I had a conversation with one of my analysts last week about what they should focus on: 1. know everything about everything as much as possible. This way you can add value on any deal that comes across your desk. 2. Pick a niche and do only that (ie. Industrial construction) and become the go-to for this specific property type. Curious to hear different opinions on which strategy might be better.
In today's complex and specialized market, choosing a niche, such as industrial construction, can provide a distinct competitive edge. By concentrating on a specific property type, an analyst can develop a depth of expertise that sets them apart as an authority in the field. This focused approach leads to more in-depth insights, higher quality work, and a reputation as the go-to expert.
Better to be a pro in one area than a jack of all trades…. Which basically means you know a little bit about a lot of stuff but when it comes down to it in every area you’re going to be out done by some expert. Team up with somebody who complements and is an expert in the area that you don’t know as much and together take on the world
Focus on having a niche in one area. Usually things in the niche overlap with other types of real estate and business so you actually will have exerpertise in both
Pick a niche. 100% pick a niche. The value you bring to the right team when you're an expert at what you do is immeasurable. Jack of all trades, master of none. It's an old line for a reason.
Commercial Real Estate and C&I Lender with offices in Tulsa | Dallas | Houston
1yI think as an analyst, he/she should look at as many deals as possible in as many different property types as possible. That's what analysts do. The career path or the analyst will dictate that niche focus at the next level. Look at it all now (IMO). When the analyst is a lender or a broker or a debt originator or whatever else in CRE, the niche could become more of a necessity.