A commercial real estate career can be rewarding and challenging—but it isn't necessarily for everyone. We talked to experts to find out how college graduates and young people can decide if a career in this industry is right for them, and what it takes to build a successful career.
Henry H. Alexander, III, a partner and director of industrial service at Colliers International, says that talking to people in the industry and networking is the starting to point to deciding if CRE is the right career path. "Go talk to folks. Try and figure out if it is a fit. Ask the contacts you meet with and trust if they think CRE could be for you," he says. "If so, what role? There are many areas in the field and every person is different. If it is brokerage—like me—then go ahead and get your license, don't wait on a job for that, there's no reason to. I can tell you if you are interested in brokerage and you are not a self-starter then it is going to be a tough go. Companies will take notice in any preliminary steps you take on your own."
Mentoring is also integral to success in CRE. New entrants into the market should align with industry veterans and build career-lasting relationships. "Take the initiative to learn from those around you and build relationships with industry veterans," Zach Ames, senior director at Franklin Street, tells GlobeSt.com. "Recognize your strengths and weaknesses and leverage your resources to strengthen both. Be diligent and responsible but understand the important of confidence. Understand the value of building meaningful relationships in the communities in which you live and work. Stay committed to your personal and professional growth, and most importantly, lead by example."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.