Block & Company Quarterly Review - 1st Quarter 2025

April 7, 2025

Letter from President David M. Block

As we look ahead into 2025 and beyond, we are seeing a highly active and aggressive real estate market taking shape - especially in the greater Kansas City area. With the results of the recent elections and the direction of new leadership, our outlook for the year is optimistic. Several national and regional companies have already engaged our firm for their commercial real estate needs, and we are witnessing a significant uptick in activity from both restaurant and retail chains seeking to expand their footprint locally.

This surge in demand is a very positive sign for the property owners we represent. Not only are we on track to meet our projected listing prices, but we may also be in a strong position to increase both rental and sales prices as the year progresses. Kansas City is clearly headed in a direction of growth and investment opportunity.

Interest rates appear to be stabilizing, and we are hopeful for potential decreases as the year continues. However, we always advise our clients not to rely solely on market conditions like interest rates. Instead, we leverage our deep industry expertise and understanding of market trends to ensure value is always front and center in our strategies.

Our brokerage department has once again come together as a strong, knowledgeable team with expertise across all sectors of commercial real estate. I am incredibly proud of their work and excited about what lies ahead for the remainder of this year.

Despite the ongoing volatility around tariffs, I remain confident in our market's future. The opportunities for growth and investment in Kansas City are real - and there's truly no better time to act than now.

Lastly, I want to thank our agents and employees for all their hard work and dedication. I also want to extend a heartfelt thank you to our clients, tenants, and investors who have supported us through the years. Your trust and partnership mean everything. I am equally proud of our continued commitment to charitable organizations and causes that our firm and team are deeply passionate about. Giving back remains a core part of who we are.

Here's to a strong year ahead!

Full Newsletter