Careers in Commercial
Real Estate
General Roles and Responsibilities
For a hi-rise office building as an example, a commercial property manager hires, trains and supervises a team of administrative and building repair and maintenance staff. The Property Manager is responsible for the marketing, leasing, operations and financial activities associated with running the property and serves as the owner’s or management company’s key representative and liaison with tenants.
Under the leadership of the property manager, the management team evaluates and contracts with vendor companies that repair and maintain building systems and functions such as elevator repair and maintenance, security, energy management, heating and cooling, janitorial, window washing, etc. The property manager also leads tenant improvement work and other building capital projects.
A Property Manager will develop the knowledge and skills to understand and supervise business operations associated with the following:
Leasing and Marketing of the property
Real estate investment and finance concepts and goals of ownership
Managing the onsite team
Operation, and maintenance of building systems
Tenant improvements and other remodeling and modernization projects
Tenant satisfaction
Security and safety of staff, tenants and guests
Budgeting and supervising accounting
Energy conservation and carbon mitigation management
Environmental health
This is just an example of one common position within the commercial real estate industry!
Skills and Qualities Needed in this Industry
Because a workday in commercial real estate is never the same, there are many skills that are needed to succeed in the industry. Below are some examples!
A Career Path That Grows With You and Has Support Every Step of the Way
Don't worry if you didn't study commercial real estate in school, there are continuing education classes and support that BOMA provides to help you succeed in this thriving industry! More and more young professionals are joining the industry and emerging as leaders. What this means for you is that you have support and a community that can help guide you.
