Office Real Estate Jobs

The office sector has a wide variety of tenants and building types. In the central business district of major metropolitan areas, office buildings can rise more than 40 stories and are leased to high quality, often national and international businesses. Larger corporations will own their own buildings and occupy the entire space, but generally, office space is leased on long term leases to multiple tenants. Tenants in multi-story buildings will either lease an entire floor or multiple floors, depending on the size of the company. Suburban office space is located in midrise and single-tenant buildings. Many office buildings are located close to transportation hubs such as airports and highways in order to easily facilitate business travel. These types of locations are also advantageous in that they give the business high visibility. Professional building and property managers usually maintain and operate office buildings on behalf of the owner. Office buildings are rated by class from A to C depending on the age and quality of building, location, the quality of the tenants, the amount of rents commanded, and the management.

Information on this page provided courtesy of Cornell University Program in Real Estate
Information Provided by Cornell University

Professional Reading and Resources

  • "Buildings"
  • "The Urban Ecologist"
  • "Commercial Property News"
  • "Real Estate Forum"
  • "Development Magazine by NAIOP"
  • "Urban Land"by ULI

Industry Segments

  • Class A:
    New to newer buildings, Excellent locations (Central Business District), High quality tenants, Professionally managed
  • Class B:
    Little to no deterioration in building quality, Good locations, Good tenants, Professionally managed
  • Class C:
    15 to 25 years old, Good to mediocre locations, Steady occupancy of tenants, Good management

Looking to the Future

The success of the office real estate sector is driven by the strength of the economy, in particular job growth. As companies expand and businesses grow the increased demand for office space spurs development and increases rents. Unfortunately, the recent events in the financial markets have shaken the foundation of the office sector. As rents decline, prime space that was once unavailable to some companies now seems affordable, and they will forgo the secondary office markets for the best locations. As the economy begins to recover, consumers start spending, and job are created. This will cause the office sector to grow once again; however, it will take the longest time for these secondary office markets to feel any relief.

Top Office Real Estate Companies

  • RREEF
  • Brookfield Properties Corp.
  • The Blackstone Group
  • Hines
  • Vornado Realty Trust

Top Markets

Markets are ranked based on their cumulative weighted-average scores for various indicators, including forecast employment change, vacancy, construction, housing affordability and rents.

MSARank 2009Rank 200808-09 Change
Washington, D.C.176
Portland264
Philadelphia396
Houston484
Los Angeles532
San Francisco642
Seattle716
San Diego8124
New York City927
Boston1055

Source: Marcus & Millichap 2009 National Office Report, 2009 National Retail Report

Sector Quick Facts

Source: NAREIT www.reit.com "Annual Index Values & Returns, 1972-2008"

From the SelectLeaders/Cornell Job Barometer, Fall 2008



Job Title / Description     Hide Description Company Location Posted
Financial Analyst, Real Estate Investment Sales
 Financial Analyst, Real Estate Investment Sales A leading national commercial real estate advisory firm, has an immediate opportunity for a financial analyst within its Investment Sales Group in New York City.  The Investment Sales Group is a small team that has been involved in t...


Confidential NY 2/8/10
Financial Analyst / Associate
Asset Manager - Analyst/Associate Los Angeles, CA$75-80k + BONUS A Los Angeles based, full-service real estate operating company and institutional investment advisor focused on the acquisition, development, operation and ownership of commercial properties throughout the United States, is see...


Wollborg/Michelson CA-Torrance 2/5/10
Leasing Administrator
  Facilitate the accurate and timely abstracting and transmittal of lease documents and lease informationJob ResponsibilitiesPrimary1Review and accurately abstract all fully executed lease documents, including storage agreements, amendments, license agreements, subleases.Review, verify and d...


Brookfield Properties DC-Washington 2/5/10
Real Estate Analyst
   REAL ESTATE ANALYST  Pacific Office Properties Trust, Inc. is a real estate investment trust, which acquires, owns, and operates office properties in the western U.S., focusing initially on the five high-growth markets of Honolulu, San Diego, Orange County, Los Angeles...


Pacific Office Properties CA-San Diego 2/3/10
Regional Vice President, West Coast
 Position  Summary The Vice President of the Western Region manages and enhances the portfolio value of commercial office properties including office, industrial and flex through expertise in property management oversight, leasing, tenant relations, development and expansion of the...


Reit Management & Research LLC CA-Sacramento 2/3/10
Building Services Specialist
Building Services Specialist (Building Automation Systems) The General Services Administration (GSA) is currently seeking experienced and professional individuals to fill Building Services Specialist positions in Chicago, IL, Detroit, MI, Springfield, IL, Cleveland or Columbus, OH and Fort S...


General Services Administration Multiple Locations 2/3/10
ANALYST - REAL ESTATE PRIVATE EQUITY
Our client, a Real Estate Private Equity firm is looking to hire a qualified real estate candidate to join their team as an Analyst. This analyst should have no more than 3 years total work experience, as this is truly an analyst position.  Candidates with any type of post-graduate degree wi...


Career Group Search CA-Southern California 2/2/10
Director, Asset Management
Company Description: Prudential Real Estate Investors (PREI) is the real estate investment management business of Prudential Financial.  We are active nationwide in various property sectors-office, industrial, retail, multi-family, hospitality, and land investments.  As of Septembe...


Prudential CA-San Francisco 2/2/10
Asset Management Associate
Description A real estate investment firm with an office in NYC is looking for an asset management associate with experience in working out distressed residential and commercial loans.  The firm is growing quickly, and has an entrepreneurial culture that provides excellent opportunities for ...


Confidential NY 2/2/10
Lease Administrator
Start Date:                     ImmediateDuration:                       Approximately ...


Broadcom Corporation CA-Irvine 2/1/10

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