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Jacob Pavlik | Colliers | Seattle

Jacob Pavlik

CPRC

Research Manager

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About

Professional Summary

Jacob Pavlik joins the Colliers team after working in the Economic Development and Planning departments for the cities of Hillsboro, Oregon and Alexandria, Virginia, respectively.  At Colliers, he leads a team of researchers to  collect, analyze, and synthesize market data for Puget Sound and Portland. He loves the challenge of taking complex data and making it easily digestible for a wide audience. He assists brokers with research specific to their client's needs, including geovisualizatoin and micromarket analysis.

His authentic passion for commercial real estate is seen most clearly when Jacob explores his local urban ecosystem and travels to new cities around the world to see how they function and relate to each other. He likes to see the built environment adapt to the changing needs, desires, and behaviors of the people who populate it. These functions fit perfectly into Jacob's role as Research Manager, telling the story of how commercial real estate in the Pacific Northwest evolves over time.

Accomplishments

2021 Portland Business Journal's Forty Under 40

2019 NAIOP/Portland State University Capstone Competition Winner

2019 Service Excellence Award Nominee

2019 SIOR Scholarship, Center for Real Estate, Portland State University

2019 Ashforth Pacific Endowed Real Estate Scholarship, Center for Real Estate, Portland State University

Education

Bachelor of Arts in Geography with minors in Geographic Information Systems and Sustainability, magna cum laude, from The George Washington University

Master of Real Estate Development, from Portland State University

Memberships & Involvements

Urban Land Institute (2013 -- present), NAIOP (2017 -- present), Prism Health Community Advisory Board (2017 -- 2019), and the Human Rights Council of Washington County (Treasurer, 2017 -- 2019)

Services

Service Lines

Research

My Team

Featured Research

Jan 10, 2023

Q4 2022 Puget Sound Industrial Market Report

Sale volume dropped 23% to $1.9 billion from $2.5 billion last year, a direct result of the Federal Reserve raising interest rates to reduce inflation. The leasing market has been strong, although weaker than 2021. Rents have continued to increase across the region, but growth is weaker than the last two years, allowing tenants to catch up to market expectations and competitive demand. Almost 12 million square feet of new occupancy occurred in 2022, edging out 2021 as the top year for net absorption. Sixteen percent of the development pipeline that is currently under construction and expected to deliver next year has been pre-leased, leaving only 5.7 million square feet available. Given the significant net absorption of the past two years, this is unlikely to satisfy demand, resulting in rising rental rates and decreasing vacancy rates.
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Jan 6, 2023

Q4 2022 Seattle Office Report

Pressure on the leasing market continued to the end of Q4 2022, especially among Class B and C properties. Sale activity stagnated in part because of rising interest rates impacting markets nationally, while confidence in office demand continued to dwindle as companies’ return-to-office (RTO) mandates have yet to broadly materialize. According to the Downtown Seattle Association, only 36% of office workers were coming into the office in October. However, this could change in the new year as the economy slows and technology companies are challenged financially without the ability to seek inexpensive debt to fuel their growth. Some have already laid off hundreds of employees in the area. The power balance may shift from the employee to employer this year, in the face of economic headwinds that give RTO more influence. As a result, this could be an opportune time for companies to seek new space, as competition is poised to increase throughout 2023, particularly among companies more resilient to current economic conditions.
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Jan 5, 2023

Q4 2022 Eastside Office Report

Economic pressures and slow returns to office (RTO) have stymied office market activity on the Eastside. Higher interest rates means that technology companies, who have been responsible for most of the leasing activity over the last cycle, have more expensive cost of funds with which to grow, dampening their appetite for new space. With a competitive employment market, the balance of power has leaned toward employees for the last four-plus years, however this could shift in 2023 depending on how the economic environment advances. Several employers have announced RTO mandates for the end of February, including Snap and Microsoft.
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