Thank you for visiting the web page of Cresa’s Boston office, the headquarters of Cresa LLC, North America’s largest corporate real estate advisory firm specializing in tenant representation. Our experienced market specialists serve Massachusetts, Rhode Island, New Hampshire, and Connecticut. In addition, through our strategic alliance with Savills, we cover North America, Europe, and Asia Pacific.
Since our founding in 1985, our Boston office has offered clients an objective, stable business partner with no debt, increasing revenue, a growing talent pool, and a dedicated staff (two-thirds of our employees are equity stakeholders). During this time, we have been awarded numerous industry accolades as we strive to align tenants’ business plans with their real estate needs, consistently saving clients money and increasing their productivity.
Since we exclusively represent tenants, not landlords, we avoid potential conflicts of interest. Our delivery of non-biased, integrated corporate real estate services—such as Strategic Planning, Project Management, and Transaction Management—distinguish us from traditional firms. Our collaborative culture features 50+ professionals who work closely together and are also engaged in many public service efforts.
Our team of real estate advisors, project managers, strategic planners, analysts, and space planners listen to our clients’ needs, examine market conditions, analyze options, negotiate terms, and manage the design and construction of projects to customize the best occupancy solutions. Our clients, with portfolios ranging from 1,200 square feet locally to 12 million square feet globally, typically view us as an extension of their staff.
The Greater Boston area continues to have a strong mix of business activity, including a significant presence in education, healthcare, financial services, technology, biotech, medical devices, clean energy, and other professional services.
Our office tracks local real estate market conditions in multiple submarkets—downtown Boston, Cambridge, Route 128 North, Mass Pike/Route 128 West, Route 495 North, Route 495 Central and Metrowest, the inner suburbs, Providence, etc.—with expert advisors in each area.
Commercial real estate conditions are changing, and Greater Boston represents a bifurcated market, ranging from very tight vacancy in East Cambridge, the Back Bay, and the upper floors of towers, to substantial inventory in most outlying areas. Overall, Boston, Cambridge, and some of the inner suburbs have seen significant leasing activity over the last year, resulting in lower vacancy rates and creating a shift to more of a landlord’s market. This is especially true in the hot markets cited above for requirements between 25,000-75,000 square feet. Meanwhile, Route I-495 and many Route 128 markets still favor the tenant in both rental rates and availability. Throughout the area, many landlords are interested in working with new and existing tenants on longer-term lease commitments in exchange for locking into rates that may be favorable to the tenant. We provide real-time market data and interpretation to help tenants leverage their position in the market. Please refer to the Boston Tenant's Guide and Submarket Tenant Guides for current market statistics.
Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Corporate Solutions, Portfolio Strategies, Location Planning, Lease Administration, Capital Markets, Mission Critical Solutions, and Facilities Services. With more than 58 offices, Cresa is the largest tenant representation firm in North America. Through its partnership with Savills, one of the world's largest commercial real estate services firms; Cresa covers more than 173 locations in 40 countries.
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Boston Office Tenant Report: Year End 2013
December 2013 – Happy New Year, Happy Old Year
October 2013 – Lease Accounting Changes are Coming, and Tenants Need to Be Prepared
September 2013 – Watkins Research Ranks Cresa #1 in Client Advocacy
August 2013 – As Summer Winds Down, Boston and Cambridge Markets Grow Hotter
July 2013 – Expense Audits: A Timely Way to Protect Tenant Rights
June 2013 - Best People Plus Best Place... It Adds Up to Your Best Space
May 2013 - In Search of "Cool, Creative Space": How Does Your Workplace Shape Up?
March 2013 (2) - Does Working at Home Work for You?
March 2013 - The Virtual Workplace Revisited: How to Overcome Challenges
February 2013 - Is Your Office Growing in Strange Ways?
January 2013 - The Research Is In: The Virtual Workplace Is Here to Stay
October 2012 - Integrating Services to Improve Efficiencies: Transaction Management & Project Management
September 2012 - Get Upfront about Project Management: Look Beyond Rental Rates to Realize Savings (Part 2)
August 2012 - Get Upfront about Project Management: Look Beyond Rental Rates to Realize Savings (Part 1)
July 2012 - Boston Office Market Forecast: Real-Time Market News
June 2012 - The Road Back Home for Jobs? More Companies Consider the Advantages of Onshoring
May 2012 – Celebrating 20 Years of Tenant Representation in New England; Kudos to Pioneer Bill Goade
April 2012 - How Can Your Brokers Represent Your Best Interests If They Are Beholden to Landlords?
March 2012 - Does Your Broker Really Represent Your Best Interests? It Starts with Transparency
February 2012 - Unemployment Rate is Falling, But Massachusetts Leads the Nation in Underemployment
January 2012 - New Year, New Look: New Opportunities for Tenants