Our Market

The worldwide financial meltdown occurred at the end of Q3 2008, assisted by a deep freeze of the credit markets that continues today despite the bailout efforts of the US Treasury and Congress. As predicted last quarter, due to lack of consumer confidence, capital expenditure budgets, available credit, etc… high technology firms once somewhat immune from the influence of the developing crisis, did in fact experience the trickle down effect experiencing slower sales, capital investment cuts for IT infrastructure and the commencement of lay offs in droves. Generally, “asking lease rates” still remain fairly steady at this point; however these developments will begin to dramatically impact the market. Demand has fallen and supply will steadily increase (especially in the sublease market), therefore, our expectation is for Silicon Valley lease rates to continue to fall over the next 12 months.

The good news? The decline in rates will be a significant benefit to our clientele, the corporate user of real estate throughout 2009 and perhaps beyond.

The origin of our firm dates back to 1994, when Principal John Brady co-founded the national CresaPartners Alliance, which preceded the incorporation of CresaPartners. Today, our office in San Jose continues to grow, with our expert project management team working closely with seasoned brokers and strategic advisors. Our professionals in San Jose—complemented by their counterparts in Palo Alto and San Francisco—routinely help our clients align their real estate with their business plan and reduce their occupancy costs significantly. Along with our Southern California offices, we comprise California’s largest corporate real estate advisory firm specializing in tenant representation and corporate services, including project management, strategic planning, portfolio management, and capital markets expertise. We also maintain strong international ties through our local liaison to India, Asia, Europe, and other overseas markets.
  
Our San Jose office tracks commercial real estate market trends in the Greater San Jose/Silicon Valley area, which includes Santa Clara County. Throughout the years, our professionals have earned many industry accolades, including: 2006 Silicon Valley R&D/Office Broker of the Year, Broker Hall of Fame, Hottest Broker of the Year, and Women of Distinction.

Our Company

CresaPartners 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, Relocation Planning and Management, Strategic Planning, Workforce & Location Planning, Subleases and Dispositions, Lease Administration, Capital Markets, and Facilities Management. With more than 50 North American offices, CresaPartners is the largest pure tenant representation firm in the U.S. and Canada. Through a partnership with BNP Paribas, CresaPartners is a member of one of the leading real estate organizations in the world, covering 35 countries.