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Kansas City-Lawrence 2023 Commercial Real Estate Forecast Report

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2022 represented another year of great success for Colliers Kansas City-Lawrence. Our company had a significant amount of momentum heading into 2022 and was well positioned to navigate through the changing economic conditions of higher interest rates and rising inflation, which quickly impacted our business beginning in the third quarter. We anticipate a moderation of activity in 2023 relative to 2022, but are hopeful that any potential recession will be short-lived. Kansas City has always been a resilient economy when economic conditions change.

Throughout changing climates and markets, our purpose at Colliers Kansas City-Lawrence remains the same: to serve the needs of our clients. As we take time to reflect on the Kansas City commercial real estate market in 2022, we are also focused on the future and what changes to the industry will look like going forward. Delivering key data and insight is a priority to put our clients in an advantageous position to make informed decisions now and in the future.

We are optimistic about the upcoming year and hope you remain healthy and safe throughout 2023.


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Kansas City-Lawrence 2023 Commercial Real Estate Forecast Report

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Ed Elder

President

Kansas City

Ed is the President of the Colliers Kansas City office and is responsible for overseeing all brokerage operations of the Kansas City, Missouri and Lawrence, Kansas offices.

Ed remains very active in the sale and leasing of industrial properties, along with providing clients expertise on site selection and development services for new construction in the Kansas City metropolitan area.

Ed has significant experience in representing many local and national clients in their real estate assignments.

COMMUNITY INVOLVEMENT

Ed is an active member of the Kansas City community and supports several organizations. Some of these include Cristo Rey Corporate Work Study Program, Morning Glory Ministries and United Way Tocqueville Society.  He is a former board member of Coaches vs. Cancer with the American Cancer Society, Notre Dame de Sion High School and former Board President of Genesis Charter School.

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Martin Maguire

Senior Director Research

Kansas City

Martin joined Colliers in 2012 and is the Senior Research Director of the Kansas City office. Martin is responsible for the aggregation, analysis, interpretation, and reporting of market research, including all quarterly and annual market reports for the Kansas City and Lawrence markets. Martin works with all transaction service professionals in serving clients by providing an elevated set of research skills and project management through data aggregation, creation and maintenance of database content and GIS mapping. Martin has also assisted in the completion of commercial real estate transactions exceeding $37 million and 300,000 square feet of accumulated deal size, including retail and land properties. Martin’s expertise includes financial analysis, property valuation, due diligence review and market evaluations.

Prior to joining Colliers Kansas City, Martin spent two years within the asset management division of Cohen Financial in Kansas City, and five years in the Washington DC metro area employed by Capital One N.A. as a disposition analyst and CoStar Group Inc. as a research associate.

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