Benjamin Johnson | Colliers International | Columbus

Benjamin Johnson

SIOR

Brokerage First Vice President

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About

Professional Summary

Ben is a member of the Industrial Services Group at Colliers International. He has brokered the sale of millions of square feet of industrial and office space. Ben advises both owner-occupant and investor buyers and sellers in numerous transactions. He also works with landlords and tenants to complete industrial and office leases, helping his clients identify opportunities and achieve favorable terms. Ben specializes in industrial sales, leasing, land development and investment sales. He has a unique understanding of site selection, the development process, and financial analysis. He also acts as a consultant for his clients in numerous commercial real estate transactions including planning, investment, advisory, and development assignments.

Accomplishments

•    SIOR - Active member of the Society of Industrial and Office Realtors, 2015-Current
•    National Association of Realtors. Affiliate Member
•    Columbus Commercial Industrial Investment Realtors
•    Columbus Board of Realtors Most Unique Commercial/Investment Transaction 2010
•    Colliers International | Greater Columbus Region, “Rookie of the Year” for 2009
•    Numerous CoStar Power Broker and other industry awards
•    Columbus Business First “20 To Know in Real Estate” 2013, Inaugural Year

Education

Ben graduated from Arizona State University with a Bachelors Degree in Global Business Management and a concentration in Marketing. He also completed economics courses at an International Business School in Amsterdam, the Netherlands. 2010- Current. 

Memberships & Involvements

Madison County Future, Inc. Community Improvement Corp., Board of Directors
NAIOP Member
COCIE Governing Board, Chair
ULI - Urban Land Institute , Member
Columbus Commercial Industrial Investment Realtors (CCIIR), member and Secretary (2017), Treasurer (Current, 2018)
ACG - Association for Corporate Growth,  Member

Services

Service Lines
Landlord Representation, Tenant Representation
Property Type
Industrial, Land
Featured Research
Jun 30, 2020
2020 Q2 Industrial Trends Columbus Colliers
Despite uncertainty regarding the COVID-19 pandemic, the Columbus industrial market had a strong second quarter, recording 2,768,540 square feet of positive absorption. As a result of sustained demand in the market, Columbus has seen absorption greater than 1 million square feet in 11 of the past 12 quarters. Although absorption was positive this quarter, vacancy remained steady at 4.56%, as over 1.5 million square feet of completed speculative development was added to the market. This prime new space also caused overall asking rates and warehouse/distribution rates to increase, to $3.67 per square foot and $3.50 per square foot, respectively. The second quarter demonstrated the explosive growth of e-commerce, which is booming even more due to coronavirus. Companies like Amazon, Walmart and Sheseido continue to expand in Central Ohio, occupying first-class warehouse space. With nearly 9 million square feet of development under construction and 102 industrial tenants currently looking for space in the market, Columbus can anticipate consistent activity this year as the country works to recover from the effects of COVID-19.
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Mar 31, 2020
2020 Q1 Industrial Trends Report Columbus Colliers
The Columbus industrial market started the year on a positive note, recording 2,060,165 square feet of net absorption. In 10 of the past 11 quarters, the region has experienced absorption greater than 1 million square feet - a true testament to strong leasing activity, investment and development. This positive absorption drove vacancy down to 4.55 percent, which is over 30 basis points lower than a year ago. Overall asking rates remained stable at $3.44 per square foot, with rates for warehouses at $3.23 per square foot. General industrial properties saw the largest incline to $3.67 per square foot. The first quarter demonstrated growing demand from e-commerce companies and logistics providers, as Hormel Foods Corporation, Hims Inc., Hyperlogistics Group and FNS Inc. collectively leased over 1 million square feet around Central Ohio. These industries will continue to drive activity in Columbus, due to the area’s large influx of first-class industrial development. Construction activity remains solid with more than 8 million square feet of product currently underway - a majority of which is expected to reach completion throughout 2020.
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Jan 2, 2020
2019 Q4 Industrial Trends Report Columbus Colliers
The Columbus industrial market finished 2019 with year-to-date net absorption* of 5,254,378 square feet, despite recording 126,048 square feet of negative absorption in the fourth quarter. This marks the first quarter of negative net absorption of the year, due to a record number of projects under construction but only three completions. Strong leasing activity and completed build-to-suit warehouses are expected to drive absorption positive in the first half of 2020. Vacancy increased slightly to 4.61 percent but is 24 basis points lower than it was at the end of last year, demonstrating steady growth in the industrial sector. Overall asking rates held steady at $3.51 per square foot, with rates for warehouse/distribution properties reaching $3.32 per square foot. In the fourth quarter, international retailers and 3PL providers were driving forces on the Central Ohio market, as Gap, Hollingsworth Logistics, Walmart and FedEx collectively took 800,000 square feet of space throughout the area. Demand for state of the art warehouse space propelled construction activity to 9.7 million square feet - the most there has ever been underway at once. The Columbus unemployment rate remained at 3.7 percent this quarter due to the city being considered at “full employment” compared to the rest of the country. GDP grew at 2.1 percent this year but is expected to soften slightly to 1.7 percent due to an upcoming election year. The industrial market can anticipate sustained growth in the future, as tenants, investors and developers continue to recognize Columbus as an international logistics hub.
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