“To succeed in this industry you must be willing to think outside the box. Ask for forgiveness instead of permission.”
Born and raised in Northern Virginia, Ashley Elkin, assistant director at Savills Studley in Denver, earned a Bachelor of Science degree in electrical engineering from the University of Virginia, before she began her commercial real estate career working in the D.C. metro market. Drawn to Denver’s quality of life, diverse economy and growth potential, Elkin decided to relocate to the Mile High City in 2015.
Upon her arrival in Denver, Elkin had to adjust to a different CRE market, driven by different industries than D.C. that operate along different procedural guidelines.
“I’ve overcome the challenges of arriving to this market without any previous personal or professional relationships by advocating a sophisticated, analytics-driven approach to real estate advisory that offers clients the best cost saving opportunities and most progressive workplace solutions. For clients, this approach maximizes growth potential and the ability to recruit and retain top talent,” she says.
Elkin began her commercial real estate career on the landlord side and she credits the experience as key to learning the mechanics of the transaction process as well as the needs, expectations and negotiating advantages for landlords. But the turning point in Elkin’s career came when she made the leap to tenant representation, “My passion is to constantly learn about different industries and business lines, and then empower growing companies through effective real estate solutions. Savills Studley’s tenant-only business model allows me to do what I love while eliminating any potential for conflicts of interest,” she says.
For Elkin, the oil and gas industry has served as an important contributor to Denver’s overall economy for many years. Struggles experienced by oil and gas tenants in the past two years paved the way for Elkin to play her part in remedying the situation, “I’m very happy to have had the opportunity to help several oil and gas clients transition to more efficient real estate solutions that will empower and sustain their operations, while helping to bring new tenants to sublease space that had previously been under-utilized by companies in this industry,” she says.
Elkin has successfully represented clients with varying needs such as: consulting, strategic planning, transaction management, market analysis, lease analysis, and financial advisory. Her proudest project to date was the recent work she did with WPX Energy, subleasing space no longer utilized at 1001 17th Street. “After another real estate services firm was unable to sublease any of the space for an entire year, we were given the assignment, and in the same time frame, we disposed of more than 75,000-square-feet in sublease agreements with several different tenants.”
In the past year, Savills Studley has brought on three new teams and more than doubled its staff size. Elkin credits the firm’s success to its excellent mentorship program, “I have worked closely with Rick Schuham, our Central Region Lead, throughout this process to engage and help onboard new members to the team, while maintaining our existing relationships and high level of client service throughout the Greater Denver business community.”
When asked what advice she would give to commercial real estate brokers just entering the industry she said, “To succeed in this industry you must be willing to think outside the box. Ask for forgiveness instead of permission.”
Elkin is an active member of CoreNet’s Colorado Chapter and CREW Denver. She is committed to contributing time, energy and resources to multiple philanthropic organizations, especially Women’s Bean Project and UNDERWEARNESS. Outside of the office Ashley enjoys hiking with her labradoodle, Chewbacca, and skinning mountains outside of Vail.