Block & Company Quarterly Report - 3rd Quarter 2020

October 20, 2020

Letter from President David M. Block

This year has certainly been one of the most challenging years for Kansas City and the US economy in decades. However, the Kansas City market and real estate in general has begun to show strong improvement on a weekly basis. Our investment sales & acquisitions team at Block & Company saw a significant amount of exciting activity in the 3rd quarter which included a number of shopping centers that have been both bought and sold, as well as land site transactions for new restaurants & retail development.

There continues to be many new companies ranging from big box users to smaller restaurant and retail chains that are entering the Kansas City marketplace. These new users have increased the sales activity of pads as well as the leasing of space throughout the metropolitan area.

With a positive outlook for a COVID-19 vaccine, both investors and tenants realize the present opportunity to acquire and lease property at this time. Our brokerage division has remained active at Block & Company and IÕm proud of how our agents and employees have been able to adapt to the present work environment with little to no interruption to business operations. We anticipate a strong outlook for the 4th quarter and a bounce-back in 2021.

Thanks again to all of our staff, agents, and managers for your hard work. Have a great holiday season and stay safe.

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