As we approach year end, we have seen a noticeable increase in activity in the downtown core. More and more people are back to work, Plus 15 walkways are busy again, restaurants are filling up over the lunch hour and traffic is backing up as in years past. Optimism is seeping back into day-to-day activity as companies solidify their return to work strategies and the downtown core is becoming, once again, vibrant.
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.
At Cresa, we are heavy users of office space and demand a lot from it, understanding that space is not just a place to work, but can have a key role in productivity, recruiting and retention, culture and ultimately business success.
Commercial real estate is inherently stacked against the tenant. If you are not being represented, there is a good chance you are leaving money on the table.
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.
Cresa, the world’s largest occupier-centric commercial real estate firm, has added three more advisors to its local team, announced Cresa Chicago Market Leader Tad Laws.
Megan Koren sits on the HQ team as Vice President, Strategic Initiatives & Operations, and resides in Phoenix. Outside of work, she is a force for good, volunteering her time with various organizations that impact the lives of children for the better.
Closing out Q3, the downtown market’s overall vacancy was 18.75%, rising slightly from 18.53 in Q2. The Financial vacancy increased slightly to 18.38% from 18.35%. Government vacancy increased to 19.73% from 18.99%. This represents about 80,000 square feet of additional space available downtown.