David Crabb

SAN DIEGO—The larger the office user, the more important it is to get out to the marketplace early, Kidder Mathews' David Crabb tells GlobeSt.com. Crabb has joined the San Diego office of Kidder Mathews as a SVP, where he will continue to specialize exclusively on tenant advisory and corporate services in the San Diego and Southern California region.

Crabb has been in the commercial real estate industry for more than 30 years. Prior to joining Kidder Mathews, he was with CRESA in San Diego, as well as CBRE and the Trammell Crow Co. Clients he has represented include AECOM, American Express, Boeing Corp., Comerica Bank and Sprint.

We chatted exclusively with Crabb about his new role and the issues office tenants face today.

GlobeSt.com: What are your goals in your new position with Kidder Mathews?

Crabb: My goal is to provide my clients an unbiased view of the marketplace, helping them understand what's going on as it relates specifically to their needs from a tenant perspective.

GlobeSt.com: What are the most pressing issues facing the tenants you represent today?

Crabb: Competition in the marketplace for space they are looking at. Supply and demand has changed in that the demand for office space has become greater than the supply. There's more competition for available space. The larger the user, the more important it is to get out to the marketplace early. Market to market, it depends on what they're looking for, but it's not unusual to see multiple users looking at the same space or users that thought they had a deal missing out on that transaction because a bigger tenant came along. Corporate tenants should utilize a representative who understands this market and has a fiduciary duty to look out for their best interests only in the transaction.

GlobeSt.com: What other trends are you noticing in the office arena?

Crabb: There's a trend toward more contemporary collaborative space, especially amongst newer companies that have a stronger Millennial base of employees. But that sort of configuration doesn't work for everybody.

David Crabb

SAN DIEGO—The larger the office user, the more important it is to get out to the marketplace early, Kidder Mathews' David Crabb tells GlobeSt.com. Crabb has joined the San Diego office of Kidder Mathews as a SVP, where he will continue to specialize exclusively on tenant advisory and corporate services in the San Diego and Southern California region.

Crabb has been in the commercial real estate industry for more than 30 years. Prior to joining Kidder Mathews, he was with CRESA in San Diego, as well as CBRE and the Trammell Crow Co. Clients he has represented include AECOM, American Express, Boeing Corp., Comerica Bank and Sprint.

We chatted exclusively with Crabb about his new role and the issues office tenants face today.

GlobeSt.com: What are your goals in your new position with Kidder Mathews?

Crabb: My goal is to provide my clients an unbiased view of the marketplace, helping them understand what's going on as it relates specifically to their needs from a tenant perspective.

GlobeSt.com: What are the most pressing issues facing the tenants you represent today?

Crabb: Competition in the marketplace for space they are looking at. Supply and demand has changed in that the demand for office space has become greater than the supply. There's more competition for available space. The larger the user, the more important it is to get out to the marketplace early. Market to market, it depends on what they're looking for, but it's not unusual to see multiple users looking at the same space or users that thought they had a deal missing out on that transaction because a bigger tenant came along. Corporate tenants should utilize a representative who understands this market and has a fiduciary duty to look out for their best interests only in the transaction.

GlobeSt.com: What other trends are you noticing in the office arena?

Crabb: There's a trend toward more contemporary collaborative space, especially amongst newer companies that have a stronger Millennial base of employees. But that sort of configuration doesn't work for everybody.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

carrierossenfeld

Just another ALM site