Market Report 2015 Sneak Peak--Day 10 HAPPY HOLIDAYS

All of us at Block Real Estate Services (BRES) would like to take this time to wish you a safe and wonderful holiday season and a happy New Year!

Market Report 2015 Sneak Peak - Day 3 "The top trends in real estate for 2015"

The top trends in real estate for 2015, according to Emerging Trends, include the following:

1. The 18-hour city comes of age.  The increase in downtown transformations combining the key ingredients of housing, retail, dining, and walk-to-work offices will cause increased investment and development in the next level of cities outside of 24-hour markets.  These re-emerging downtown's will be “18-hour” markets and will include places like Raleigh-Durham, Charlotte, Denver, and perhaps in the future, Kansas City.  The key to 18-hour markets is the City’s ambition to strengthen its urban centers as live/work/play environments.

2. The changing age game.  Millennials prefer renter by choice multifamily housing versus home ownership. Expect this to be at least a seven year trend before millennials will have to make a decision about whether to stay urban or move to the suburbs.  Expect the over $1 trillion in student debt to further slow home ownership for this group.  With 77 million baby boomers on the leading edge of retirement age, expect an increase in resort and retirement communities as well as more movement from home ownership to rental living.  Also, anticipate medical office as a strengthening trend to serve the aging boomers market.

Read more on how to be the first to get your 2015 Market Report.....and get the other eight trends!

Kansas City Multifamily Market 2014 Overview

Kansas City's multifamily market continues to be the most desirable asset for commercial real estate investors!

Day 12- The KC Market Report: Happy Holidays!- 12 Days of Why It's Great to be in KC!

The 12 Days of Why It's Great to be in Kansas City reminded all of us at Block Real Estate Services (BRES) that Kansas City is a inspiring and developing area that we love to call home. BRES would like to take this time to wish you a wonderful holiday season and a happy New Year!

Our 2014 KC Market Report will be available mid-January. Sign-up here to be the first to receive the report first.

Happy Holidays! Watch our BRES Happy Holiday Video below:

2013 KC Office Report

 B.E Smith's New Office in Lenexa, Kansas

One positive aspect of the economic downturn and slow recovery of these past three years is the supply of new office product has fortunately been held at historically low rates.        

Vacancy rates as well have slowly descended from their peak levels despite and market fundamentals have gradually improved as a result. However, tenants continue to exhibit a “wait and see” cautious approach, and remain exceptionally cost and risk adverse in every market due to the uncertainty resulting from the weak economic environment.


Locally, Kansas City has not performed as well as the national market, but the vacancy rate in KC is closely following the national average and decreasing. These market improvements have yielded several significant deals over the year:

Slow but steady the forecast for real estate - KansasCity.com

New apartment projects and rebounding area home sales were the highlights of the residential real estate sector in 2012, while industrial parks and spec buildings dominated the commercial real estate sector.

Read the whole story here by the KC Star:  Slow but steady the forecast for real estate - KansasCity.com

Block Real Estate Services is Gearing up for their 2013 Market Report.  As reported by the KC Star we will be reporting growth as well! 

To be the first to get the 2013 KC Market Report click here to sign up:
blockrealestateservices.com/signupmarketreport

Day 12: The KC Market Report: Happy Holidays!

All of us at Block Real Estate Services (BRES) would like to take this time to wish you a safe and wonderful holiday season and a happy New Year!

Check back mid-January for the full 2013 KC Market Report or sign-up here to be the first to receive when it's available.


Watch the BRES Happy Holiday Video below!





Day 10: 12 Days of the KC Market Report: Apartment Market Overview

The Multifamily market continues to lead U.S. housing and real estate recovery.  Increasing numbers of retiring baby boomers combined with the entry of the Millennial generation into the renter pool has created tremendous demand for high-quality, high-amenity apartment housing.  The collapse of the single-family market only accelerated these trends over the last several years, causing national multifamily vacancy to fall to 5.0% by year-end 2012, down from 5.4% the previous year. 

Day 4: 12 Days of the KC Market Report: How Streetcars Will Shape Downtown Kansas City

Late October, Jackson County court administrator’s office mailed out ballots Tuesday to 697 downtown registered voters who qualified for the downtown streetcar mail-in election. Today, those ballots are due and the city will see what will come of the Downtown Streetcar Initiative.