Joel Yakovac

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
  • Past Member, Columbus Realtors achievements
    • Commercial/Investment Advisory
    • Board Committee Member
    • Top Producer, 2015 - 2018
    • Most Co-Op Transactions Award, 2012 - 2015
    • Largest Transaction Award, 2009 & 2013
    • Member of Advisory Board
    •  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

Properties

Featured Research

Featured Research
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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Oct 1, 2019
2019 Q3 Industrial Trends Report Columbus Colliers
The Columbus industrial market continued a strong year in the third quarter, recording 1,605,350 square feet of net absorption*. This brings year-to-date net absorption to over 5.3 million square feet - outpacing 2018’s third quarter total by almost 1 million square feet. Due to strong leasing activity and consistent construction, Columbus experienced absorption greater than 1 million square feet for the ninth consecutive quarter. Vacancy continues to decline, dropping from 4.62 percent to 4.34 percent. Overall asking rates remained stable at $3.52 per square foot, but rates for R&D/Flex properties rose slightly from $6.15 to $6.36 per square foot. This quarter, online retailers and logistics companies proved driving forces on the industrial market, with Walker Edison Furniture, ODW Logistics, Spartan Logistics and Startech.com all committing to warehouse space around the region. Growing demand in the Columbus market has led to sustained construction activity in recent years. There is currently 8.8 million square feet of product under construction, 6.9 million square feet in the pipeline and 2.8 million square feet completed year-to-date. Due to a tight labor market, the Columbus unemployment rate rose from 3.4 percent to 3.7 percent this quarter. This rate is forecasted to remain stable in coming months, as the city is considered at “full employment” level. Throughout the rest of 2019, Central Ohio can expect continued growth as large build-to-suit projects reach completion and global companies occupy space in the area.
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Jul 2, 2019
2019 Q2 Industrial Trends Report Columbus Colliers
The Columbus industrial market finished the second quarter strong, posting 2,469,762 square feet of net absorption*. This brings year-to-date net absorption to more than 3.7 million square feet and marks the eighth consecutive quarter that Columbus has experienced absorption greater than 1 million square feet. Steady leasing activity and build-to-suit completions drove vacancy down this quarter, declining from 4.87 percent to 4.62 percent. Overall asking rates slightly increased to $3.51 per square foot, with the largest upticks occurring in the Licking and West submarkets. Rates for warehouse and distribution properties also rose to $3.33 per square foot, due to increased demand for this type of space. Third-party logistics firms and manufacturers were major forces on the industrial market this quarter, with FedEx, Quaker and Optimus occupying warehouse space around Central Ohio. Growing demand has led to consistent construction activity in recent years. There is currently 3.3 million square feet under construction, 11 million square feet planned and 1.3 million square feet completed year-to-date. The Columbus unemployment rate decreased from 4.2 percent to 3.4 percent this quarter– the lowest it has been in 18 years. It isn’t expected to decline any further, as the city is considered at the “full employment” level. Throughout the rest of the year, Central Ohio can anticipate continued positive absorption and increased investment as the area builds its reputation as the logistics core of the Midwest.
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Featured News

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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