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J.T. Sand | Colliers | Portland

J.T. Sand

Associate Vice President

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About

Professional Summary

J.T. Sand specializes in the leasing, acquisition, and disposition of office properties throughout the greater Portland Metropolitan area.

He focuses on the Central City market where he has been active in the development and implementation of real estate strategies for landlords and tenants of all sizes.  His expertise includes market analysis, lease negotiations, financial modeling,  consulting, and site selection.

His diversified real estate practice includes the representation of a variety of companies including institutions, Fortune 500 companies, and local startups.  He has a proven track record of successfully implementing real estate solutions for his clients by providing detailed market insight and specifically tailored results.

Education

University of Arizona,
Bachelor’s degree,
Urban and Regional Development

Memberships & Involvements

CASA for Children Ambassador Board Member

Commercial Association of Brokers of Oregon and SW Washington (CAB) Board Member

Testimonials

“I was most impressed by how naturally and quickly J.T. could help me identify top priorities and introduce me to options that I could present to my leadership team with detailed background. J.T. gave me a very quick and thorough education through every step of the process, and made me feel confident in the steps I made… J.T. will be my first call for future commercial real estate needs, and I know with confidence that when I refer friends and business contacts his way they will receive the same trustworthy and professional guidance I have benefited from.” - Andrea Tyler - Operations, inDinero Inc.

Services

Service Lines

Tenant Representation, Landlord Representation

Property Type

Office

My Team

Featured Research

Jan 6, 2023

2022 Q4 Portland Metro Office Market Report

The greater Portland office market experienced negative net absorption for the 12th consecutive quarter in Q4 2022, with quarterly negative net absorption of 483,000 square feet.
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Jul 8, 2022

2022 Q2 Portland Metro Office Market Report

Marking the halfway point of 2022, Q2 brought about deepened challenges to Portland’s office market. Impacted by a growing list of headwinds, 523,000 square feet of space was given back to the market through negative net absorption, bringing the year-to-date net absorption total to -701,000. The conclusion of the quarter marks 10 consecutive quarters of market-wide negative net absorption. Since Q1 2020, over 4.5 million square feet of occupancy has been lost, increasing the vacancy from 10.5% to 17.5% over the same period. For perspective, Portland’s net negative absorption since the start of COVID-19 is equivalent to the US Bancorp Tower fully vacating nearly four times over. Prior to the pandemic’s start, the market historically recorded 186,000 square feet of positive net absorption per quarter on average over a sixteen-year period. Sporting a causal relationship with net absorption, vacancy in the Greater Portland market has also reached a new 20-year high, with a vacancy rate of 17.5%. The vacancy rate is highest in the Central Business District (CBD), where just under 25% of the space is vacant.
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Apr 11, 2022

2022 Q1 Portland Metro Office Market Report

The start of the new year brought minor change to Portland office market fundamentals. Most notable is the confluence of rents in the CBD and Portland’s suburbs with the delta between asking rents in the two market sectors being $0.66 for Class A product and only $0.22 across all building classes. Market-wide vacancy saw a 2.3% uptick year-over-year, from 14.6% in Q1 2021 to 16.9% this quarter.
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