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Cresa Orlando
221 NE Ivanhoe Boulevard
Suite 330
Orlando, FL 32804
407.648.0330 tel
407.422.1273 fax
Email
Map/Directions

Contacts

Sarah Castor
Managing Principal
Email
407.409.8689 tel
John Gay
Managing Principal
Email
407.409.8695 tel
Craig Castor
Principal
Email
407.409.8690 tel

Orlando

 

Welcome to Cresa Orlando where we are part of the nation's largest commercial real estate firm exclusively representing tenants. By not representing landlord interests, we bring our clients a conflict-free philosophy that assures their interests come first. Our entrepreneurial spirit and collaborative environment bring a fresh approach to office and industrial users of space.

We are able to integrate a full complement of services to include Capital Markets, Corporate SolutionsFacilities Services, Industrial Services, Lease Administration, Site Selection, Data Center Solutions, Strategic PlanningProject Management and Transaction Management, depending on the client's need for each project. Cresa’s global platform allows us to serve our clients not just locally, but nationally and internationally. 

MISSION

Our mission is to provide customized solutions exclusively for corporate space users by offering fully integrated services that align their real estate needs with their business plans, delivering maximum cost savings and exceeding expectations.

VISION

Our vision is to be the exception in the commercial real estate industry: A company that is service-oriented rather than transaction-oriented, with advisors who are client focused not deal focused.

VALUES

We are guided by the concept "Do the Right Thing" both internally and externally. We will always do what is right for the client’s best interest and put that interest before our own. We treat our clients and employees with respect, dignity and fairness in all matters.


  • Orlando Industrial

    Warehouse

    Supply
    159,993,116 SF
    Vacancy
    4.6%
    Absorption
    1,303,296 SF YTD
    Avg. Lease Rate
    $5.87/SF
  • Orlando Industrial

    Flex

    Supply
    28,683,6631 SF
    Vacancy
    6.9%
    Absorption
    379,621 SF YTD
    Avg. Lease Rate
    $9.78/SF
  • Orlando Office

    Class A

    Supply
    26,690,833 SF
    Vacancy
    8.6%
    Absorption
    57,029 SF YTD
    Avg. Lease Rate
    $24.29/SF
  • Orlando Office

    Class B

    Supply
    50,014,882 SF
    Vacancy
    7.9%
    Absorption
    651,957 SF YTD
    Avg. Lease Rate
    $19.44/SF
  • Orlando Office

    Class C

    Supply
    28,802,640 SF
    Vacancy
    5.1%
    Absorption
    149,146 SF YTD
    Avg. Lease Rate
    $17.01/SF

Market Insights

A strong economic comeback and robust job growth have helped fuel the office vacancy recovery in Orlando.  Recently, strong demand (roughly 2.5 million SF in 2016 alone) has combined with an absence of new supply (cumulative inventory grew less than 0.5% per year from far less than the 3% from 2000-2010) to push vacancies to their lowest point since the recession. However, the metro received welcome news, when it was announced Downtown Orlando would see its first office-component tower in over a decade break ground in 2017. Despite the much-needed space infusion, there are still less than 650,000 SF under construction across the metro. This should allow vacancies to continue compressing, especially as long as office-using employment maintains its healthy growth pace.

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People

Craig Castor Principal 407.409.8690
Sarah Castor Managing Principal 407.409.8689
Michael Danforth Advisor 407.409.8697
John Gay Managing Principal 407.409.8695
Jonathan Hughes Senior Advisor 407.409.8687
Gary Klein Senior Vice President, Project Management 407.409.8712
Susan Ruby, SIOR Senior Vice President 407.409.8699
Michael Seaman Senior Vice President 407.409.8694
Katie Seeley Operations Manager 407-648-0330
Alicya Simmons Senior Vice President 407.409.8716

News

Success Stories

Client Location Sq. Footage
Charles Schwab Orlando, FL  129,000 
CIBER Orlando, FL  9,000 
Fidelity National Title Group Maitland, FL  35,822 
Florida's Blood Centers / OneBlood Orlando, FL  Multiple Locations 
Independent Banker's Bank Lake Mary, FL  19,000 
Orange County Convention & Visitors Bureau dba Visit Orlando Orlando, Florida  45,000 
PowerGrid Engineering (PGE) Lake Mary, FL  20,992 
STAR Systems Maitland, FL  120,000 

Subleases & Sales

Property Available Space Rental Rate
Sublease: 3191 Maguire Boulevard, Orlando
3191 Maguire Boulevard
Suite 160
Orlando, FL 32803
2,126 SF $19.00/SF FSG
Sublease: Northpoint Center I
1025 Greenwood Blvd
Portion of Suite 285
Lake Mary, FL 32746
1,383 SF $17.50/SF FSG
Sublease: 1925 Mizell Avenue, Winter Park
1925 Mizell Avenue
Suite 301
Winter Park, FL 32792
1,075 SF $24.00/SF FSG
Sale: 801 Douglas Avenue, Altamonte Springs
801 Douglas Avenue
Altamonte Springs, FL 32714
15,247 SF For Sale: $1,500,000
Sublease: University Park
11301 Corporate Blvd.
Suite 315
Orlando, FL 32817
11,350 SF $20.50/SF FSG
Sale: 525 S Ridgewood Ave, Daytona Beach
525 S Ridgewood Ave
Daytona Beach, FL 32114
3,409 SF For Sale: $150,000
Sale: 247 W Voorhis Ave, DeLand
247 W Voorhis Avenue
DeLand, FL 32720
2,900 SF For Sale: $200,000
Lease: Wescar Building
195 International Parkway
Suites 200 & 317
Heathrow, FL 32746
3,000 SF & 1,100 SF $22.00/SF FSG
Sublease: 215 Celebration Place
215 Celebration Place
Suite 150
Celebration, FL 32747
2,001 SF $25.00/SF FSG
Sublease: Landmark Center II
225 E Robinson Street
Suite 475
Orlando, FL 32801
3,819 SF $25.00/SF FSG
Sublease: Skyline Center
1936 Lee Road
Suite 240
Winter Park, FL 32789
4,937 SF $19.50/SF FSG
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Legislation Raises New Concerns about Conflicts of Interest in Commercial Real Estate
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Your project must be done right, on time and on budget. That's why it's important to find an expert to coordinate every aspect of a construction build-out and/or company relocation. Read More
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10 Reasons a Contractor Should Be One of Your First Hires
The conventional wisdom of some says that when you embark on a commercial real estate project, you should wait until the design process is further down the road before hiring your contractor. But especially on fast-track projects, consider selecting […] Read More

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President/CEO

Cresa Orlando is very responsive and a pleasure to work with. Their market knowledge is deep, broad and unbiased. All material met my expectations. Our representative was very realistic in his view and projections which helped us to understand what to expect. Prior to engaging Cresa Orlando for our Lake Mary office, I made many requests of them for materials pertaining to different locations for our firm and I was provided with exactly what I needed in a very timely fashion.

FCCI Insurance Group































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































Director of Campus Operations

We have partnered with Cresa Orlando over the past 20 years both at PRC and now TelAffects for our office space needs. They are a market expert, are well connected in all aspects relating to their business and are highly renowned professionals in Central Florida. Cresa Orlando is very versed at negotiating lease terms in the tenant's favor and pays prompt attention to our needs. You will find them to be highly engaged and proactive and always rising above expectations. Cresa Orlando has been an invaluable asset to our business.

TelAffects, Inc.































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































President/Principal

Cresa Orlando has been our broker since 2000, in our relocation, expansion and all other office needs. They have proven to be a knowledgeable expert in market and lease negotiations, always putting us first. We would not hesitate to recommend them to any tenant that needs unbiased, professional guidance on their office lease.

Ford & Harrison

I engaged Cresa Orlando to handle the renegotiation/lease extension for our Maitland, FL office lease and subsequently used them for a similar assignment for our Tampa office. They are well versed on the specifics of individual buildings within our submarkets, actually knowing factors that could affect our lease rates. I found Cresa Orlando's long history of working with building owners and their representatives to be a significant asset during negotiations. They were able to anticipate key issues which were critical in our negotiations.

Beazer Homes































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































Division President

Cresa Orlando provides a vast array of services for all of our locations. They are diligent in their work, have a broad market knowledge and are proficient protecting our interests throughout the process. Cresa Orlando identifies feasible alternatives for our space needs, streamlines our decision process and helps us minimize our real estate risk exposure. As a nonprofit, it's important that we achieve the best possible economic lease terms for our locations, while not sacrificing quality of location and they have been instrumental in achieving our goals.

Florida's Blood Centers, Inc./OneBlood































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































Facilities Manager

We hired Cresa Orlando as their firm works solely on behalf of tenants and we needed a focused, unbiased approach to a solution. We ultimately selected a property that allows us to consolidate our entire operation in to one building, reducing our economic exposure by 30% over what we are currently paying.

Rogers Lovelock & Fritz































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































President

Tenant Tools

     

Testimonials

"Cresa is thorough, prompt and experienced when it comes to handling any of our real estate issues."

"Sarah does a fantastic job finding the right space and negotiating the best terms."

"Definitely a good move for our company. Craig was incredibly responsive and helpful throughout this entire process. I really appreciated his attention to our needs and his candid feedback and guidance. It was a pleasure doing business with him."

 

"John helped us successfully lease a nice office in Lake Mary, FL and made our relocation process as pleasant as possible. He was patient, very flexible and super quick to respond to our questions. He is extremely knowledgeable about all aspects of the commercial real estate industry and is able to help his clients find the right space for their needs. He is highly professional and went beyond the call of duty to make it for us an easy process. He took care of every aspect of the deal and even assisted with commercial needs after we were in suite. I would highly recommend consulting John for all your commercial real estate needs and look forward to working with him again!"

"Cresa Orlando met with us immediately and began a tiring search for business office space we could rapidly occupy and gave the flexibility to easily expand. The search resulted in us securing a 10,000 square foot lease in Lake Mary. During the process of searching the market, Cresa Orlando provided unbiased expertise and guidance in helping us choose the right location and landlord.They assisted us in thoroughly reviewing the different offers. Even after lease execution, Cresa Orlando actively supported us directly during the facility build-out discussion and negotiations. Based on our experience, we highly recommend them to anyone or any company that is looking into finding the right commercial real estate solution in the Metro Orlando market."

The Vago Group

Project Management

Our project management team is your assurance that your planning, design and construction happen in a creative, timely, cost-effective way.

  • Workplace Strategy — develop the program, advise you on options, explore and plan workplace strategies, develop schemes that support your business objectives
  • Project Team Composition — manage the engagement of designers, contractors, voice/data suppliers, workstation, furniture and all other providers 
  • Budget — take charge of projecting/controlling spending for your project, proactively advising you on issues, creating savings that often exceed our fees
  • Schedule — oversee the entire project schedule, informing you of key dates, keeping design, construction and vendor processes running in a timely fashion 
  • Design/Construction – oversee the process to assure that the team works toward common goals to deliver the perfect outcome for your project
  • Coordinate Installs — manage/schedule all owner-controlled vendors, coordinate with the contractor on site to assure seamless deliveries and installs
  • Relocation Management — implement your entire move, plan the transition, coordinate internal committees, hire the mover, provide 24/7 move coordination, so your people keep working with as few distractions as possible

Experience       Select Clients