Accurate and well-organized data is the backbone of your portfolio.
Overseen. Never overlooked.
With a tenured and experienced team, we bring extensive knowledge and best practices to day-to-day lease administration and accounting processes. From single lease abstracts to the integration of a complex global portfolio, our experts can help you explore the opportunities that come from having well organized and up-to-date data at your disposal.
Critical date tracking
We provide regular reporting on all critical dates to ensure nothing is overlooked. Our dedicated account resources work with you to review upcoming options, LEDs, terminations, expansions, consolidations, rent reviews and more.
We ensure all invoices comply with the terms of your lease before approving and relinquishing payment.
We ensure the financial impact of your leasing activity is accurately reflected on your financial statements.
Lease audit & enforcement
Acting as your advocate, we’ll review past and current landlord billing practices to ensure compliance and achieve cash recovery and cost avoidance.
Stephanie has nearly 10 years of experience in the real estate industry. She is responsible for revenue generation, account P&L management, profitability and overall financial performance for nearly 100 client accounts and oversight of a team of 40 people.
Suburban office vacancy has dropped to 17.96% for the second quarter of 2022 and rental rates are holding steady or increases are being offset by inducement packages offered by the landlord. With increased construction costs, tenants are looking for move-in ready space to circumvent the expenditures and long lead times.
Overall downtown vacancy has dropped slightly to 29.28% for Q2 and market activity has been slow and steady through the summer. We saw a modest amount of positive absorption of 140,372 sf due to companies solidifying their hybrid work policies. Going forward for the remainder of the year and into 2023, tenants looking to refresh their space or relocate, construction costs will be a pain point as long as inflation stays high.
Rivers most recently worked at JLL, where he was Florida market leader from September 2018 to February of this year. The Florida market leader position is a new role at Cresa.
The Massapequa, New York, native said the tenant rep business has been irreversibly changed by the pandemic. That makes what Cresa does even more important, Schementi said.
Other firms represent both sides of our business, and that’s very significant to our clients. There is an inherent conflict of interest there that we do talk about. We’re free of that. It feels different. It informs how we do our work and I know we do better work because of that.