Justin Frye | Colliers International | Orlando

Justin Frye

Senior GIS & Research Analyst

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About

Professional Summary

GIS (Geographical Information Systems), Research Analysis, and Market Specialist with Colliers International Central Florida.  Using an array of desktop mapping solutions and web based software programs, Justin provides in depth analysis into the commercial real estate markets and spatial analysis for existing and potential site locations.  With over 9 years of experience in the field, including 5 years with a national retail investment trust, Justin brings expertise in site selection, market studies, and strategies needed to leverage the wealth of data in today‚Äôs data driven decision making.

Accomplishments

Innovative Client of the Year Award from SRC (Alteryx) in 2003 for web based GIS platform.  Currently finishing GISCI certification.
 

Education

 

B.S. from Florida State University with a major in Management Information Systems.

 

 

 

Memberships & Involvements

ICSC

Services

Skills
Geographic Information Systems GIS
Service Lines
Research
Featured Research
Aug 4, 2020
Increasing Activity, Optimistic Road Ahead
Although the true long-term impacts of COVID-19 (Coronavirus) across the broader economy remain unknown, the local industrial market in Orlando remained active, albeit cautious heading into the second half of the year. Net absorption registered a negative 536,773 square feet during the quarter, however, many of the move-outs where tenants relocating in the market to a recently built industrial product. Recently signed lease transactions, which is a precursor to future absorption, increased during the second quarter registering over 2.8 million square feet of recently signed leases and renewals. This represents a 1.4 million square feet increase in total square footage leased compared to the previous quarter.
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Aug 4, 2020
Stressed, But Not Distressed
The second quarter of 2020 began with an unprecedented pause inactivity. The CMBS markets were nearly frozen. Investors were pencils down. Lenders halted underwriting and decision making. Tenants paused or delayed tours. And many properties were pulled off the market in a wait-and-see approach. However, as the quarter progressed, the office market throughout greater Orlando began to thaw, and although new leasing and investment transactions were down, overall activity began to hint of signs of life heading into the second part of the year.
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Aug 4, 2020
Momentum & Activity Beginning to Return
The second quarter of 2020 began with an unprecedented pause in activity for the Orlando Retail market. Nearly every retailer, except those deemed essential during the COVID-19 pandemic, temporarily closed their doors either voluntarily or through government orders. Investors were pencils down and, lenders halted underwriting and decision making. Tenants interested in the market paused or delayed tours and, many properties were pulled off the market in a wait-and-see approach. However, as the quarter progressed, the retail market throughout greater Orlando began to thaw and, although many government orders and restrictions remain, pockets of activity began to come back to the market.
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