Aaron Jodka

Aaron Jodka

Managing Director, Research & Client Services

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About

Professional Summary

As the Managing Director, Research & Client Services, I oversee all aspects of our Client Service offerings, including Research, Marketing, Graphics, Financial Analysis, Lease Administration, and Client Service Coordination. I ensure that our brokers are providing superior service and deliverables to existing and potential clients. At the same time, I assist brokers with pitch preparation and delivery, while continuing to push the Colliers brand via best-in-class research reports, thought leadership, and contributions to numerous panels, media, and industry events throughout the city.

I collaborate with every team at our firm and wear many hats: in-house economist, advisor, consultant, thought leader, strategic business analyst, presenter, and, of course, researcher. My team and I manage the information and intelligence in our proprietary database, which, dating from the late 1980s, includes detailed property statistics on nearly 220 million SF of office space as well as on lab properties in the Greater Boston area. We also track more than 150 million SF of industrial properties in our market.

Communication is integral in my work. I write our quarterly Market Viewpoint series, internal submarket and lab reports, and Colliers In Focus thought pieces. I offer market insight as a monthly guest on Bloomberg Radio’s Baystate Business, and I’m a frequent resource for Bisnow, Banker & Tradesman, The Boston Globe, Boston Business Journal, The Real Reporter, and other publications.

Before joining Colliers, I spent 11 years with Property & Portfolio Research (PPR), now CoStar Portfolio Strategy. There, I advised institutional clients on their commercial real estate investment strategies across property sectors and also spoke at industry events, quarterly CoStar webinars, and in front of client audiences. I also led and directed a team of economists who monitored property markets across the United States. Near the end of my tenure, I helped establish a new business unit at CoStar, leading in the hiring, training, and coaching of a team of 50 market analysts. 

Outside of the office, I like to cheer on my children’s extracurricular activities. I also hike, travel, relax at home or at the lake, or plug away at one home project or another. Last but not least, I’m an avid fan of Boston sports teams.

Education

Assumption College | Bachelor of Arts, Economics with a Business Concentration

Aaron graduated magna cum laude, earning the Citation for Academic Excellence in his major.

Memberships & Involvements

  • NAIOP
  • ULI

Services

Skills
Mixed-Use Properties
Service Lines
Research
Property Types
Hotel, Industrial, Land, Office, Multifamily, Retail

My Team

My Team

Featured Research
Jul 1, 2020
2020 Q2 Market Viewpoint Report Boston Colliers
The Boston market posted its worst absorption quarter on record, with negative 1.5 million SF seen in the second quarter. This drove vacancies up to 10.6%, a 2.0 percentage point increase from Q1. While very few transactions are taking place, renewals are one source of leasing. With uncertainty in much of the marketplace about construction timelines and current and future space needs, many tenants are being deliberate and methodical in decision-making. This tends to make a short-term renewal — especially when facing a pending lease expiration — a viable strategy. Sublease space is on the rise, increasing by nearly 900,000 SF since March 31, one of the largest quarterly increases ever tracked. The Cambridge bioscience community has come together to battle the COVID-19 virus. There are 120-plus companies (and growing) with a Massachusetts presence working on the virus, and Cambridge-based Moderna will start one of the largest drug trials on record for its mRNA technology-based vaccine, a leading candidate. Meanwhile, the efforts put into research today will result in new therapies and discoveries for years to come. We are essentially speeding up our medical research, which should be good news for startups and demand in the Cambridge and broader life science marketplace. Greater Boston’s suburbs have faced a massive slowdown in activity, similar to that of their urban counterparts. Deals are still getting done, for example in the 128 South market around Dedham Executive Park. Sublease space availability is not surging as it is in Boston; TripAdvisor’s 100,000 SF sublease at its Needham headquarters was the largest addition in the second quarter. The largest block of suburban vacancy, dubbed The Block (Reebok’s former headquarters), in Canton has a sale pending to Harvard Pilgrim/Tufts, in a property swap with Spear Street Capital for its Watertown operations. While this sale has not yet hit our stats, it would move the 128 South vacancy rate down about three percentage points. Overall suburban vacancies ticked down 0.1 percentage point in the second quarter to 15.9%. Office demand has been positive this year, but lab has been the story, accounting for nearly three-quarters of all absorption in 2020.
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Apr 14, 2020
2020 Q1 Lab Viewpoint Report Boston Colliers
Greater Boston’s medical and life science expertise is on full display in the battle with the COVID-19 pandemic.
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Apr 1, 2020
2020 Q1 Industrial Viewpoint Report Boston Colliers
The month of March has seen the global economy reacting to the current COVID-19 pandemic leading to uncertain economic times both locally and abroad.
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