Strong Leasing Pace Continues in 2015
The Leasing and Property Managers of Cedar Realty Management maintained a high level of leasing activity and capped off a busy 2015 by completing almost 681,000 square feet of leases in more than 300 individual leasing transactions. The 2015 activity almost matches 2014’s pace and resulted in Cedar Realty Management’s portfolio obtaining an overall occupancy rate of 98%.
Craig Ersek, Principal with Cedar Realty Management, attributes the leasing volume to the company’s focus on providing tenants and prospective tenants with an attractive business friendly environment through a commitment to being responsive and attentive to their needs. Said Ersek, “A large percentage of the leasing volume represents existing tenants who are extremely satisified with the business environment that we provide and elect to renew and/or expand within our managed portfolio”. Solita Hart – Senior Real Estate Manager, Susan Lee – Real Estate Manager and Ryan Rogers – Assistant Real Estate Manager were all jointly responsible for the record amount of lease transactions.
Cedar Realty Management is a real estate services company leveraging almost 50 years experience in the management of Southern California commercial real estate. We specialize in providing comprehensive real estate and property management services to private clients who possess a long term horizon. The company’s principals and management team have honed their skills by working at some of the best known real estate companies in Southern California. We’ve taken the best practices and methodologies and are now utilizing that knowledge to the benefit of our clients and tenants. Based in Anaheim, California, Cedar Realty Management currently provides comprehensive real estate services to almost 1,500,000 square feet of commercial properties throughout Orange, Riverside and San Diego Counties.