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.

Tuesday, May 26, 2015

Thursday, May 21, 2015

46 Penn Centre and the Class A Demand

46 Penn Centre and the Class A DemandKansas City's thriving technology sector has the office market remaining strong for the first quarter of 2015. Occupancy rates and average rents have risen compared to lasts years figures. A combination of tech focused employers and lower office vacancies have fueled the demand for Class A office space. These employers are demanding that their new office space offer up vibrant areas that will cater to the changing needs and desires of rising professionals.

Market Growth
On an overall national basis, the office market landscape has seen an increase in rental rates and absorption. National rental rates increased from $21.75 PSF in 2013 to $22.38 PSF at the end of 2014. In March 2015, the demand for open jobs in the Kansas City area had over 11,000 postings, with 7,700 being full time. Garmin, Cerner and BIME Analytics are all companies that have expanded in the Kansas City area, helping push the need for more Class A office space.

The Millennial Demand
With companies continuing to hire Millennials as they enter into the workforce, the office layout has seen a change. Office spaces are increasingly moving to the more open and creative work space Millennials prefer. Forbes projects that three out of four workers to be Millennials by 2025 further impacting the office landscape. Millennials are tech savvy and ambitious workers who have taken on a variety of different working styles and preferences than generations before. Studies have shown that  Millennials are more productive when sitting in cafes or lounge style areas than at a traditional workstation. High tech companies, such as Facebook and Google, have incorporated these style trends into their newest office buildings. With Kansas City turning into the Silicon Valley of the Midwest office developers need to keep this new style in mind.

46 Penn Centre: Block Real Estate Services, LLC
Meeting the Demand
Block Real Estate Services, LLC (BRES) is meeting the Kansas City demand with our newest Class A office re-development, 46 Penn Centre. 46 Penn Centre will be an eight story high-rise office tower development on the prestigious Country Club Plaza, featuring approximately 200,000 RSF of office space, 6,456 +/- restaurant space and secure, covered parking. This development will have private tenant balconies on all floors and will be constructed with only four columns to maximize space-plan efficiency.

Click here to watch and learn more about 46 Penn Centre.

For more information on 46 Penn Centre, or other Class A office real estate, please contact:

Hunter Johnson - Block Real Estate Services, LLC

Hunter Johnson

Max Wasserstrom, Block Real Estate Services
Max Wasserstrom, CFA
Sales Associate
Block Real Estate Services, LLC

Monday, May 18, 2015

Thursday, May 14, 2015

Much More Than a City, Overland Park is the Ideal Setting to Live, Work and Play

Overland Park Kansas
Springtime is one of the most beautiful times of year with so many refreshing ways to take advantage Money Magazine as one of the “Top 10 Best Places to Live,” is flourishing with family-friendly and back-to-nature events of the weather and spring blooms. Overland Park, Kansas, rated by which make it even more appealing to investors. Here are just a few of the springtime attractions:

Monday, May 11, 2015

@BlockRes #CRE Deal of the Week - Executive Hills

Mike Comiskey, Matt Spachman and Ken Block of Block Real Estate Services, LLC (BRES)
@BlockRes #CRE Deal of the Week - Executive Hills
executed a long-term lease for a Class A office building in Kansas City, Missouri.

Thursday, May 7, 2015

Kansas City Has All The Pieces To Solve Logistical Puzzle

Wherever you are located, Kansas City has the industrial parks to help boost your business. Our
Kansas City Has All The Pieces To Solve Logistical Puzzle
central location makes our city ideal for your new data center, distribution headquarters or high-tech assembly facility or E-Commerce platform. We have all the pieces to make logistics as efficient as possible.

Tuesday, May 5, 2015