292. Is The CRE Job Market Cooked? (Office Hours)

Key Takeaways:

The commercial real estate job market is challenging, especially in sectors like development. Factors like high interest rates, construction costs, and cautious banks make new development projects difficult.

Leasing and asset management roles may be relatively stronger than sales/brokerage, which has seen significant declines in transaction volume.

Building relationships, especially with commercial real estate brokers, is crucial when trying to break into the industry. Networking and persistence are key.

Obtaining specialized knowledge through courses, certifications, and mentorship can make you a more attractive candidate, but relationships are often more important than just credentials.

Creative financing strategies like using investor capital, seller financing, and leveraging existing assets can help overcome the barrier of limited personal capital when getting started in commercial real estate.