Choosing a career path is a significant decision, especially in the early stages of professional life. For those considering a venture into commercial real estate (CRE), the decision involves weighing various factors. In this article, we delve into the pros and cons of pursuing a full-time career in CRE, offering insights to help individuals navigate this dynamic industry.
High Income Potential
- In CRE, financial rewards can be substantial, with individuals in their twenties earning multiple six figures annually.
- Major property sales, lucrative transactions, and entrepreneurial endeavors contribute to the industry’s impressive income potential.
- The high dollar amounts associated with CRE deals result in substantial commissions, fees, and income streams for those involved.
Entrepreneurial Opportunities
- CRE is inherently entrepreneurial, allowing individuals to build their own portfolios with a skill set, network, and a dream.
- Unlike traditional startups that may require significant capital and team building, CRE firms often start with a few partners raising third-party equity on a deal-by-deal basis.
- The entrepreneurial path in CRE is “de-risked” compared to other industries, with low overhead during initial operations.
Tangibility of Assets
- Real estate’s physical nature distinguishes it as a tangible asset class, appealing to those who appreciate seeing and touching their investments.
- Understanding the operations of properties like apartment complexes or office buildings is more straightforward compared to complex businesses in obscure industries.
- Real estate’s impact on daily life, influencing how people live, work, shop, and travel, adds a layer of personal connection and excitement to the industry.
Whether attracted by the industry’s financial rewards, entrepreneurial spirit, or the tangible nature of assets, those entering CRE should carefully assess their own preferences, career goals, and risk tolerance to determine if this dynamic field aligns with their long-term aspirations.
Get your CRE career started with Cohen Commercial’s internship program – learn more by visiting https://cohencommercial.com/interns.html .
