When most people think about becoming a real estate agent, their minds immediately jump to the classic image of a residential agent. However, that is not the only type of job in the field. Alternatively, agents can specialize in corporate real estate, which involves helping companies and corporations find and manage their properties. These jobs include dealing with office space, warehouses, and factories. If you are curious about whether corporate real estate is right for you, there are a few things to consider.
Higher Job Requirements
Unsurprisingly, corporations tend to have pretty rigorous hiring standards for their corporate realtors. Generally, companies will require some prior experience in real estate. Often, there are requirements for graduate education, with a focus on business or real estate. In addition, corporate real estate agents utilize teamwork every day, even more than residential agents do. Strong interpersonal skills, time management skills, and problem management skills will be required to succeed in this field.
The Daily Duties of a Corporate Real Estate Agent
There are a variety of job titles and duties to be found within the niche. Facility and property managers will spend their days focusing on individual properties and maintaining them. On the other end of the spectrum, there are also acquisition agents who focus on finding and acquiring new properties for the business. Even for a relatively specialized sector, there are plenty of niches within the real estate world.
Commercial Real Estate Agents Make the Most Money
A recent survey examined the various niches found in the real estate business. It found that of all the sectors, the top-earning real estate specialization in the United States was the commercial sector. The average agent reported making over $91,000, with a large percentage of agents making over six figures.
The work might be different from residential work, but the financial rewards certainly make commercial real estate an attractive option. However, the jobs can be hard to come by, due to all of the benefits. So, begin networking and surfing job boards to make your goal a reality.