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
Associate
  OVERVIEW:Our client, Eastdil Secured, a Wells Fargo subsidiary, is a real estate investment banking firm that provides real estate clients with transactional services focusing on raising public or private debt or equity.  Eastdil Secured designs capital market strategies and structure...


SelectLeaders DC-Washington 11/18/09
: Vice-President, Facilities Planning, Construction and Management
REPORTS TO:        President & CEOPRIMARY OBJECTIVE:The Vice-President for Facilities Planning, Construction and Management is the Garden’s senior administrator responsible for physical plant maintenance and operations, facilities planning, and capital...


Brooklyn Botanic Garden NY-Brooklyn 11/17/09
Commercial Real Estate Research Associate
  CoStar Group is currently seeking enthusiastic, customer-focused Research Associates at our state of the art Atlanta, GA office. As a Research Associate, you are the foundation of CoStar's business. The overall goal of the Research Associate is to effectively maintain a portfolio of ac...


CoStar Group CA-San Diego 11/16/09
Real Estate Financial Analyst/FT/Northern, VA Area
Founded in 1892 and accredited by the Middle States Commission on Higher Education, Strayer University’s mission is to make high quality post-secondary education achievable for motivated working adults. Strayer has become one of the most respected adult-focused universities in America and a...


Strayer University VA-Northern 11/13/09
Lease Administrator FT/Strayer University/Springfield/Lorton, VA Area
Founded in 1892 and accredited by the Middle States Commission on Higher Education, Strayer University’s mission is to make high quality post-secondary education achievable for motivated working adults. Strayer has become one of the most respected adult-focused universities in America and a...


Strayer University VA-Springfield/Lorton 11/13/09
Transaction Coordinator
Responsibilities: Ensure that all real estate transactions are conducted according to Randstad US policies and procedures.  Provide guidance and assistance to the business units for all major real estate transactions, including lease transactions and divestures.  Function as an integral...


Randstad United States GA-Atlanta 11/13/09
Chief Investment Officer
Investment banking firm located in NYC is seeking a high profile CIO to acquire REO and distressed debt from financial institutions.  Individual must have significant experience in acquiring and operating real estate as a principal.  Individual should also be an established deal maker w...


Confidential NY 11/12/09
Director of Commercial Operations
 Starpoint Commercial Management, LLC is seeking a Director of Commercial Operations for its Beverly Hills office.  The Director will join our corporate team of thirty-five talented profesionals.  Starpoint is dedicated to achieving excellence, growing our expertise,...


Starpoint Property Management, LLC CA-Beverly Hills 11/11/09
Senior Asset Manager
  Firm and Position American Realty Advisors, a Los Angeles area based SEC registered commercial real estate investment manager with $3.7 billion in assets under management, is seeking a Senior Asset Manager to join its real estate professional team in our Chicago, Illinois office. ...


American Realty Advisors IL-Chicago 11/10/09
Senior Asset Manager
 Firm and Position American Realty Advisors, a Los Angeles area based SEC registered commercial real estate investment manager with $3.7 billion in assets under management, is seeking a Senior Asset Manager to join its real estate professional team in our Glendale, California office.&nb...


American Realty Advisors CA-Los Angeles 11/10/09

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