Nick Dessalines | Colliers International | Boston

Nick Dessalines

Research Analyst

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About

Professional Summary

Mr. Dessalines joined Colliers International in 2020 where he is currently a Research Analyst. Mr. Dessalines’ responsibilities include analyzing and identifying market trends, working with brokerage teams on multiple client-related projects and initiatives, preparing quarterly market reports, and supporting the leasing and Capital Markets teams with various property and market level research.

Mr. Dessalines has worked in the real estate industry since his undergraduate days at Stonehill College. Prior to joining Colliers, Mr. Dessalines was a Brokerage Intern at CBRE in 2017 and then, upon graduation the following year, Mr. Dessalines joined JLL as a Data Analyst where he focused on tracking the Boston, Massachusetts and Hartford, Connecticut real estate markets.

Education

Stonehill College | Bachelor of Arts, Economics

Services

Service Lines
Research

My Team

My Team

Featured Research
Jul 23, 2020
2020 Q2 Lab Viewpoint Report Boston Colliers
Greater Boston’s lab market cooled a bit in the second quarter. Vacancies barely budged in the second quarter, moving up 0.2 percentage points to 7.3%.
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Jul 21, 2020
2020 Q2 Industrial Viewpoint Report Boston Colliers
The Greater Boston industrial market posted strong numbers in Q2 2020 with continued activity throughout the area, while other asset types have continued to struggle and stall in the face of the current business climate.
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Jul 1, 2020
2020 Q2 Market Viewpoint Report Boston Colliers
The Boston market posted its worst absorption quarter on record, with negative 1.5 million SF seen in the second quarter. This drove vacancies up to 10.6%, a 2.0 percentage point increase from Q1. While very few transactions are taking place, renewals are one source of leasing. With uncertainty in much of the marketplace about construction timelines and current and future space needs, many tenants are being deliberate and methodical in decision-making. This tends to make a short-term renewal — especially when facing a pending lease expiration — a viable strategy. Sublease space is on the rise, increasing by nearly 900,000 SF since March 31, one of the largest quarterly increases ever tracked. The Cambridge bioscience community has come together to battle the COVID-19 virus. There are 120-plus companies (and growing) with a Massachusetts presence working on the virus, and Cambridge-based Moderna will start one of the largest drug trials on record for its mRNA technology-based vaccine, a leading candidate. Meanwhile, the efforts put into research today will result in new therapies and discoveries for years to come. We are essentially speeding up our medical research, which should be good news for startups and demand in the Cambridge and broader life science marketplace. Greater Boston’s suburbs have faced a massive slowdown in activity, similar to that of their urban counterparts. Deals are still getting done, for example in the 128 South market around Dedham Executive Park. Sublease space availability is not surging as it is in Boston; TripAdvisor’s 100,000 SF sublease at its Needham headquarters was the largest addition in the second quarter. The largest block of suburban vacancy, dubbed The Block (Reebok’s former headquarters), in Canton has a sale pending to Harvard Pilgrim/Tufts, in a property swap with Spear Street Capital for its Watertown operations. While this sale has not yet hit our stats, it would move the 128 South vacancy rate down about three percentage points. Overall suburban vacancies ticked down 0.1 percentage point in the second quarter to 15.9%. Office demand has been positive this year, but lab has been the story, accounting for nearly three-quarters of all absorption in 2020.
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