Brent Boland
Senior director, Cushman & Wakefield | Commercial Kentucky
Years in current job: Five
Years in the real estate industry: 30
Outside investors are buying up more and more Louisville properties. Do you think that trend will continue? Why or why not?
I do think the trend will continue, mainly because they have been priced out of other markets. Louisville represents a value to outside investors.
Predict the future: What Louisville neighborhood will see a lot of growth in the coming years?
I think it is hard to pin down one neighborhood. I believe we will continue to see a lot of growth between the Watterson Expressway and the Gene Snyder along all of the major arteries. There is still a good amount of vacant land, as well as opportunities to repurpose obsolete buildings.
What is a tech solution or gadget that you can’t live without?
Satellite radio. I spend a lot of time in my car.
What has been your biggest surprise (good or bad) when showing a property?
My biggest surprise continues to be how little time prospective tenants or buyers give themselves to complete a transaction. Real estate transactions take time and proper planning to execute effectively.
What’s one thing you’d like to see Louisville change to spur more new development?
I need to lump Louisville and Frankfort [Kentucky] together to answer this one. We need to overhaul our tax code to make us more competitive compared to our peer states.
How do you think remote work will continue to shape the office market in Louisville?
Remote work is here to stay in some capacity. It was accelerated by the pandemic. There will still be a place for traditional brick-and-mortar offices, they will just be utilized in a different manner.
Tell us about your favorite building/project in Louisville.
My favorite building/project in Louisville is still 400 W. Market St. I think Hines did a great job in delivering a timeless building that is still a beacon for our city.
What’s something you hear of more tenants asking for when looking at potential properties?
Tenants are more interested in building amenities than ever before. When they are in the office, they want the creature comforts of home.
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