Case Study: Foothold Technology achieves 25% rent savings and a 7-year lease restructure in The Village with Cresa

Foothold Technology - Customer Case Study

Foothold Technology, a web-based software provider for human service organizations, faced rapidly rising rents in The Village after signing their lease five years earlier — local rents had climbed more than 50%. Wanting to stay in that unique neighborhood with two years left on their lease, Foothold Technology engaged Cresa for tenant representation and lease restructuring advisory services.

Cresa developed a strategic plan that leveraged the remaining two years on Foothold’s lease, completed an extensive market analysis to set a below‑market target, and negotiated a new seven‑year lease. Cresa’s work delivered an $18.00 RSF reduction versus the last deal in the building — north of a 25% savings compared with comparable transactions — while structuring free rent so the final two years’ payments were relatively unchanged.

Foothold Technology