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2020 Q2 Industrial Viewpoint Report Boston Colliers

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The Greater Boston industrial market posted strong numbers in Q2 2020 with continued activity throughout the area, while other asset types have continued to struggle and stall in the face of the current business climate. Overall, 262,000 SF of net absorption sent the current vacancy rate to a 15-year low of 8.6% for the market. New and renovated space coming online, along with strong market activity, created a 4.2% gain in aggregate rents for the second quarter, with the largest gains in the South and West markets. Development has also pushed forward in 2020, with more space already delivered than in all of 2019 and more in the pipeline. Both build-to-suit and speculative construction projects are underway across the market and showing few signs of slowing.

2020 Q2 Industrial Viewpoint Report Boston Colliers

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2020 Q2 Industrial Viewpoint Report Boston Colliers

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Aaron Jodka

National Director of Capital Markets Research

Boston

As Director of Research | U.S. Capital Markets, Aaron is responsible for all aspects of research within the Capital Markets platform. He synthesizes and interprets a variety of data and information to stay ahead of trends that put our clients in an optimal position to make informed decisions. Aaron promotes the Colliers brand via best-in-class research reports, weekly insight posts, thought leadership, and contributions to numerous panels, media outlets, and industry events.

Aaron collaborates with every team at the firm and wears many hats: in-house economist, advisor, consultant, thought leader, strategic business analyst, presenter, and, of course, researcher. He connects with various industry experts within the Colliers organization to provide a customized solution for each client.

With a deep understanding of markets throughout the country, he provides a unique perspective on market dynamics across asset types and investment strategies, providing clients with tailored data and analytics to ultimately guide decision-making solutions.

Before joining Colliers, he spent 11 years with Property & Portfolio Research (PPR), now CoStar Portfolio Strategy. There, he advised institutional clients on their commercial real estate investment strategies across property sectors and also spoke at industry events, quarterly CoStar webinars, and in front of client audiences. Aaron also led and directed a team of economists who monitored property markets across the United States. Near the end of his tenure, he helped establish a new business unit at CoStar, leading in the hiring, training, and coaching of a team of 50 market analysts. 

Outside of the office, Aaron can be found cheering on his children at their extracurricular activities. He also enjoys hiking, travel, relaxing at home or at the lake, or plugging away at one home project or another. Last but not least, he's an avid fan of Boston sports teams.

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