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2021 Q3 Office Market Trends

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While some office users have started coming back to work in person, employees are not flocking back to the office as those in commercial office real estate had hoped. Multiple national surveys have shown mixed opinions from workers about returning to the office. Large employers like Google have delayed plans to bring employees back. The Delta variant of COVID-19 and shifting safety protocols have caused many employers to be more cautious about returning to in-person work and are pushing back a return to the office until 2022. Many have declined to take the plunge on signing a new lease or buying an office property. That means the office sector will likely be in a holding pattern through Q4. 

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2021 Q3 Office Market Trends

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Kristen Moore

Senior Associate

Grand Rapids

As a natural communicator, I intend to bring my commercial real estate savvy and expansive network to my new role at Colliers International | West Michigan.

With fifteen years of diverse real estate experience ranging from multi-family development finance with the Inner City Christian Federation, to retail brokerage at M Retail, and property acquisition at Vision Real Estate Investment, I am a well-rounded in all things commercial real estate.  

My forte is forming personal relationships with clients to identify solutions to their current and future needs. Whether its growth or a consolidation, my financial background and current knowledge of the commercial real estate market results in a seamless process, from start to finish.

With this in mind, I look forward to collaborating with Colliers’ fellow experts and strengthening my relationships within the West Michigan community.

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Scott Morgan

Senior Vice President

Grand Rapids

 

Throughout my career as a real estate professional, I have maintained my strong client base and reputation for focus on suburban office properties because of the strong relationships I have developed with landlords whom I continue to represent in leasing and sale transactions.

I pride myself on being extremely up-to-date on significant suburban office developments and trends in the West Michigan market.

Focusing on owner-occupant office building purchases, I use a series of analytical tools, and have been very successful in helping many businesses make their first real estate investment by purchasing their own building.

I also continue to devote more energy to the growing medical and health care industry in West Michigan, and have closed over 50 medical transactions in the past 10 years, representing area physicians in both purchase and lease transactions.

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Tom DeBoer

Senior Vice President

Grand Rapids

As a leading Commercial Real Estate Specialist, I focus on working with general and medical office transactions throughout West Michigan.

I provide services to special projects where technology and analytical skills are required to achieve the best client results. My work with hospitals and medical groups has earned me a respected reputation as a leading broker for medical-related properties.

I have worked with the sale and leasing of data centers, call centers, and numerous special projects that are not considered general office transactions. Also, my previous experience at Whirlpool Corporation afforded me a unique perspective in dealing with corporate clients.

 

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