Welcome

Thank you for visiting the web page of Cresa's newest office: Cresa East Bay. Managing Principals Scott Stone and Matt Elmquist, along with their team of advisors, formerly with AEGIS Realty Partners in Oakland, joined Cresa in January 2012, adding an established East Bay presence to Cresa's Bay Area offices. The East Bay office works closely with Cresa San Francisco and expands Cresa's Bay Area leadership position as the region's largest tenant representative firm. Affiliated Bay Area offices include Cresa San Jose and Cresa Palo Alto — with an additional Northern California office in Sacramento.

Overall, Cresa offers companies a stable partner with no debt, proven results, and a growing talent pool. We look forward to adding value to your organization.

Vision

As a real estate services partnership, our team provides strategic and customized real estate solutions for occupants, implemented through our global platform, without conflicts. 

We value small and large clients equally and have the flexibility to scale our services to provide the resources necessary to implement solutions, ranging from a one-time local real estate transaction to managing all aspects of a global real estate portfolio through our comprehensive services platform.  Services include Transaction Management (acquisitions and dispositions), Project Management, Strategic Planning, Capital Markets, and Lease Administration. Our clients have portfolios ranging in size from 1,000 square feet locally to 12 million square feet globally.

Our clients typically view our advisors as an extension of their internal resources, often integrating our team to the point that our company brand becomes invisible to their internal customers.

Experience

Our team averages 15 years' experience within the real estate industry.  We have expertise in many industries and have developed the following areas of specialization:

  • Law and Professional Services
  • Technology
  • Life Science
  • Media
  • Clean Technology
  • Healthcare
  • M&A/Restructuring
  • Nonprofits

Market

As velocity continues to improve in the East Bay area, Cresa's East Bay office provides value-added opportunities to companies. Whether companies are looking to renew, expand, or relocate, we offer The Tenant's Advantage, promising no conflicts of interest and providing full corporate services to companies in high-tech, biotech, and other industries, as well as offering investment sales expertise.

With over 114,000 million square feet of office and R&D inventory, constituting a wide range of asset types, the East Bay is home to a diverse group of corporate leaders and organizations such as Pixar, Clorox, Kaiser Permanente, Chevron, AT&T Corp, Safeway, Cost Plus, and Lawrence Livermore Labs.  The East Bay also includes an eclectic mix of cultural and architectural environments. From the Tri-Valley area in the southeast corner to Oakland, Berkeley, and Emeryville in the northeast, the East Bay offers many attractive benefits to companies. The local economy has always been fueled by the proximity of business to San Francisco and the Silicon Valley as well as the University of California at Berkeley.

The East Bay office market experienced positive absorption through the 4th quarter of 2011. The overall vacancy rate was 12% in the fourth quarter, compared to 12.5% in the third quarter. The class A category recorded 10.8% vacancy, while class B was 15.0%. Demand for class A office space has increased over the past year, due to companies that have expanded their workforce and are able to afford more space due to lower rental rates. Vacant sublease space in the market only accounts for 0.4% of the total vacancy. As our economy slowly recovers in 2012, we expect to see a continued trend among commercial real estate executives to consider the East Bay versus the relatively more expensive and constrained San Francisco and Silicon Valley markets. For more detail regarding our local market, please see the East Bay Tenant’s Guide.

Company

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, Strategic Planning, Workforce and Location Planning, Subleases and Dispositions, Portfolio / Lease Administration, Capital Markets, Sustainability, Industrial / Supply Chain and Facilities Management. With more than 55 offices, Cresa is the largest tenant representation firm in North America. Through its alliance with Savills, one of the world's largest commercial real estate services firms, Cresa covers more than 255 locations in 40 countries.