Why consider a career in commercial real estate guide, Building designer, Property job advice
Why You Should Consider a Career in Commercial Real Estate
26 Jan 2023
If you’re interested in taking a commercial real estate course and starting a career in commercial real estate, there’s no better time than now. Commercial real estate is a profitable industry that offers a lot of opportunity for growth and success. Here are just some of the reasons why you should consider a career in commercial real estate.
High Earning Potential
A successful career in commercial real estate can be incredibly rewarding financially. The potential to earn large commissions, as much as $250,000 a year for commercial real estate brokers, is an attractive incentive. With proper knowledge and training, you can set yourself up for a more lucrative career than many other fields, including finance or law.
When starting out, commissions on commercial real estate typically range from 3-7% of the total sale price. With experience and success, this number can increase substantially.
Excellent Job Security
The commercial real estate industry is well-established and highly stable. Commercial properties in particular tend to be more secure investments than residential ones, as they are often leased out to larger, more established businesses. This means there is always a steady demand for commercial real estate services, providing job security and steady career growth opportunities.
The size of the commercial real estate market is currently at $20.7 trillion as of 2021, making it one of the largest and most profitable industries in the world. This makes it a lucrative sector to specialize in, with plenty of potential for growth. In addition, there are many new technologies being developed to increase efficiency, making commercial real estate even more profitable.
For instance, blockchain technology is now being used to streamline the paperwork process and close deals faster. By taking a course on commercial real estate, you can become an expert in this field and take advantage of all the opportunities it provides.
Commercial real estate offers a great deal of variety in terms of projects. From purchasing or selling individual properties to larger investments such as shopping centers, the types of projects you can work on are endless. This means you can explore a wide range of interests, as well as hone your skills in different areas.
It’s also important to note that commercial real estate is not limited to just urban areas. You can find great opportunities in rural areas as well, including land development and agricultural investments.
Flexible Working Arrangements
One of the best features of commercial real estate is the flexibility it offers in terms of working arrangements. You can work on your own schedule and choose projects that suit your interests and lifestyle. Depending on the type of project you are working on, you may even be able to work remotely or from home.
The Bottom Line
Overall, commercial real estate is a great field to enter with immense potential for success. With the right training and knowledge, you can set yourself up for a lucrative career that provides job security and variety. So why wait? Consider taking a course in commercial real estate and start building your career today.
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photo : Richard Chivers
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