Cresa opens office in Rochester
This article appeared originally on Albany Business Review.
Cresa Albany has expanded west with an oﬃce in Rochester to exclusively represent oﬃce and industrial tenants and owner-occupants in commercial real estate deals.
The new oﬃce will also support Cresa's clients in Buﬀalo, Binghamton, Syracuse and Utica as the ﬁrm continues to grow its portfolio.
Zac Conley, managing principal of the oﬃces in Albany and Rochester, cited three factors in the demand for its brokerage services upstate:
- A large population of college graduates
- Lower cost of living compared to the New York City metro area
- The move toward a "work-from-anywhere" employment model by large corporations during the pandemic.
The oﬃce market in Rochester is more corporate-focused than in Albany, which is more government- and education-based, but Conley said there are similarities.
"There's a lot of startups coming out of RIT right now and other universities," Conley said. "There's more opportunities because more corporations are working remote. We're seeing a lot of employers hire in clusters. For example, 3M might hire eight to 10 people in Rochester. They are working remote but that doesn't mean they don't need some form of oﬃce space."
Large, national companies want to provide employees with a balance between remote and in-oﬃce options, which is forcing them to rethink their leasing plans.
"Just like in Albany, all companies are questioning their oﬃce space and reinventing their oﬃce space and we're helping them to do that," Conley said. "I think there will be a lot of movement."
The Rochester oﬃce at 350 East Ave. is overseen by senior advisers Benjamin Kirnie and Chris Lindner, who recently joined Cresa from the Rochester oﬃce of Pyramid Brokerage Co., a Cushman & Wakeﬁeld aﬃliate.
They're supported by Jodi Emmons, the workplace designer at Cresa Albany.