Supply chain disruptions have driven construction costs well above core inflation rates and with the rapid increase, the ability to have a reasonable outlook on how long things are going to take and how much they're going to cost has become a real challenge.

Megan Koren sits on the HQ team as Vice President, Strategic Initiatives & Operations, and resides in Phoenix. She is currently responsible for optimizing and operationalizing corporate goals. With a strong understanding of business processes and financials, Megan recommends process changes to optimize company performance. She collaborates, cross-functionally, with colleagues representing various Cresa verticals and functional departments to achieve common objectives.

In an ideal world, sustainability has a seat at the table throughout each process along the company value chain. Beginning with site selection and acquisition, to the type of energy that's purchased to the way that materials are used and disposed of within a space.

Our culture is what sets us apart. We know it’s the enthusiasm we bring to what we do that makes our teams so successful. Over the past year, Cresa was honored with Best Place to Work awards from across the country.

As we celebrate Veteran’s Day, our gratitude goes out to all who have served as well as to their families and loved ones. We are thankful for the leadership and courage they have shown as well as the sacrifices they’ve made. At Cresa, we are honored to work with many veterans and military families. We find that many of the skills gained in military service not only translate to a business environment but, serve them particularly well within the commercial real estate industry.

Distribution facilities around deep-water ports are experiencing a perfect storm of consumer demand and increased pressure on supply chains. As a result, legacy occupiers and tenants in the market are finding it increasingly difficult to find space that makes financial sense.

The Copenhagen-based luxury designer inked a five-year-and-five-month lease to relocate its offices and showroom to 5,750 square feet on the top floor of the five-story Tribeca building, according to tenant broker Cresa. Asking rent was $68 per square foot.

We are living through a uniquely transformational period, with multiple factors contributing to ongoing uncertainty. A challenging time for sure, but also a unique opportunity to remake your physical footprint to meet the needs of today and the future, while creating fresh value for customers. Let's take a look at how we can create opportunities with today's unpredictable supply chains.