Considering a career change into corporate real estate?

1 CRE Basics

Corporate real estate involves more than just buying and selling properties; it's about strategically aligning a company's real estate portfolio with its overarching business goals. This can include lease negotiations, workplace design, and sustainability initiatives. Understanding the basics of CRE means recognizing the impact that real estate decisions can have on a company's bottom line and the importance of managing assets in a way that supports the company's objectives and enhances employee productivity.

2 Required Skills

A successful career in CRE demands a diverse skill set. You'll need to be adept in areas such as financial analysis, project management, and negotiation. Strong interpersonal skills are also vital, as you'll interact with a variety of stakeholders, including senior executives, employees, and external partners. Additionally, an understanding of legal regulations and a keen eye for market trends will serve you well in this field.

3 Educational Path

While there is no one-size-fits-all educational path for entering CRE, relevant degrees might include business administration, finance, or real estate. Certifications such as a Chartered Surveyor or a Certified Commercial Investment Member can also be beneficial. However, practical experience is highly valued, so consider internships or entry-level positions in real estate or related fields to gain hands-on knowledge.

4 Industry Transition

Transitioning into CRE from another industry can be challenging but rewarding. Leverage transferable skills such as strategic planning or financial management to your advantage. It's also important to network within the industry and possibly seek mentorship to understand the nuances of CRE. Be ready to explain how your previous experience can be an asset in a corporate real estate setting.

5 Career Opportunities

The CRE field offers a wide range of career opportunities, from asset management to corporate facilities management. Each role contributes to the strategic utilization of a company's real estate assets. Whether you're interested in the analytical side, such as portfolio management, or the operational aspect, like space planning, there's a niche for various interests and expertise within corporate real estate.

6 Ongoing Development

The corporate real estate landscape is constantly evolving, with new technologies and sustainability practices shaping the industry. Staying abreast of these changes is vital for long-term success. Continuous learning through professional development courses, industry seminars, and staying connected with professional organizations can help you remain competitive and informed about the latest trends and innovations in CRE.