Today, many real estate indstry business models include strategic partnerships, and choosing the right alliance can be a revenue boon for both sides.

"Strategic partnerships are that all-important network of like-minded service providers who can be a conduit for a regular stream of business," Carmen Mercado, chairman of the National Association of Hispanic Real Estate Professionals, explains to RISMedia.

The Washington Business Journal reports that Boston-based tenant representation firm CresaPartners recently teamed with international real estate advisor Savills plc, to strengthen Savills' U.S. presence while boosting Cresa's international transaction work.

Bill Goade, CEO of CresaPartners, said that the alliance would enable his company to "seamlessly" deliver their services to clients across global markets. "North American clients continue to expand into Asia Pacific and Europe, and Savills extensive platform of offices and expertise in these markets will provide significant benefits for our clients," he said.

Jeremy Helsby, CEO of Savills, adds that his company's international occupier clients may wish to diversify and expand their operations as global markets improve, and says that the alliance will enable the firm to better service the needs of those clients.

In particular, Asian businesses are seeing an increased demand for space from U.S. and European occupiers from all sectors, including corporate, professional and industrial.