Joel Yakovac | Colliers International | Columbus

Joel Yakovac

SIOR

Senior Executive Vice President | Principal

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About

Professional Summary

Joel R. Yakovac is a member of the Columbus Industrial Team at Colliers International along with Michael Linder, SIOR, Shane Woloshan, SIOR, Jonathan Schuen, SIOR, Kyle Ghiloni, and Molly Crosby, Joel specializes in industrial sales and leasing. He focuses on new business development and prospecting new tenants, buyers, landlords and sellers. Joel works with local companies throughout Central Ohio as well as large corporations across the United States.

Through extensive work, the willingness to go above and beyond and a vast grasp of the Columbus industrial market, Joel ensures clients have professional and efficient representation to expedite successful transactions.

 

Accomplishments

PROFESSIONAL ACCOMPLISHMENTS & AFFILIATIONS

  • Colliers International Everest Club, 2015-2016, 2018, 2019
  • Columbus Realtors Achievements
  • Top Producer - 2015 to 2019
  •  Largest Transaction - 2009, 2013, & 2019
  • Largest Sale - 2019
  • 1031 Exchange Award - 2019
  • Commercial/Investment Advisory
    • Board Committee Member
    • Chair of Columbus Board of
      Realtors C/I Membership
      Committee
  • Co-Star Top Broker for Industrial Leasing transactions, 2006 - 2017
  • Midwest Real Estate Hall of Fame, 2015
  • Member, Ohio Association of Realtors
  • Member, National Association of Realtors Member, Society
     

Education

Bachelor of Science in Business Administration-Finance and Real Estate Major, University of Cincinnati

Memberships & Involvements

Columbus Board of Realtors, Ohio Association of Realtors, National Association of Realtors, Society of Industrial & Office Realtors (SIOR)

Clients

• Asplundh Construction Corp.
• Avnet
• Cabot Properties
• Cambridge Hanover
• DCT Industrial
• DHL/Exel
• Direct Buy
• Duke Realty Corporation
• Eaton Vance
• Edison Welding Institute
• ETAK systems
• Faurecia
• First Industrial
• Flodraulic Group
• Hackman Capital
• Helena Chemical Company
• Holland Roofing, Inc.
• HSA Commercial Real Estate
• IDI
• Indcor
• Industrial Realty Group
• Invesco
• Kroger Company
• Lanter Delivery Systems, Inc.

• Liberty Property Trust
• Limited Stores
• Meritex Properties, Inc.
• MSC Industrial
• Nestle Waters, NA
• Nifco
• Opus
• Otis Elevator
• Plymouth Industrial
• Polaris Sales
• PPG Industries
• ProLogis
• Raymond Storage Concepts
• Rogue Fitness
• Roto-Rooter Services Company
• RREEF
• Sears
• Smyth Automotive
• Sunlife
• TwinMed, LLC
• Thirty-One Gifts
• TIAA-CREF
• Welsh
• Wilmington Investors

Testimonials

"Joel understood what our needs were...outstanding work in assisting us to get a zoning variance, this was pivotal in getting the transaction closed...we would be happy to recommend you and your services to anyone who has industrial needs in Central Ohio."
~Brantley Dreisbach
Dreisbach Wholesale Florists, Inc.

Services

Service Lines
Landlord Representation, Tenant Representation
Property Types
Industrial, Land

My Team

My Team

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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Featured News
May 30, 2019
2019 Top Producers Award Release
Colliers International | Greater Columbus Region is proud to announce that they are home to five of the ten Top Producers at the Columbus Board of Realtors Commercial Awards.
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