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Phillip Hernandez | Colliers | Phoenix

Phillip Hernandez

Research Manager

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About

Professional Summary

As research manager for Colliers International in Arizona, I am responsible for proactively developing and implementing research objectives and directing all research activity for the Arizona offices.

I provide leading-edge, thought-provoking research and analysis of market data for use in producing quarterly statistical market reports for each property discipline, as well as other ad hoc reports, research projects and presentations. I analyze and interpret real estate trends and maintain a database of economic indicators to provide forecasts.

Regardless of the property type or sector, I believe each has a story to tell and that data provides the opportunity to redefine the narrative. With a background in location analytics, I am highly experienced in interpreting complex data sets. Using the latest technology, I developed a system to blend analytics with a visually attractive approach to bring data to life.

Focusing on business development, I leverage market intelligence and insights for thought leadership content strategy in support of client engagement. My goal is to strategically align research and business development efforts and present research in an easily digestible format that promotes Colliers’ market share and revenue growth.

Colleagues describe me as a brilliant storyteller and a passionate, creative and experienced professional.

Prior to joining Colliers, I served as a business analyst at CBRE, where I specialized in creating tailored research reports, as well as unique and interactive applications and dashboards that elevated the market position of assets.

I delivered weekly research updates with relevant lease and sale comps, custom competitive sets and current market activity. I provided complex market and trend analyses, monitored an extensive database of proprietary market data, and delivered custom quarterly and annual reports that were strategically positioned towards targeted clients. I also led weekly department research meetings to develop initiatives surrounding market trends, produce innovative industry solutions and analyze client-centric objectives.

Previously, I was a GIS analyst for the central region of CBRE. Working exclusively with top-performing markets, I created unique models that illustrated custom real estate datasets through location analytics. I produced high-quality geographic and demographic maps, and investigated multiple approaches to storytelling through map and market analytics.

Education

  • Bachelor of Science, Geography & Urban Studies, Arizona State University
  • Certificate in Geographic Information Studies (GIS)

Memberships & Involvements

  • Valley Partnership ADVOCATES Program

Services

Service Lines

Research

Property Type

Healthcare-Medical, Hotel, Industrial, Land, Office, Multifamily, Retail

My Team

Featured Research

May 17, 2021

2021 Q1 Greater Phoenix Retail Market Report

The Greater Phoenix retail market ended Q1 2021 posting 246,897 SF of net absorption. Rental rates continue showing signs of growth, despite national headlines of business failures, rising 1.10% year-over-year. Construction continued forward with the market delivering 231,020 SF of new space in the first three months, with an extremely low vacancy rate of only 5%.
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May 3, 2021

2021 Q1 Greater Phoenix Medical Office Market Report

The Greater Phoenix medical office market ended Q1 2021 posting -12,431 SF of net absorption. Rental rates are continuing to grow, increasing 6.2% YOR and 3.1% over-the-quarter, ending at $22.92 PSF. No new product was delivered this quarter, putting pressure on vacancy. Median sales price PSF reached highest point in any quarter in Phoenix history, ending at $373 PSF
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Apr 16, 2021

2021 Q1 Greater Phoenix Industrial Market Report

The Greater Phoenix industrial market for Q1 2021 saw rental rates continue to climb, increasing over 8% year-over-year. Vacancy decreased 80 bps over-the-quarter, while delivering 2.9 MSF, illustrating very strong tenant activity. Product under construction has reach an all-time high and more is in the pipeline.
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Featured News

May 26, 2021

Phoenix retail vacancy drops as leasing activity accelerates in 1Q 2021

Q1 2021 brought positive net absorption to the Greater Phoenix retail market, reports Colliers. Absorption pushed vacancy down and rental rates continue showing signs of growth. Construction moved forward, bringing 231,020 SF of new retail space. Investment sales saw 41 transactions totaling $382 million.
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May 6, 2021

Medical office rental rates rose 6 percent over past year

Colliers reports the Greater Phoenix medical office market posted 6.2% rental rate increases over the past 12 months and investment sales were relatively strong in Q1 2021. Rental rates for medical office rose during the past 12 months and are anticipated to continue rising,
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