George Stecz | Colliers International | Columbus

George Stecz

Senior Vice President

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About

Professional Summary

As a capital markets specialist, George Stecz has acquired an extensive background in commercial real estate dispositions, acquisitions, and development. During his nearly 25 year career in commercial real estate he has consummated office, industrial and retail dispositions/acquisitions totaling over $1.8 billion in aggregate value in Central Ohio.

Prior to joining Colliers International, George previously served as Senior Managing Director of Cushman & Wakefield while leading the Investment Sales team in sales of Institutional and Private Equity firm assets. Prior to joining Cushman & Wakefield, George was a Managing Member of CBRE’s Columbus Investment Properties team. Prior to initiating his brokerage career, George was a key member in Ohio for Duke Realty as Development & Acquisition Controller. During his Duke tenure, George was an integral member of a team in financing and developing over six million square feet of office, industrial, and retail product in addition to $100 million in acquisitions.

Accomplishments

  • Top Volume Producer for Commercial Real Estate in Columbus Award - 2005, 2006, 2007, 2009, 2011, 2012
  • Commercial Industrial Largest Transaction Award - 2006, 2008, 2012

Education

Bachelor of Science in Business Administration (Accounting Major), University of Cincinnati

Memberships & Involvements

Columbus Board of Realtors Ohio and National Association of Realtors

Testimonials

  • Pizzuti Industrial Portfolio - 2,657,265 SF
  • Kenhio Industrial Portfolio - 2,150,205 SF
  • Invesco Industrial Portfolio - 1,756,000 SF
  • TIAA Industrial Portfolio - 1.110,875 SF
  • Duke Realty Flex Portfolio - 1,013,185 SF
  • The Continent - 956,172 SF
  • Columbus Office Portfolio (AEW) - 778,621 SF
  • ODW Logistics Corporate - 759,752 SF
  • The Prime Group Realty Trust - 732,807 SF
  • IBM Property Portfolio - 686,223 SF
  • The Prudential Industrial Portfolio - 655,353 SF
  • One Columbus - 407, 752 SF
  • National City Plaza - 358,642 SF
  • Busch Corporate Center - 327,605 SF

Services

Skills
Investment Properties
Service Lines
Landlord Representation
Property Types
Industrial, Office
Featured Research
Mar 31, 2020
2020 Q1 Office Trends Report Columbus Colliers
The Columbus office market started off the year with slightly negative net absorption of 23,110 square feet. However, the market recorded positive absorption in seven of the past eight quarters, demonstrating the overall strength of the office sector. Ongoing investment, development and leasing activity drove positive absorption of 55,094 square feet in the CBD - the highest of any submarket this quarter. Despite overall vacancy increasing to 9.07 percent, the rate is over 40 basis points lower than in the first quarter of last year. Overall asking rates also experienced positive growth, rising to $18.84 per square foot. Rates for Class A and B properties both increased, to $20.99 per square foot and $17.83 per square foot, respectively. Three large-scale construction projects totaling 421,250 square feet broke ground this quarter, including the mixed-use Grandview Crossing development, the second phase of Gravity in Franklinton and the expansion of the Arena District, which will be home to Chipotle’s Columbus headquarters.
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Jan 2, 2020
2019 Q4 Office Trends Report Columbus Colliers
The Columbus office market finished the year strong, recording 351,948 square feet of positive net absorption* in the fourth quarter. This brings year-to-date net absorption to over 1.2 million square feet. The fourth quarter is the seventh consecutive quarter of positive absorption and the third consecutive quarter of absorption above six figures, demonstrating the consistent growth of the office market. Strong leasing activity throughout the region contributed to rising absorption and declining vacancy - down to 8.8 percent this quarter. Overall asking rates remain steady at $18.75 per square foot, with Class A rates holding at $20.82 per square foot and Class B rates at $17.59 per square foot. Completed build-to-suit offices were driving forces on the market this quarter, as DHL and White Castle’s new headquarters both completed for a collective 250,000 square feet. According to The Kiplinger Forecast, GDP grew at a 2.1 percent rate this year due to home construction and government spending. GDP is expected to soften slightly to about 1.7 percent in 2020, as it is an election year. Locally, 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. The region can anticipate another strong year in 2020, as national and international firms gain interest in Columbus’ skilled workforce, strategic location and emphasis on development.
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Oct 1, 2019
2019 Q3 Office Trends Report Columbus Colliers
The Columbus office market continued a strong year with 310,789 square feet of positive absorption in the third quarter. This marks the sixth consecutive quarter of positive absorption and the second consecutive quarter of absorption over six figures, proving the strength of the office sector. Due to consistent leasing activity, the vacancy rate continues to decline, dropping from 9.17 percent to 8.91 percent this quarter. Overall asking rates remain stable at $18.60 per square foot, with Class A rates holding at $20.91 per square foot. Internationally recognized occupiers were driving forces on the market this quarter, with Chipotle, Bank of America and WeWork all committing to office space around the region. According to The Kiplinger Forecast, U.S. GDP rose to 2 percent this quarter due to consumer spending and is expected to finish the year at 2.3 percent. With 2020 being an election year, GDP growth is expected to soften, dropping to around 1.8 percent. On a local scale, a tight labor market caused the Columbus unemployment rate to rise slightly from 3.4 percent to 3.7 percent. This rate is forecasted to remain stable in coming months, as the city is considered at “full employment” level. Central Ohio can expect consistent growth throughout the rest of the year, as tenants, investors and developers continue to take note of Columbus’ booming economy and first-class business landscape.
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