Cresa Los Angeles is one of the largest offices of Cresa LLC, the nation’s largest corporate real estate firm specializing in tenant representation and corporate services. Our office tracks local market conditions in five primary geographic submarkets—Westside, South Bay, East Valley, West Valley, and Downtown.
The economic downturn has affected the local real estate market, and while Los Angeles hasn’t been hit as hard as some other markets, leasing activity is now at its lowest level in over a decade. The good news is that these conditions have created a tenants’ market, which gives companies more leverage in dealing with landlords. In this environment, tenants are advised to be patient, deliberate, and strategic. Refer to the Los Angeles Tenant’s Guide for current market specifics such as average rental and vacancy rates.
The Los Angeles office predates Cresa’s founding in 1992. For more than 30 years, we have provided services to meet the diverse needs of business sectors including digital media, entertainment, advertising, technology, aerospace, professional services, and government. In addition to transaction management and site selection, we offer strategic planning and project management, which can help companies meet their overall occupancy objectives. Annually, we handle several hundred transactions on behalf of our valued clients.
With over 40 professionals, our office is led by 11 senior principals who average 20 years’ industry experience. Our team includes Gerald Porter, one of the firm’s founding principals. Our collective goal is to serve the best interests of our clients and to always “do the right thing.” See our Tenant’s Bill of Rights, which reflects our commitment to providing the highest level of service possible.
Our firm and brokers are frequently featured in the press, and our office was recently selected as one of the “Best Places to Work” by the Los Angeles Business Journal for five consecutive year. See News, above right, for more updates.
The Los Angeles class A office leasing market was fairly active in Q1 2013. Many of the tenants that were sitting on the sidelines in Q4 as a result of the uncertainty surrounding the fiscal cliff and the debt ceiling re-entered the market in search of space.
For the full Q1 2013 Tenant's Guide, please click here.
For the full National Tenant's Guide. please click here.