What You Need to Know About a Career in Commercial Real Estate
By Gloria Martinez
Have you been thinking about different ways you can branch out and explore new business options? Commercial real estate can be an intriguing and profitable venture, providing you with an array of professional alternatives depending on your area of interest or expertise, how much experience you have, and whether you prefer working for yourself or finding employment with an existing company.
Currently, Platinum Team Management is working on the development of the District Lifestyle Community in Wylie, TX. If you are new to the industry, the District Wylie could be a great place to start, as we have entire mixed-use buildings for sale with pre-leased tenants already planned to move their businesses there. This would eliminate the need for finding your own tenants, which Platinum Team can assist with, and allow an easy transition into this expanding market.
Here are some answers to basic questions about commercial real estate, if you’re trying to determine whether it’s a good field for your tastes and abilities.
Question 1: What are the different careers in commercial real estate that might be open to me?
Answer 1: There are roles in the commercial real estate world for a diverse range of personalities and aptitudes – whether you prefer working in management, enjoy research and analysis, or thrive on networking and personal interaction. Here are some helpful resources about different career paths.
Question 2: What do I need to do, to get a job in commercial real estate.
Answer 2: This depends largely on which area of commercial real estate you find most appealing. Here are some general guidelines for jump-starting your commercial real estate career.
Question 3: What if I decide I want to start a commercial real estate business?
Answer 3: Launching a commercial real estate business involves many of the same steps that would go into any business startup, but with few additions.
Question 4: Will I make a lot of money in commercial real estate?
Answer 4: It depends. It is possible for your career in commercial real estate to become extremely profitable, but this takes a lot of work and knowledge. Here are some of the things you need to know to succeed.
Commercial real estate is not for everyone, but if you are willing to do the work and get the training, you may find it an excellent field for career growth. Real estate professionals who have already started out but are seeking additional support in the areas of land development or construction management, may benefit from the services offered by Daydra Management LLC.
Take a look at some of our District properties and leases still available at https://www.districtwylie.com/ and contact Mar'Sue Haffner