I ran across this article on Friday: William B. May Ramps Up for New Era as Top New York Firm [RISMedia] and it dawned on me that this is the umpteenth (ok, 4th) rebranding effort I have run across specific to Manhattan real estate brokers this year.
These firms are all in the process of rebranding all or varying pieces of their corporate identities.
What is rebranding? Rebranding is about realignment [Buyer2Brand].
Is it coincidence that these efforts seemed to occur after the market started to cool? With all the excitement and energy that went into keeping their sanity during the housing boom, were these efforts delayed simply because there was too much going on back then?
There was a lot of consolidation. The big firms bought smaller firms and marketing companies. Public breakups.
Brands collided, so consumer confusion was a looming concern. Images could get stale and no one wants to be complacent.
Is this a good thing? Sure it is. Its merely an effort for a company to better connect with the clients they serve. Can it confuse the consumer further? Sure it can, but given the marketing savvy of these firms, I doubt they will have much trouble.