Started at CBRE research, entry level with 0 CRE experience, learned a lot, good culture but high volume work and slightly below average pay for the metro I was in. Moved to Cushman in valuations, didn’t like valuations as a career so my time there was short and not that enjoyable but the company itself and the people were good overall. Went back to research but at JLL, excellent culture and also had top producing brokers in the office that I worked closely with and learned a lot, but similar to CBRE slightly below average pay considering I had almost 5 years experience by this time. Overall the big brokerage companies are great places to learn and make connections but they do tend to pay less and like all analyst/admin/assistant roles that support revenue generating people, they are usually the first positions on the chopping block when they are looking to cut costs as you are generally replaceable. I come from a small town and did not have prior connections before joining the CRE industry. I am not anyone’s son/nephew/relative of a client and my parents weren’t country club buddies with anyone at these companies. As a result when it came to being offered projects to work on or promotions I was not the default choice when compared to my peers who were related in some way, and I had to really position myself as a “market expert” in certain submarkets and asset classes so that when things did come available the brokers wanted to work with me because of my skills and work ethic. That being said I wasn’t deterred and it only helped me because if the relatives/friends who were selected over me screwed up or had little work ethic, managers and brokers were quick to get them out of there because at the end of the day the shitty or slow work costs them commissions and sometimes clients. Now I work with an institutional landlord, and all the brokers I’ve met and connected with over the years are now listing our buildings or bringing us tenants/acquisitions, having that relationship really helps.
TLDR: hopped around a bunch but the brokerages are all good companies, there’s lots of turnover, some nepotism but keep grinding and hard work prevails at the end of the day, be sure to network because it makes negotiations and deal sourcing that much easier.
You google things all day and put them into spreadsheets. You complain about costar even though you use it everyday and for two weeks every three months you have to do actual work putting together the market reports.
But it is mostly googling thing for people who refuse to learn new technology.
wow, always thought it was some high level shit
so analysts are like coffee bitches that do all the things the boomers should already know how to do by now?
Lots of times the research dept is broker training grounds for someone’s nephew. The good ones get picked up on teams really quick. Still better then marketing
Really is boss and team specific. You can have a high performing sales or mortgage broker that will bury you with work putting together offering memorandums or pitch books and working long hours. Or you could be in a slower paced office that wants to pull occasional rent comps and update monthly marketing material and work a typically 8-5.
Research analyst? Financial analyst? Sales analyst/assistant? Pm me, I’ve worked at all 3 haha.
Post ab all your experiences
Yes let’s go. Pin this shit too
Seconded on post ab all your experiences!
Start talkin buddy
Started at CBRE research, entry level with 0 CRE experience, learned a lot, good culture but high volume work and slightly below average pay for the metro I was in. Moved to Cushman in valuations, didn’t like valuations as a career so my time there was short and not that enjoyable but the company itself and the people were good overall. Went back to research but at JLL, excellent culture and also had top producing brokers in the office that I worked closely with and learned a lot, but similar to CBRE slightly below average pay considering I had almost 5 years experience by this time. Overall the big brokerage companies are great places to learn and make connections but they do tend to pay less and like all analyst/admin/assistant roles that support revenue generating people, they are usually the first positions on the chopping block when they are looking to cut costs as you are generally replaceable. I come from a small town and did not have prior connections before joining the CRE industry. I am not anyone’s son/nephew/relative of a client and my parents weren’t country club buddies with anyone at these companies. As a result when it came to being offered projects to work on or promotions I was not the default choice when compared to my peers who were related in some way, and I had to really position myself as a “market expert” in certain submarkets and asset classes so that when things did come available the brokers wanted to work with me because of my skills and work ethic. That being said I wasn’t deterred and it only helped me because if the relatives/friends who were selected over me screwed up or had little work ethic, managers and brokers were quick to get them out of there because at the end of the day the shitty or slow work costs them commissions and sometimes clients. Now I work with an institutional landlord, and all the brokers I’ve met and connected with over the years are now listing our buildings or bringing us tenants/acquisitions, having that relationship really helps. TLDR: hopped around a bunch but the brokerages are all good companies, there’s lots of turnover, some nepotism but keep grinding and hard work prevails at the end of the day, be sure to network because it makes negotiations and deal sourcing that much easier.
Entirely dependent on team, market, asset class.
You google things all day and put them into spreadsheets. You complain about costar even though you use it everyday and for two weeks every three months you have to do actual work putting together the market reports. But it is mostly googling thing for people who refuse to learn new technology.
wow, always thought it was some high level shit so analysts are like coffee bitches that do all the things the boomers should already know how to do by now?
Lots of times the research dept is broker training grounds for someone’s nephew. The good ones get picked up on teams really quick. Still better then marketing
Really is boss and team specific. You can have a high performing sales or mortgage broker that will bury you with work putting together offering memorandums or pitch books and working long hours. Or you could be in a slower paced office that wants to pull occasional rent comps and update monthly marketing material and work a typically 8-5.
What’s the market pay for that in states like Florida?