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DAVID RIEDMAN

PRESIDENT & CEO, RIEDMAN COMPANIES

Years in current role: 25+

What has been your organization’s biggest success over the past year?

Our biggest success has been and will continue to be our ability to anticipate changes in the marketplace, adapt to those changes, and lead the industry with new and innovative processes and product in locations where people want to call home.

What are your expectations for the rest of this year?

These are definitely uncertain times. Costs continue to escalate, interest rates continue to rise, and war continues to rage, resulting in inflation the likes of which we haven’t seen in 40 years. Housing affordability is the most pressing challenge that our industry faces out of many. That challenge will continue to persist and will drive the need for new and innovative approaches to planning and product to meet housing needs locally, regionally, and nationally.

What advice would you give somebody just starting out in your industry?

This is a fascinating industry with participants from all walks of life. It is dynamic and evolving every day. One can find a very rewarding career. To be most successful, concentrate on one sector of the industry and master it. Turn mistakes and lessons learned into expertise.

What are your favorite things about Rochester?

The quality of life in Rochester is hard to beat. It has been a terrific place to raise my family. The people are fantastic. The beauty of the Finger Lakes and the recreational activities they provide are second to none. While we have our challenges, there is opportunity here and, more importantly, an abundance of community-minded people working diligently to improve those opportunities across the region.

This profile is part of Rochester Business Journal's Power 30 Real Estate & Construction list for 2022. Information used in this profile was sourced from the honoree. View the full list at rbj.net.

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