Sharpen your sales technique. Get better at crafting your commercial real estate jobs curriculum vitae, search and maximize the results. Here outlined are various jobs available in the commercial real estate industry.
Commercial Real Estate Jobs
Commercial real estate (CRE) jobs are careers that revolve around the acquisition, management, and sales of commercial properties such as offices, retail stores, warehouses, and data centers. A career in commercial real estate is a field of its own: it is not simply a branch of business or law.
Now, lets get down to the point as we consider the following view points.
The Commercial Real Estate Industry and Commercial Real Estate Jobs
The commercial real estate industry is filled with many different types of jobs and professions to choose from.
The main types of jobs in commercial real estate are:
- Property managers and
- Real estate attorneys.
Each type of job has its own set of requirements and skills; some are more specialized than others.
Brokers work as either sales or leasing agents and typically specialize in working with office space, retail properties, industrial properties or apartment buildings.
Specializing in a particular type of property allows brokers to become experts on the market trends for that particular area.
Brokers help their clients buy, sell or rent their chosen type of property by performing research about the specific area to inform their clients about the current market trends including average prices per square foot for renting or buying in that area.
Commercial Real Estate Job Titles Can Be Confusing
- A commercial real estate broker is an agent who works for a firm that helps investors and developers buy and sell commercial properties.
- A commercial property manager is an agent who works for a firm that manages buildings that are leased to others.
- A residential real estate agent does the same thing as the broker, except he or she deals with buyers and sellers of houses or condos.
- REALTOR is the title of people who work to help consumers find homes and make sure they get their money’s worth.
Real Estate Economic Factors Affect Job Growth
Before you settle on a profession, you should consider how economic factors might affect your job prospects. As with any industry, commercial real estate is not immune to the fluctuations of the economy.
Commercial real estate Jobs will rise and fall with the general economy, but also with other contributing factors that are specific to the industry itself.
For example, when commercial real estate booms, many new jobs will become available for those who work in or want to work in property management or construction.
However, if this boom is followed by a bust and there is a surplus of property managers or construction workers on the market relative to demand, opportunities for advancement may be limited.
When considering these factors, it’s important to look at both the general economy as well as local and specialized markets within commercial real estate.
High Job Salaries, Long Hours and High Expectations
The high salaries in commercial real estate Jobs are probably why you’re considering this path, but it’s important to look beyond the money.
While it is true that real estate professionals tend to make more money than people in other industries, that’s not always the case.
Some people don’t make as much as they want or expect because of long hours and a stressful environment.
Commission based jobs are inherently less secure than salary-based jobs because it takes time to build a client base. It often takes years for new agents to have steady clients and solid commissions from repeat business.
This kind of job requires hard work, dedication, and time management skills if you want to succeed. If you can handle the stress and uncertainty, commercial real estate Jobs is an exciting career choice with great earning potential for those who excel at their job.
Changing Careers into commercial real estate Jobs
- You can say goodbye to your job woes.
- The commercial real estate market is nothing but increasing, with few signs of slowing down.
- As the baby boomers retire, more and more positions are opening up in commercial real estate Jobs.
- Job growth in the commercial real estate industry is projected to be substantially higher than in most other industries, making it a great time to change careers into commercial real estate jobs if you so desire.
Research Carefully Before Accepting Commercial Real Estate Jobs
There are a few things you should do to ensure you’re making the right decision by taking commercial real estate jobs.
Here’s what we recommend:
- Research the average salaries in your market.
Don’t accept a job unless the salary is competitive with those offered by other companies.
You can see what other employees are paid on Glassdoor.com, and on Payscale.com, where they’ll even break down salaries based on years of experience.
This will help you negotiate a salary that’s fair for your experience level. Don’t be afraid to ask for more money!
- Research the job requirements and any training programs available before accepting a new position.
This will help you prepare for your role and let you know whether you’re qualified or not. If there are gaps in your knowledge base, ask whether they offer any training programs and how much they cost (if anything).
These days it’s common for employers to offer free courses and trainings to their employees as part of professional development initiatives, but this isn’t always true in every company.
So, it’s best to check beforehand or ask if there is an opportunity to learn something new in-house before accepting an offer.
This is my take for you if you are considering a career in the commercial real estate jobs. Thanks!