What are possible exit opportunities or laterals after working in research for a big firm (CBRE, JLL, Cushman, etc.)?
[{"id": "dhpzqg2", "text": "Depends on what you do at these places. Most service providers have a range of different departments. What's your role?", "replies": [], "depth": 1}, {"id": "dhpzslv", "text": "I work in research at a PERE shop and I wonder the same thing sometimes. I've seen many kids come through the research group here and move on to acquisitions roles, asset management roles, or even jump into investor relations. I think those coming out of research-based roles are appreciated for their broad knowledge of the CRE industry as they usually see a lot of different deals across the country and aren't pigeon-holed like someone in AM or worse, property management. Therefore you may be lacking in hard skills like argus or modelling, but a solid CRE foundation in research with the right network can open any door you want", "replies": [], "depth": 1}, {"id": "dhq4335", "text": "As someone who was in research for a long time at one of the companies you mentioned, this role is one of the best starting points for a career in commercial real estate.\n\nIt's an entry level job, so keep in mind that the starting salary is usually low and the work can often times be tedious. However, it gives you a great opportunity to learn the business, and most importantly the market. Most runner-ships will pay less and there will be pressure to preform almost immediately. Research gives you stable employment that you can use to get a foothold.\n\nI have seen many researchers who didn't capitalize on the opportunity. If you treat the job as data-entry, that's how the rest of your office will see you. But if you take the time to learn and become an expert on your market, people will notice. I viewed my time in research as an elongated interview with brokers in my office.\n\nI'm now a tenant rep broker, a SVP at my company. Some of my colleagues from research are also brokers, but many found roles as appraisers or property managers at our firm. Some left and work for other real estate related businesses, such as large investment funds, etc.\n\nObviously I am a believer in the research role as I feel it was the genesis for my career. If you have any questions - feel free to shoot me a PM. Good luck!!", "replies": [], "depth": 1}, {"id": "dhqiacb", "text": "Some of the CRE data providers (Costar, Xceligent...) have positions in their markets that require this type of experience. ", "replies": [], "depth": 1}]