street Downsizing from Quality Hill Building to WeWork Space

State Street, one of downtown's larger employers, is downsizing from its Quality Hill home of 25 years to occupy co-working space run by WeWork in the lightwell building at 11th and Main streets. At one time, State Street occupied most of a 312,000-square-foot, two-building office campus that occupied the entire block between Washington Street and Pennsylvania Avenue, from Seventh to Ninth streets.