Robert Patterson | Colliers International | Chicago - Downtown

Robert Patterson

Associate

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About

Professional Summary

I serve as an associate in the Chicago Office Advisory Group. In my role, I track and analyze data on micro and macro levels to ensure that clients receive up-to-date and accurate information necessary to make real estate decisions. I am an expert on Chicago’s metropolitan office market with a thorough understanding of local landlords, industry-specific occupier trends and market leasing economics. I use my extensive market knowledge to uncover hidden opportunities and maximize negotiating leverage for my clients.

Previously, I served as a Research Analyst for the downtown Chicago market. In this role, I coordinated with multiple teams and clients to develop extensive informational pieces on both local and national real estate markets to identify optimal opportunities for clients. I created various project-specific models and commentary, including local market reports, industry-specific space use reports, and data-driven market projections to advise tenants.

Accomplishments

  • Author, Colliers | Chicago Office Market Report
  • Author, Colliers | Chicago Fulton Market Development Report
  • Published in local and national real estate news journals

Education

  • BA, University of Wisconsin at Madison

Services

Service Lines
Occupier Services
Property Types
Office

My Team

My Team

Featured Research
Oct 30, 2018
2018 Q3 Chicago Downtown Office Report
Chicago’s downtown office market posted a relatively slow quarter of demand throughout the third quarter of the year, reporting 245,696 square feet of positive net absorption, bringing the Central Business District’s total net absorption to 1,343,149 square feet of positive demand thru the first nine months of the year. As a result of sluggish absorption during the third quarter, the vacancy rate decreased by a mere ten basis points to a total of 12.7 percent.
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Jul 31, 2018
2018 Q2 Chicago Downtown Office Report
Chicago's downtown office market posted another strong quarter of demand during the second quarter of the year, reporting 674,727 square feet of positive net absorption, bringing the Central Business District's total net absorption to 1,013,805 square feet of positive demand thru the first six months of the year. Despite the quarter's strong demand, the deliveries of John Buck's 807,000 square foot Tower at 151 N. Franklin, White Oak Realty's 440,000 square foot development at 625 W. Adams, and Sterling Bay's 547,000 square foot build to suit for McDonald's at 110 N. Carpenter accounted for approximately 1.8 million square feet of supply during the quarter, which drove the CBD's vacancy rate up 60 basis points to 12.7 percent
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May 9, 2018
2018 Q1 Chicago Downtown Office Report
Chicago’s downtown office market posted a steady quarter of demand during the first quarter of the year, reporting 166,064 square feet of positive net absorption, which drove the CBD’s vacancy rate down ten basis points to 12.2 percent. The slight decrease in the CBD’s vacancy rate highlights its current state of equilibrium between tenant demand and office supply, as Chicago’s vacancy rate sits a mere 20 basis points below the 12.4 percent vacancy rate posted in the first quarter of 2017.
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