By: Dan Rafter
Kenneth Block, managing principal with
, entered the commercial real estate business in 1975. He has since been involved in the development of more than 220 buildings with a total value of more than $1.3 billion.
Throughout his career, Block has also been involved in more than $2.5 billion of property sales and dispositions.
It’s safe to say, then, that Block understands the Kansas City commercial real estate market. When he says that this market remains in the middle of its long hot streak, it means something. And when Block predicts that Kansas City’s commercial market should remain strong in the near future? Commercial real estate pros working this market should be thrilled.
Midwest Real Estate News recently spoke with Block about the state of Kansas City’s commercial market and its future. Here’s some of what this long-time Kansas City CRE veteran had to say.
How strong is the Kansas City commercial real estate market this year? That’s a good question. When you’re in the middle of everything, you don’t think that much about it. I’d probably say we are pretty close to the same pace of activity as we saw last year. Part of me, though, says it might be slowing down just a bit.
It’s pretty clear that as a country right now we are beginning to have a little bit of a slowdown. But we are still on par with last year, and last year was better than the year before. I would consider it really strong in terms of the market. Each sector is a little bit different. Each has its challenges.
Full Article: https://www.rejournals.com/ken-block-the-cranes-not-leaving-kansas-city-anytime-soon-20190722