Welcome to the official blog of Block Real Estate Services, LLC (BRES). BRES seeks to offer insight and news concerning commercial real estate, financial investments, construction and development of the 212 communities we serve locally and nationally.

Friday, December 19, 2014

Market Report 2015 Sneak Peak - Day 7 Office

As office markets saw positive strides in 2014, the Kansas City Metropolitan area real estate border war continued to impact many of the cities’ key submarkets. 
Market Report 2015 Sneak Peak - Day 7 Office

Following the national trend of an overall lower unemployment rate, United States office market vacancy rate closed at 11.2%, down from 12.1% at the close of 2013.  The decline in vacancy was helped by the overall positive absorption over the past year of 92 million square feet of space.  This positive impact was helped by the United States adding more than two million jobs since the beginning of the year, which our country has not seen since 1999.

Every year, Block Real Estate Services, LLC (BRES) releases our comprehensive market report, lending insight on commercial real estate in the Kansas City market. Kansas City continues to see many more exciting development projects planned, under construction or just completed over the next 24 months as well as strong investment activity.

For the full market report make sure you sign-up to receive the Market Report first!

Market Report 2015 Sneak Peak - Day 7 Office

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