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Mike Thomas | Colliers | Portland

Mike Thomas

Senior Vice President

License # OR #961000020; WA #10781

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About

Professional Summary

Mike joined Colliers International in 1996 and has been involved in commercial real estate since 1985. He specializes in leasing and sales of office and light industrial properties in Beaverton and the Sunset Corridor. In addition, he is part of a select team that is leading local and State development efforts to recruit alternative energy companies to Oregon. He has traveled nationally and internationally with various delegations to promote Oregon within the solar energy industry.

For the first decade of his career, Mike traveled nationally as a commercial real estate appraiser. He performed appraisals for institutional grade properties including: regional malls, shopping centers, industrial parks, office buildings, hotels and multi-family residences. Mike moved to Portland from Dallas, TX in 1994 and transitioned into brokerage with Colliers in 1996, where he has established himself as an expert in leasing and sales of office and light industrial properties.

Accomplishments

Mike's aptitude for structuring highly complex transactions through his network of local contacts has been imperative in bringing transactions together. In addition, Mike was named one of Colliers' Top 5 Portland Producers of the Year.

Education

MBA, Santa Clara University

Bachelor of Science, Texas A&M University

Colliers University "Knowledge Partner" Designation

Memberships & Involvements

Commmercial Association of Brokers, Greater Portland Inc, Hillsboro Chamber of Commerce.

Clients

Majestic Realty Co, Principal Global Investors, Pacific NW Properties, Watumull Corporation, Lattice Semiconductor, SSOE Group, St. Laurent Properties, SunPower, Hinds Instruments

Testimonials

"Mike Thomas provided excellent service. He always replied to all our questions through email and gave us many options to look at. We are still with him now on a few other properties." - Universal Garden Supply and Manufacturing

"Integrity. Loyalty. Creativity. Strong work ethic. Smarts. Kindness -- Mike Thomas in a nutshell, and why he constantly tops our “favorite” broker & friend list." -  Evan Bernstein, Partner, Pacific NW Properties

"Having represented the interests of St. Laurent Properties since 2003 in deals valued at over $100 million, Mike Thomas brings a unique approach combining high integrity with comprehensive market knowledge to enable him to advise our team on critical issues such as pricing properties for sale and lease, negotiating with clients to have successful outcomes that serve our interests in the best possible way, and provide general information on property management. I always feel confident that Mike will represent our best interests truthfully and honestly while still taking care of high-quality clients. Mike is a trusted advisor." -  William St. Laurent

Services

Skills

Development Consulting

Service Lines

Tenant Representation, Landlord Representation

Property Type

Industrial, Office, Land

Featured Research

Oct 13, 2021

2021 Q3 Portland Industrial Market Report

Portland’s lack of available industrial land continues to push market activity to the fringe of the metropolitan area. The lone delivery this quarter is a 90,000 square foot owner-user warehouse in Canby, Oregon, which is 30 minutes south and east, but still strategically close to the ever-important I-5 Corridor. With 2020’s above average new supply (more than 3.5 million square feet of new industrial space) being occupied, vacancy is beginning to turn from a high of 5.1% in the first two quarters of this year back down toward 4.0%. With limited expected deliveries this year and next, vacancy is likely to remain in this range for the foreseeable future. The largest sale by transaction value this quarter was $16.2 million, a fully leased 100,000 square foot distribution center that was sold off-market for institutional capital in the traditionally tertiary Orchards submarket. As industrial product remains a highly desirable asset for investment, buyers will have stiff competition and sticker shock as prices continue to trend upwards.
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Jul 14, 2021

2021 Q2 Portland Industrial Market Report

Small to mid-sized users across Portland’s industrial market emerged this quarter with increased confidence in the economy. Needing more stability to make leasing decisions than large users, who have more capital to weather uncertain times, these end-users are beginning to sign leases for space that will occupy later this year and early 2022. Low-interest rates are also encouraging owner-user deals, as operators look to maximize the value of real estate. For example, Composites One, a composites materials distributor, built a 72,000 square foot warehouse in Clark County and is offering a portion of the space they will not need to a tenant. At the larger end of the spectrum, e-commerce drives demand that close-in submarkets cannot fulfill, meaning Portland continues to expand south toward Salem and north toward Seattle, where more land is available for development. As available space dwindles throughout the next six to twelve months, rents will continue to push upwards, creating value for owners in the market and challenges for companies looking to take space.
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Jul 9, 2021

Q2 2021 Portland Metro Office Report

Portland’s office market was buoyed by positive leasing activity news this quarter: nine leases over 25,000 sq. ft. were signed, including several renewals of major tenants in Class A towers downtown. Tenants new to Portland include Apple and Lululemon, locating in Sunset Corridor/Hillsboro and NW Close-in, respectively. With Oregon schools opening for in-person instruction this fall, there will be more reasons for people to return to working from their physical offices, spurring economic activity downtown. Overall vacancy in the CBD has surpassed 20.0% this quarter after increasing 5.6% in 4 quarters, increasing from 15.4% one year ago to 21.0% now. Rents on new construction will remain firm but concessions will continue to chip away at net effective rents until there is more demand than supply.
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