Backgrounder
CresaPartners is a tenant representation firm that focuses on the client. A tenant representation firm helps the client, or potential client negotiate rental rates, lease details, and building costs to renovate the space to their needs.
In Orange County there are many mid-size companies that can’t afford to keep an in-house broker but have need for one every few years. This created a boom in corporate real estate brokers who help companies with negotiations.
The Reason
In Orange County various companies exist who offer tenant representation for lease negotiation and advice on their real estate needs. CresaPartners is one of these companies; however, there is a difference in their business. CresaPartners focuses on the tenant and does not manage any properties. They are the only firm in Orange County that offers the service unbiased.
What many people have found with other firms that represent tenants is that they also represent the properties they are trying to negotiate. This makes the client wonder if they are really getting the best deal or if they are trying to help themselves. This is why CresaPartners has decided against managing properties and focuses solely on the client’s needs and savings.
When a company hires CresaPartners to handle their corporate real estate needs they are hiring someone who will help them find locations, locate companies to help them move, negotiate with the landlords to ensure the best deal, discusses other costs to the company and creates a financial portfolio that will animate expenses and long term monetary gains.
The Reality
CresaPartners is a Corporate Real Estate Service Advising firm who helps clients with their real estate needs.
CresaPartners does not get paid by the clients, but by the Landlords. There is a catch, however, in that sometimes a landlord will increase the price to make up for the loss in profit. This can be financially difficult for the company although, in biased companies the same thing occurs and the savings are a lot less.
Overall, CresaPartners of Orange County helps save the client more money on real estate than other companies in the Orange County region.
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