Senior Data Analyst for major CRE firm. AMA?
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[{"id": "f6zptev", "text": "What are your/your coworkers hours like?", "replies": [{"id": "f6zrv9j", "text": "Usually in around 8 and out 530ish. For quarterly reporting/end of quarter stay a bit later", "replies": [], "depth": 2}], "depth": 1}, {"id": "f7026vu", "text": "What're your thoughts on the market for Medical Office Buildings? I'm specifically looking at an opportunity in loveland CO. \n\nWhat resources are available for investors in terms of data analytics, etc.? What should we be looking at/for? Are there tools available that are underutilized?", "replies": [{"id": "f706q1y", "text": "I cant say for sure regarding Loveland without checking our data but I do know medical/medical office is an uptrend, especially in suburban areas. We're seeing landlords/developers repurpose old office stock to shift towards medial or industrial.  \n\nAre you talking investors working solo or part of a team/firm? We try and combine every resource available from costar, our own proprietary database, RCA, D&amp;B, Reonomy etc.., even census data and demographics, to weather, traffic..of course some which cost a pretty penny.  \n\nThe money is made by combining all these disparate resources and mining to find insights and build models for different markets. (Way fucking harder than it looks I may add)\n\nWhat should you be looking for? Personally, data analytics is so damn young in this industry it's wide open. Look for anything that effects leasing activity and vacancy.  One of the most interesting things I found is how location isn't the end all be all as I previously assumed. It plays a factor for sure, but there are other variables that weigh heavier", "replies": [{"id": "f707ky1", "text": "Thanks for your response:) I'm in the start up phase, so costar is a bit out of reach at the moment, but one day. \n\nCan you give some examples of variables that weigh heavier then location?", "replies": [{"id": "f70b3pq", "text": "I can't unfortunately, that's proprietary and I'd rather not get fired lol", "replies": [{"id": "f70wqdf", "text": "Do you have a go to for regular monthly/quarterly/annual market reports? Like just general market updates for say multifamily? I just came across Yardi-Matrix Monthly report, but wondering if there's something better.", "replies": [{"id": "f71yyig", "text": "All major brokers have their CRE reports (MF, hospitality, industrial, retail, office) either quarterly or semi annually. Almost top 100 markets. Check their web sites.", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "f705yvc", "text": "Got a cool Mil to invest. Could get up to $1.5m purchase price. What state and what genre of product would you look for. \n\nI\u2019m an investor already. Just stuck on what to move into next. A little too addicted to opportunity cost.", "replies": [{"id": "f7060n0", "text": "Hi an investor already. just stuck on what to move into next. a little too addicted to opportunity cost., I'm dad.", "replies": [], "depth": 2}, {"id": "f7091xd", "text": "Industrial in a market with good transit/rail.", "replies": [{"id": "f709bpi", "text": "Ok. I\u2019ll start a new search. Thank you. \nI\u2019m in California. Wouod you take your money to another state or stay in CA? Wondering if I should follow that blue wave through NV or Arizona. Seems like equity follows liberals.", "replies": [{"id": "f70a74v", "text": "Depends on how much capital you're talking. If you got some decent sized pockets Cali is solid, socal more than norcal. If youre on the lower side of things I'd consider out of state", "replies": [{"id": "f70ageh", "text": "Yeah. Would only have about $1.5m to invest. \n\nSocal has all the emmigration. Surprised you said that over Norcal. I guess Norcal is all Tech and less industrial now. \n\nAppreciate the answers. \n\nJust a residential investor wanting to branch out.", "replies": [{"id": "f70bv5w", "text": "Norcal is still decent, just think your money would go much farther elsewhere", "replies": [{"id": "f70fply", "text": "Agreed. Hence my questions.  Thanks. May message you after some research if ok.", "replies": [], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "f70ezx5", "text": "What software do you guys use? Who is the end user of your analysis?", "replies": [{"id": "f70gl9v", "text": "Our software is pretty embarrassing but they've made it a point to start investing heavily into data analytics and data pipeline development. Analysts use alteryx and tableau for front end stuff. I stick to python.   \n\nEnd user usually our brokers or clients", "replies": [{"id": "f71xv6o", "text": "Does alteryx have any capabilities that make it stand out from tableau or power bi? I\u2019ve seen some demos and it didn\u2019t seem like it was worth the price tag, especially compared to power bi", "replies": [{"id": "f73df0v", "text": "It definitely has more functionality than tableau or power bi in terms of cleaning and organizing data. Or if you want to do a quick analysis from multiple data sources alteryx is king. But if you can code it's pretty redundant and not worth it.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "f70pr4g", "text": "Graduated in May, I\u2019m about to join as an industrial broker at a top 3 on Tuesday. Any advice? I studied Operations Management and Information Analytics, any pointers on leveraging data to find business?", "replies": [{"id": "f70zy2i", "text": "I'm not a broker but the new brokers always seem to be first in last out. Take initiative with your senior broker. Listen and work with the research department. We can make your pitches much better", "replies": [], "depth": 2}], "depth": 1}, {"id": "f712jw5", "text": "What is your salary and educational background?", "replies": [{"id": "f71aep6", "text": "85-90 a year + bonus. Big 10 university stats degree", "replies": [], "depth": 2}], "depth": 1}, {"id": "f71bxia", "text": "What are some of the surprising insights you've learned about CRE that you didn't expect going in? What's your overall favorite model to apply to real estate data?", "replies": [{"id": "f71qttf", "text": "How disparate the data is because of the nature of the business. Could be said for many industries, but listening to \"experts\" on the news is hilarious.", "replies": [], "depth": 2}], "depth": 1}, {"id": "f71lius", "text": "What is your opinion on Costar? Sounds like you don\u2019t like it?", "replies": [{"id": "f71qwvm", "text": "Data is decent but just not cool with the nature of their business. CRE would be so much better off if we had competitors for them", "replies": [{"id": "f720bj2", "text": "I agree. I am using costar. Very expensive. Wish they have competitor. Their data is not user friendly and they are keeping in that intentionally.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "f723hsg", "text": "What is the job progression like (titles, duties, salary, how long to achieve)?\n\nWhere are you seeing value in the market?  Do you invest personally in RE on the side?\n\nI'm looking at small mixed retail/office property (about 8-9k sq ft) that has multiple small business tenants.   However, I don't know a lot about this class, as my knowledge is in self storage.  What is the industry standard for expenses for these classes of property?  Any tips or things I should be on the look out for (either red flags or positive things)?", "replies": [], "depth": 1}, {"id": "f728nk8", "text": "Which market are you based in?", "replies": [], "depth": 1}, {"id": "f72uttg", "text": "Back office bitch gtfo", "replies": [], "depth": 1}, {"id": "f7w44j3", "text": "Hey I know I\u2019m late. But, I\u2019m a Senior at NC State University. I\u2019m looking for entry level analyst jobs in CRE. If you got any tips for me I\u2019d love to hear them. Thanks!", "replies": [], "depth": 1}]