News & Articles

Economic Growth Columbus is currently a buzzing hive of economic growth as the city continues its upward trend, making record-breaking advances.

The unemployment rate reached its lowest point for the first time in nearly two decades this past June at 3.3%. To add to that economic feat, the city’s unemployment rate has consistently dropped since 2011 and stayed under 4% for the last two years.

Two sectors, in particular, seem to be drawing people like moths

Workspace 250The commercial real estate world is evolving with the times.

What does that mean as we look 2020 in the face? DRK & Company believes that successful investors must rethink traditional models of real estate, stay up with technology and keep re-inventing how we appeal to the younger generations making their way into the professional world.

Breaking Down Walls

DRK Women If you want something to withstand the test of time, you must work at it – especially relationships. Friendships and family ties all require dedication and attention to the idiosyncrasies that make them work. The same goes for your commercial real estate clients.

Tip 1: Own Your Relationships

Consider your current client relationships. Are you satisfied with their current status?

Columbus 250Looking for investment opportunities in overlooked areas that offer solid value potential?

Look no further than Opportunity Zones, which are pretty much what they sound like. Included as part of the 2017 Tax Cuts and Jobs Act, these “zones” are economically distressed areas where new investments may be eligible for advantageous tax treatment – an investing “opportunity,” if you will. Those who choose to invest in these areas can defer capital-gains taxes or possibly even avoid them altogether.

exterior of industrial building If you’re paying attention to economic climate discussion in the last six months – or read this blog – you’ve probably heard talks of an impending recession.

But you’ve also likely heard that the outlook for commercial real estate – particularly in the U.S. – remains very favorable, despite the downturn murmurs and volatility in global financial markets.

Why? It’s stable. Investors are looking for more predictable, reliable cash flows and American CRE is filling that need.

Move over, fellas.

Just as we’ve seen in other industries, women are no longer playing second fiddle to their male counterparts in commercial real estate (CRE). It’s 2019, after all – females are playing first fiddle. 

More and more CRE companies – including Donald R. Kenney and Company Realty– are putting talented and knowledgeable women in key leadership positions.