Low Vacancy and Strong Leasing Continued Throughout 2019
Cedar Realty Management’s portfolio of properties maintained a high level of leasing activity and capped off a busy 2019 by completing almost 690,000 square feet of leases in more than 250 individual leasing transactions. Cedar Realty Management’s portfolio maintained an overall occupancy rate of 99% throughout 2019.
Solita Hart – Senior Real Estate Manager and Susan Lee – Real Estate Manager were jointly responsible for the amount of lease transactions. According to Craig Ersek, Principal with Cedar Realty Management, Inc., “The majority of our leasing volume represents existing tenants who are extremely satisfied with the business environment that we provide and elect to renew and/or expand within our managed portfolio”. Ersek continued by saying, “We expect the strong leasing volume and high occupancy rates to continue as we enter 2020”.
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 approximately 2,000,000 square feet of commercial properties throughout Orange, Riverside and San Diego Counties.