Market

Cresa Los Angeles is one of the largest offices of Cresa LLC, the nation’s largest corporate real estate firm specializing in tenant representation and corporate services.  Our office tracks local market conditions in five primary geographic submarkets—Westside, South Bay, East Valley, West Valley, and Downtown. 

The economic downturn has affected the local real estate market, and while Los Angeles hasn’t been hit as hard as some other markets, leasing activity is now at its lowest level in over a decade.  The good news is that these conditions have created a tenants’ market, which gives companies more leverage in dealing with landlords.  In this environment, tenants are advised to be patient, deliberate, and strategic. Refer to the Los Angeles Tenant’s Guide for current market specifics such as average rental and vacancy rates.

The Los Angeles office predates Cresa’s founding in 1992.  For more than 25 years, we have provided services to meet the diverse needs of business sectors including digital media, entertainment, advertising, technology, aerospace, professional services, and government.  In addition to transaction management and site selection, we offer strategic planning and project management, which can help companies meet their overall occupancy objectives.  Annually, we handle several hundred transactions on behalf of our valued clients. 

With over 40 professionals, our office is led by 11 senior principals who average 20 years’ industry experience.  Our team includes Gerald Porter, one of the firm’s founding principals.  Our collective goal is to serve the best interests of our clients and to always “do the right thing.”  See our Tenant’s Bill of Rights, which reflects our commitment to providing the highest level of service possible.

Our firm and brokers are frequently featured in the press, and our office was recently selected as one of the “Best Places to Work” by the Los Angeles Business Journal for the second consecutive year.  See News, above right, for more updates.


Company

Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Strategic Planning, Workforce and Location Planning, Subleases and Dispositions, Portfolio / Lease Administration, Capital Markets, Sustainability, Industrial / Supply Chain and Facilities Management. With more than 55 offices, Cresa is the largest tenant representation firm in North America. Through its alliance with Savills, one of the world's largest commercial real estate services firms, Cresa covers more than 255 locations in 40 countries.