Kenwood Management Achieves Year End 2024 Occupancy Rate of 90 Percent

Kenwood Management Company [https://www.kenwoodmgt.com/about-us?utm_campaign=6710142-%5BPress%20Release%5D%20Achieves%20Year%20End%202024%20Occupancy%20Rate%20of%2090%25&utm_source=PR_Marketing], a commercial real estate owner of warehouse, flex, medical, and office properties in the mid-Atlantic region, announced today that its year-end 2024 portfolio occupancy was 90%. Over the last 4 years, Kenwood's portfolio occupancy has ranged from 88% to 92%.

Kenwood reported that its portfolio revenues for 2024 increased by 8% compared to the previous year, reflecting steady growth across its properties.

In 2024, Kenwood completed 12 new leases and 43 renewals and expansions. Among the tenants that entered into new leases from Kenwood included Parsons Services, City So Five Soccer, Medstar, and Kitchen Guard.

Tenants who renewed their leases in 2024 included Franklin & Prokopik, the State of Maryland, Prince George's County, and Ellicott City Pediatrics.

"We are very pleased with our properties' performance in 2024", said Bill Singer, Principal from Kenwood. He added, "In 2024 we saw significant revenue growth in our warehouse, flex, and medical properties. Overall, office properties are still lagging from their pre-COVID levels; however, our single-story office remains strong and our multi-story properties now appear to improve as more companies are returning to work."

About Kenwood Management

Kenwood Management Company, headquartered in Bethesda, MD, is a commercial real estate owner-operator overseeing a diverse portfolio of over 1.4 million square feet, including office, flex, medical, and warehouse spaces across the mid-Atlantic region. With a private equity model at its core, Kenwood combines its internal equity with investments from high-net-worth individuals to acquire and manage properties that deliver long-term, stable returns for stakeholders.

Kenwood's commitment to excellence is reflected in its detailed approach to property management and forward-thinking growth strategies. By consistently seeking new opportunities and adapting to market demands, the company creates sustainable value for both investors and tenants. This approach ensures a strong alignment of interests, fostering collaborative relationships and high performance across its portfolio.

Kenwood is dedicated to providing exceptional service and maintaining strong connections with its tenants and investors, making it a trusted name in the commercial real estate industry.

For more information about Kenwood Management Company and to access the latest updates, visit www.kenwoodmgt.com [https://www.kenwoodmgt.com/?utm_campaign=6710142-%5BPress%20Release%5D%20Achieves%20Year%20End%202024%20Occupancy%20Rate%20of%2090%25&utm_source=PR_Marketing].
Media Contact
Company Name: Kenwood Management Company
Contact Person: Bill Singer
Email: Send Email [http://www.universalpressrelease.com/?pr=kenwood-management-achieves-year-end-2024-occupancy-rate-of-90-percent]
Country: United States
Website: https://www.kenwoodmgt.com/



This release was published on openPR.