2020 Q2 Office Market Report

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New office activity nearly comes to a halt in Q2

As restrictions around the COVID-19 pandemic loosen, some workers are slowly making their way back to offices. However, many companies are extending their remote work through the summer and waiting until Labor Day or beyond to reopen. Advisors in the West Michigan office market are curious to see how the users in the office sector will continue to respond to changes in the workplace following the initial outbreak of COVID-19.

 
 

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2020 Q2 Office Market Report

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Gary Albrecht

Senior Associate

Grand Rapids

I joined Colliers International | West Michigan as an associate on the office team. Before working as an office associate, I worked for Colliers as a research analyst. This gave me an extensive knowledge of the West Michigan commercial real estate market, and furthered my ability to acquire the most current, complete, and accurate data in the marketplace.

I have a research-based approach that allows me to provide clients with the facts they need to make the most suitable and cost-efficient solutions. I am especially knowledgeable about landlord and tenant negotiations in the Grand Rapids suburban market, specifically in the southeast corridor.

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Jason Webb

Vice President

Grand Rapids

As an office advisor with Colliers International | West Michigan, I bring over twelve years of commercial real estate experience, specializing in office sales and leasing. I pride myself in my work ethic and ability to hear, understand, and address the needs of my clients. I understand both micro and macro trends in the industry and can communicate these to my clients. I think creatively in negotiations to achieve my client’s goals, always putting my clients’ interests first.

Every year since moving to West Michigan in 2012, I have been recognized as an Office Leasing Power Broker and have worked with a diverse array of clients such as Metro Health, Franklin Partners, Fusion Education, and Network 180.

In addition to my years of experience, I am also a member of the Certified Commercial Investment Member (CCIM) affiliation and a member of Society of Industrial and Office Realtors (SIOR).

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David Wiener

Senior Vice President

Grand Rapids

I bring over fifteen years of commercial real estate experience to Colliers International | West Michigan and am knowledgeable in all aspects of commercial real estate transactions including landlord representation, tenant representation, development, investment, and consulting. My focus is on the West Michigan office market with a strong emphasis on downtown Grand Rapids.

I recently took over the leasing of Bridgewater Place at 333 Bridge St. and in less than 24 months the building has seen over 100,000 square feet of space leased.

 

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Kristen Moore

Senior Associate

Grand Rapids

As a natural communicator, I intend to bring my commercial real estate savvy and expansive network to my new role at Colliers International | West Michigan.

With fifteen years of diverse real estate experience ranging from multi-family development finance with the Inner City Christian Federation, to retail brokerage at M Retail, and property acquisition at Vision Real Estate Investment, I am a well-rounded in all things commercial real estate.  

My forte is forming personal relationships with clients to identify solutions to their current and future needs. Whether its growth or a consolidation, my financial background and current knowledge of the commercial real estate market results in a seamless process, from start to finish.

With this in mind, I look forward to collaborating with Colliers’ fellow experts and strengthening my relationships within the West Michigan community.

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Scott Morgan

Senior Vice President

Grand Rapids

 

Throughout my career as a real estate professional, I have maintained my strong client base and reputation for focus on suburban office properties because of the strong relationships I have developed with landlords whom I continue to represent in leasing and sale transactions.

I pride myself on being extremely up-to-date on significant suburban office developments and trends in the West Michigan market.

Focusing on owner-occupant office building purchases, I use a series of analytical tools, and have been very successful in helping many businesses make their first real estate investment by purchasing their own building.

I also continue to devote more energy to the growing medical and health care industry in West Michigan, and have closed over 50 medical transactions in the past 10 years, representing area physicians in both purchase and lease transactions.

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Q2 Office Market Trends Update