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H1 2020 Office Research & Forecast Report

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Key Takeaways

  • WillowTree Inc. began moving into its new 85,000 square foot office space in the Woolen Mills redevelopment complex during the first half of the year. By 2025, the firm is expected to generate 1,412 jobs and $148.6 million of value added economic activity for the Charlottesville metro area.
  • Dairy Central, a mixed-use development project, delivered 51,226 square feet of class A office space during H1. Upon completion, the project is set to offer 180 luxury apartments, over 30,000 square feet of retail, along with 6,000 square feet of event space. The building is currently 71% leased including major tech tenants CoStar Group and Dexcom.

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H1 2020 Office Research & Forecast Report

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Related Experts

Carolyn Shears

Senior Vice President

Charlottesville

Carolyn Shears specializes in tenant representation and investment sales in Central Virginia. She advocates for and advises her clients through the complexities of real estate lease and sale transactions. Since 2007, she has been a Senior Vice President with the firm, and prior to that time she was the principal broker of her own commercial real estate firm.

Carolyn’s clients benefit from her market knowledge and expertise gained over the course of her extensive career which spans over thirty years. Carolyn is able to leverage her experience to attain the best possible outcome for her clients, whether that be keen negotiating to achieve cost savings for her corporate clients or finding the ideal location in spite of a market with limited inventory. She has assisted numerous Charlottesville-based companies with commercial real estate requirements in multiple markets--both domestic and international locations.

Focusing on investment sales enables her to parlay her over ten years of commercial real estate appraisal background in to a concrete asset that her investor clients have come to depend upon. She works hard to create a competitive market in order to maximize profits for her investor clients.

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Casimer Kawecki

Vice President

Charlottesville

With over 15 years of professional experience in the commercial real estate industry across multiple markets, Cass Kawecki leverages his acquired knowledge, resources and relationships to consistently create advantage for his clients. He has negotiated the closing of over $500 million in property transaction volume during his career to date. 
 
Cass has a tremendous depth of experience with investment property sales, having transacted across all property types and scales including land, multi-family, mixed-use, industrial, retail, office and adaptive redevelopment properties. His clients have included local and regional private investors and developers and institutional owners including lenders, special servicers and public and private REIT's. 
 
Through his occupier services role, tenants rely on Cass as a trusted advisor, advocate and strategic partner. His clients include many of the largest and fastest growing companies with a presence in the Charlottesville area. Through Cass' attention to financial detail and ability to lead a structured process that drives competition in the market, he helps his clients to achieve their occupancy requirements while exceeding their financial and strategic objectives. 

Cass' prior experience includes directing operations for the CBRE Private Client Group in Pittsburgh and leading sales and marketing for a mixed-use developer in Charlottesville. Cass is a recognized expert in his field and has taught graduate-level real estate development and finance courses in his spare time for both Carnegie Mellon and the University of Virginia.

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Komail Khaja

Director - Research

Richmond - North

Komail is the Director of Research for Central, Western, and Southeastern Virginia.  As of February 2022, Komail also oversees research operations in Raleigh, NC.  He joined Colliers | Virginia in January of 2019.

Komail oversees research operations throughout the region, manages the Research Analysts in the company, and supports all the company’s brokers primarily in the Richmond and Norfolk offices.  He began his real estate career in 2014 as a Real Estate Services Manager for the Fairfax County Economic Development Authority and then moved to CBRE as a Business Research/Data Intelligence Analyst.  He provides valuable customized research data which includes market trends, lease and sale comparables, GIS mapping, economic information and more.  In addition, he is also responsible for quarterly market reports, maintenance of the company research database, and tracking notable news/patterns pertaining to the local real estate market.

His foundations are in Geographic Information Systems (GIS), data visualization, urban planning, demographics, and business development. 

Komail understands the needs of clients and works to deliver top-notch market research and analysis to help our sales professionals deliver the best service to their clients so they can make the most informed decisions on their real estate needs.

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