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Tom Knecht | Colliers | Portland

Tom Knecht

Senior Associate

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About

Professional Summary

Tom Knecht comes to Colliers from Capacity Commercial Group, where he worked with a top producing industrial team for the last 6 years.  At Capacity, Tom focused solely on industrial properties where he represented users and owners in the Portland metro area.  Tom has experience working with both local and institutional clients, primarily in the north and northeast submarkets of Portland.  Two notable speculative developments Tom worked on while at Capacity were Vista Logistics Park (Specht/NYL) & Logisticenter 185 (Dermody).  Tom represented three local landlords who transacted on over 165,000 SF of space in 2021 alone.  On the tenant side, Tom has sourced over 200,000 square feet of leasing deals including deals with logistics-based companies XPO Logistics & KAG West.  On the user sale side, Tom has transacted on over $10 million worth of assets for his clients.  Tom is a member of Urban Land Institute and sits on the board for the Commercial Association of Brokers.  Prior to working in the industry, Tom attended Linfield University in McMinnville, where he studied Business Management and played on the football team.  Tom enjoys golfing, skiing, hiking, and spending time with his wife, Annie, and their two dogs.

Services

Service Lines

Landlord Representation, Tenant Representation, Capital Markets

Property Type

Industrial

My Team

Featured Research

Jan 11, 2023

Portland Industrial Market Report Q4 2022

Net absorption of Industrial space across the Portland market equaled 1.5 million square feet in the final quarter of 2022. Over the last 12 months, net absorption totaled 4 million square feet, a 25% increase over the prior 12 month period. As a result of the continued trend of positive net absorption, the total vacancy rate fell from 3.7% to 3.4% in Q4 2022.
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Oct 11, 2022

Portland Industrial Market Report Q3 2022

Demand for industrial space in the Portland market remains elevated through Q3 2022 with 766,000 square feet of net absorption occurring during the quarter.
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Jul 13, 2022

2022 Q2 Portland Industrial Market Report

Portland’s industrial market continues to grow as developers look to meet demand and larger projects begin to deliver. Through Q2, more than 1.6 million square feet of new construction has been delivered. These deliveries are primarily driven by Warehouse-Distribution product, which accounts for 95% of the square footage delivered year-to-date. The remaining development pipeline remains robust with 9.8 million square feet currently under construction, 3.2 million square feet of which is specualtive. It should be noted that 3.9 million square feet of the 6.7 million built-to-suit pipeline can be attributed to Amazon and Trammell Crow’s Project Basie in the Salem area. A first for both submarkets, the average direct asking rate on a triple net basis (NNN) for all product types in the Westside and Clark County submarkets has surpassed $1.00 per square foot. Both submarkets are also development hotspots with 3.4 million square feet under construction. Market-wide vacancy rates for all product types remain relatively unchanged from the prior quarter, but compared to the halfway point of 2021, vacancy has fallen by 100 basis points to 3.9%. Headlining the notable sales for the quarter was Melvin Mark Companies and junior venture partner Becker Capital Management’s sale of a six-property portfolio in Tualatin, which serves as the Pacific Food headquarters. This portfolio, which totaled 158,000 square feet, traded for $275 per square foot and was purchased by California-based The Brookhollow Group.
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