Welcome
Thank you for visiting the web page of Cresa’s Boston office, which is the headquarters of Cresa LLC, North America’s largest corporate real estate advisory firm specializing in tenant representation. Our experienced market specialists serve Massachusetts, Rhode Island, New Hampshire, and Connecticut. In addition, through our strategic alliance with Savills, we cover North America, Europe, and Asia Pacific.
Since our founding in 1985, our Boston office has offered clients an objective, stable business partner with no debt, increasing revenue, a growing talent pool, and a dedicated staff (two-thirds of our employees are equity stakeholders). During this time, we have been awarded numerous industry accolades as we strive to align tenants’ business plans with their real estate needs, consistently saving clients money and increasing their productivity.
Our Advantage
Since we exclusively represent tenants, not landlords, we avoid potential conflicts of interest. Our delivery of non-biased, integrated corporate real estate services—such as Strategic Planning, Project Management, and Transaction Management—distinguish us from traditional firms. Our collaborative culture features 50+ professionals who work closely together and are also engaged in many public service efforts.
Our team of real estate advisors, project managers, strategic planners, analysts, and space planners listen to our clients’ needs, examine market conditions, analyze options, negotiate terms, and manage the design and construction of projects to customize the best occupancy solutions. Our clients, with portfolios ranging from 1,200 square feet locally to 12 million square feet globally, typically view us as an extension of their staff.
Our Market
The Greater Boston area continues to have a strong mix of business activity, including a significant presence in education, healthcare, financial services, technology, biotech, medical devices, clean energy, and other professional services.
Our office tracks local real estate market conditions in multiple submarkets—downtown Boston, Cambridge, Route 128 North, Mass Pike/Route 128 West, Route 495 North, Route 495 Central and Metrowest, the inner suburbs, Providence, etc.—with expert advisors in each area.
Commercial real estate conditions are changing, and Greater Boston represents a bifurcated market, ranging from very tight vacancy in East Cambridge, the Back Bay, and the upper floors of towers, to substantial inventory in most outlying areas. Overall, Boston, Cambridge, and some of the inner suburbs have seen significant leasing activity over the last year, resulting in lower vacancy rates and creating a shift to more of a landlord’s market. This is especially true in the hot markets cited above for requirements between 25,000-75,000 square feet. Meanwhile, Route I-495 and many Route 128 markets still favor the tenant in both rental rates and availability. Throughout the area, many landlords are interested in working with new and existing tenants on longer-term lease commitments in exchange for locking into rates that may be favorable to the tenant. We provide real-time market data and interpretation to help tenants leverage their position in the market. Please refer to the Boston Tenant's Guide and Submarket Tenant Guides for current market statistics.
Our 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, Corporate Solutions, Portfolio Strategies, Location Planning, Lease Administration, Capital Markets, Mission Critical Solutions, and Facilities Services. With more than 58 offices, Cresa is the largest tenant representation firm in North America. Through its partnership with Savills, one of the world's largest commercial real estate services firms; Cresa covers more than 173 locations in 40 countries.