"We believe in standing shoulder to shoulder with our clients in partnership."
- Rich Rhodes, a Managing Principal at Cresa Washington DC explains the company's philosophy and approach to tenant representation in this video.
Cresa is an international corporate real estate advisory firm that exclusively represents Tenants. As professional real estate advisors, we are passionate about understanding the needs of our clients and strive to deliver exceptional service for the long term. We collaborate with clients to provide service-oriented rather than transaction-oriented counsel. By choosing to represent the interests of Tenants alone, Cresa avoids conflicts of interest.
As a company exclusively representing office space users, Cresa is able to serve these ever-growing tenant needs through its three offices in DC, Maryland, and Virginia. Led by principals with a combined 60+ years of experience in the real estate industry specific to the DC region, Cresa Washington DC has a proven track record of providing long-term business planning solutions which meets their clients’ real estate strategic needs and ultimately saves their clients money.
Our mission is to provide customized solutions exclusively for corporate space users by offering fully integrated services that align their real estate needs with their business plans, delivering maximum cost savings and exceeding expectations.
Our vision is to be the exception in the commercial real estate industry: A company that is service-oriented rather than transaction-oriented, with advisors who are client focused not deal focused.
We are guided by the concept, “Do the Right Thing,” both internally and externally. We will always do what is right for the client’s best interest and put that interest before our own. We treat our clients and employees with respect, dignity and fairness in all matters.
With over 420 million square feet of competing office space, the Washington, DC metropolitan area is one of the largest markets in the United States. The region encompasses portions of Maryland and Northern Virginia along with the city limits of the District. Market statistics and demographic information within the area are usually calculated and viewed by submarkets. Each submarket represents a specific community with its own unique characteristics, with average rental rates that can sharply vary within each one.
District of Columbia. Our nation's capital of Washington, DC ranks among the most highly regarded cities in the world. It is home to one of the highest concentrations of museums and cultural institutions and attracts a highly diversified population. The DC region has the second largest office market in the United States, with the Washington, DC proper containing roughly a third of the area’s inventory.
Submarkets for the District are divided into specific clusters, such as Capitol Hill, CBD (Central Business District), Georgetown, Uptown, NW, SW, SE, West End, and East End.
Maryland. The proximity to the Federal Government‘s principle pharmaceutical funding and regulatory agencies has made Suburban Maryland into one of the Nation’s largest biotech markets. The region has roughly a quarter of the area’s inventory; is home to the National Institutes of Health, Food and Drug Administration and various pharmaceutical companies. The area is served by a well-developed mass transit system, large healthcare and medical research institutions, and a robust amenity base.
Most of the activity in the Maryland suburbs comes from Montgomery County, and intermittently from Prince Georges and Howard Counties. The main clusters include the I-270 corridor, Rockville/Gaithersburg, Chevy Chase/Bethesda, Greenbelt, and Silver Spring. Slower moving than the previous two, the office market in Maryland reacts less vigorously to trends and changes, affecting its vacancy and absorption activity on a more measured scale. An example of that planned growth comes from the incubation of the bio-tech community, among several other industries, which has slowly gained momentum within Maryland, partly as a result of Montgomery County’s economic development efforts to lure this growing industry to the area.
As a company exclusively representing office space users, Cresa is able to serve these ever-growing tenant needs through its three offices in Maryland, DC, and Virginia. The DC office has a proven track record of providing long-term business planning solutions which ultimately saves their clients’ money.
Welcome to Cresa's Lease Audit Division, the Washington, DC region’s leader in operating expense and real estate tax pass-through reviews. We specialize in thoroughly examining our clients' lease documents to assure that their lease and accompanying pass-through expenses are being properly administered by the landlord. In our experience, we find that a majority of landlord pass-through statements require further review, and half the time our closer look results in savings for our clients. Please contact us to learn more on how our success has saved our clients millions of dollars in the past few months alone.
Why do a "desktop" audit?
Contact our Lease Audit Services for more information.
Senior Vice President
Andrew J. Board