Allen & Associates offers services that encompass a full range of needs for the real estate professional. We have seasoned professional real estate personnel that have been in the commercial real estate business in the good times as well as the bad. Our people have the expertise to pick out the small nuances of a property that could mean the difference between a performing loan and a non-performing or REO asset. Our knowledgeable personnel are able to make a difference in the quality of your investments.

This dentistry building...

was part of a sale of the dentistry practice and building in the last few years. The building boasts an EIFS exterior with a red-tile roof making it one of the most attractive buildings in the Lawrence area. The property has open views for patients while having procedures completed and represents some of the best and most visible real estate in Lawrence, Kansas.

The downtown area...

is the jewel for the Lawrence retail market. Early efforts to keep suburban malls from affecting the downtown area were well worth the effort as the shopping experience of the downtown brings out of town guests to the center of the city. Buildings continue to change hands at a rapid pace as real estate prices continue to set new highs for sales price per building and per square foot. But some long time retailers that have decided to pursue other ventures continue to hold their buildings as investments as new retailers want to join the carnival. The effect is an ever-changing landscape of new retailers who are eager to be included in the experience of downtown Lawrence.

The office market in general has shown a rebound after tumultuous years of fluctuations and decline. The Lawrence market was assumed to continue its strong performance but investors found out that a rising tide does not float all boats. Sometimes it swamps them as several office properties showed vacancies anywhere from 25% to above 75% in 2006. Current levels have shown a good rebound and space is being absorbed in Lawrence as well as Kansas City. The crisis in the financial markets has made developers nervous and has justifiably slowed new development of housing developments as well as office building development. Caution is expected to be the watchword for developers in the future as market declines are fresh in the minds of developers and investors in general.

Retail properties in Lawrence have shown weakness over the past several years as rental rates continued to escalate while the economy began to stagnate. Downtown rental rates reached levels of $18.00 per square foot until retailers decided they could not afford the monthly drag. Vacancy in the downtown area, while minimal in the past, has shown its ugly side. Several properties stand empty and await new tenants. However, while long term retailers decided to call it quits, new space is being leased that has sat empty for years. Outside of downtown, seasoned space opens up and new retailers take the space as owners are discounting spaces more and more; an indirect result of the sub-prime mortgage crisis.