News Summary
In a pivotal move for Atlanta’s real estate sector, Chris Scott leaves Cresa to become the market leader at Newmark Atlanta. His departure sparks a leadership transition amid an office market rebound, as Cresa gears up to find a successor while Newmark expands its offerings.
Chris Scott Leaves Cresa Atlanta to Lead Newmark’s Southeast Office, Sparks Leadership Transition Amid Atlanta’s Office Market Rebound
In a significant development for the real estate community in Atlanta, Chris Scott has transitioned from his role at Cresa to take on the position of market leader at Newmark Atlanta. His last day with Cresa was on March 18, 2025, marking the end of his tenure where he served as the market leader since 2023.
Scott’s move was announced by Ran Holman, the Southeast region market leader at Newmark, who expressed confidence in Scott’s capabilities and his potential to contribute positively to the firm.
Prior to his leadership role at Cresa, Scott held a partnership position at Greenstone Properties, overseeing various operations. At Cresa, he primarily focused on tenant representation and significant building sales, although he did not engage in landlord representation.
With Scott’s departure, Cresa Atlanta is now in the process of searching for a new market leader. Tom Tindall, a principal at Cresa, acknowledged the impact of Scott’s exit, categorizing it as a loss, but also emphasized the potential for new avenues of innovation and leadership within the organization.
As the Atlanta office market experiences a surge, the overall availability rate has reached around 33%. Interestingly, the current leasing activity displays a stronger trend compared to the previous year, with major transactions and leasing initiatives beginning to show signs of recovery.
Scott, who previously worked at Cresa from 2003 to 2006 before returning as market leader, believes that his past experiences at Cresa have equipped him for his new role at Newmark. This position promises to encompass a broader range of responsibilities, as Newmark expands its services to include property management, investment sales, and agency leasing.
Meanwhile, Cresa remains dedicated to tenant representation and significant sales transactions, maintaining a strong commitment to fostering relationships with clients. In contrast, some of Cresa’s competitors are witnessing notable growth as they adapt to changing office requirements, indicating that the market is evolving rapidly.
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Additional Resources
- Cresa Seeks Atlanta Leader as Market Head Leaves for Rival Firm
- Wikipedia: Commercial Real Estate
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- Google Search: Real Estate Market
- Exclusive: Greenstone, Goldman Sachs to Deliver Latest Midtown Office by 2021
- Google Scholar: Commercial Real Estate Trends
- Encyclopedia Britannica: Office Market
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