Strategic right-sizing and relocation to align with a hybrid workplace model

Client Objectives

The American Society of Anesthesiologists (ASA), a physician-led medical society dedicated to advancing patient safety, education, and advocacy, engaged Cresa to evaluate its long-term real estate strategy. With four years remaining on its existing lease, the organization sought to right-size its footprint in alignment with a newly adopted hybrid work policy while maintaining access to quality amenities and preserving a strong downtown presence.

STRATEGIC PLANNING

Cresa’s team guided ASA through a strategic planning process to evaluate occupancy options, including the early termination of their existing lease. By exercising their termination right, ASA was able to reduce future real estate costs and pursue a workspace that better supported their operational goals.

The market proved highly competitive for the preferred suite, requiring a nimble and collaborative approach. Cresa worked closely with ASA’s board to refine the offer strategy, ultimately securing the space ahead of competing tenants. Cresa’s Project Management team then supported the move coordination and ensured a smooth transition into the new, amenity-rich environment.