A career in commercial real estate (CRE) can be both rewarding and dynamic, offering opportunities in brokerage, development, investment, property management, and more. Whether you’re just starting out or pivoting from another industry, positioning yourself strategically can set you apart in this competitive field.
1. Understand the Landscape
Start by learning the basics—different asset classes (office, retail, industrial, multifamily), how leases work, market cycles, and valuation methods. Resources like industry publications, podcasts, and local real estate organizations offer valuable insight.
2. Build Relevant Skills
Strong analytical, financial, and communication skills are key in CRE. Consider taking courses in real estate finance, Excel modeling, or investment analysis. Certifications such as the CCIM (Certified Commercial Investment Member) or courses through NAIOP and ULI can also boost your credentials.
3. Network, Network, Network
Relationships are everything in real estate. Attend industry events, join professional associations, and connect with brokers, developers, and investors in your market. Informational interviews can open doors and help you find your niche.
4. Get Hands-On Experience
Internships, entry-level roles, or even shadowing professionals can help you gain practical experience. Even residential real estate experience can be a stepping stone if you’re looking to transition.
5. Find a Mentor
A mentor can offer advice, open doors, and help you navigate the industry. Seek someone with experience in the specific area of CRE that interests you.
6. Stay Informed and Be Persistent
Commercial real estate is a long-game industry. Stay up to date with market trends, be patient, and show a willingness to learn. Persistence and professionalism can go a long way in building a lasting career.
By combining education, experience, and relationships, you’ll be well-positioned to break into and thrive in the commercial real estate world.
PLAZA COMPANIES IS THE PREMIER CHOICE IN COMMERCIAL OFFICE REAL ESTATE
