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Q4 2021 Northwest Regional Life Science Report

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Regional Analysis of Life Science Trends

The Life Science sector in the Northwest comprises 49.7 million square feet and an average vacancy of 7.6%. Construction currently sits at 6.3 million square feet underway. Investor appetite is strong with $1.8 billion in total consideration. In many markets private and public investment has also ballooned year to date. These strong fundamentals indicate the industry is poised for further growth.


Q4 2021 Northwest Regional Life Science Report

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Kevin Morgan

President, Northwest/North Central Region and Head of Agency Leasing, U.S.


As President of the Northwest/North Central Region for Colliers International Kevin P. Morgan leads Colliers' operations and business strategy in the region with a focus on developing, recruiting and retaining top brokerage professionals and providing clients with the highest level of service.

With more than 20 years of international commercial real estate experience, Kevin is a strategic operator driving real estate deals, team development, transaction management and negotiations for global real estate portfolios. Prior to joining Colliers, Kevin was Executive Vice President and CEO for multinational corporation Crystal Lagoons, where he led offices spanning 15 countries and managed 55+ real estate partnerships valued at $364M+ in revenue with leading development and investment companies.

Kevin's role with Crystal Lagoons represents his unique skillset in building market leading corporations out of start-up cultures. This role saw Kevin lead a significant portfolio of transactions spanning multi-family, hospitality, retail, mixed-use, office and land in 17 countries across Central America, Latin America, Europe, Middle East, Asia, and Australia.

Prior to his role with Crystal Lagoons, for over a decade Kevin held national and international senior leadership positions with The John Buck Company (JBC), an international real estate development, investment and asset management firm, based in Chicago. JBC has delivered 44M SF of mixed-use real estate, raised $700M+ in private and institutional capital, representing $11B+ in project financing.

During his tenure Kevin launched and co-directed a joint venture real estate development company between JBC and Mubadala Investment Company (an Abu Dhabi sovereign wealth fund). While based in Abu Dhabi, he was a key member of the executive team that led a culturally diverse team of 250 professionals across three business units responsible for $7.5B+ of development projects.

Additional roles at JBC spanned ownership leasing for new office development projects and expanding relationships with new capital partners on a domestic and international scale.

Kevin brings to Colliers a commitment to service excellence and strategic partnership to drive success for its people and its clients.

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Allyn Thorpe

Senior Regional Analyst

Minneapolis - St. Paul

As a Senior Research Analyst at Colliers, Allyn leads the data analysis and market insights for national office agency pursuits, life sciences initiatives and supports strategic business development projects in the Northwest/North Central region. Her extensive background in data aggregation, thought leadership and data visualization supports brokerage professionals servicing the market intelligence needs of key clients.

Prior to joining Colliers, Allyn served as the Americas Office Senior Research Analyst at CBRE Group, Inc. and specialized in national office investor trends. She got her start in commercial real estate in property management, spending two years in multifamily followed by three years managing various office asset types. Her deep background in commercial real estate allows her to effectively track and synthesize large-scale trends across business lines.

Allyn is well versed in CoStar, Real Capital Analytics (RCA), Trepp, LandVision, Oxford Economics, Moody’s Analytics and LexisNexis. She also has extensive experience building and maintaining databases.

Outside of commercial real estate, Allyn enjoys traveling, cooking and eating out at up-and-coming restaurants.

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