Block & Company Quarterly Review - 3rd Quarter 2021

October 21, 2021

Letter from President David M. Block

The third quarter of 2021 has been an unprecedented period of time for Block & Company, Inc., Realtors. We witnessed a historic amount of activity this quarter within all departments of the firm. This specifically includes restaurant and retail sales & leasing, investment and 1031 exchange activity, along with hospitality expansion. The resurgence of the entertainment sector has also been exciting to see after a two-year slowdown.

Our Block & Company team continues to finetune our property management and insurance divisions while increasing the manpower for our construction management division which is presently involved in multiple construction projects at this time.

The extension of the local mask mandate has put a short term damper on consumer activity but the majority of our tenants continue to see a month by month increase in sales due to the general public's eagerness to reacquaint and return to normalcy. The service industry continues to have issues with staffing but as Covid-19 benefits from the government come to a close, there should be an uptick in employment numbers to help with the labor shortage. As I've stated in recent newsletters, we are looking forward to a banner year of growth at Block & Company as we approach the final quarter of 2021. We have high hopes that our tenants will soon see pre-pandemic volumes and solid growth in the very near future. I'd also like to once again thank our employees, vendors, and clients for their contributions to the success of Block & Company.

Lastly, please don't forget to be charitable to others and support great causes that have a major impact on our community as we head into the holiday season.

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