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
Lead Property Manager
The U.S. General Services Administration (GSA) is looking for an experienced and professional individual to fill a Lead Property Manager position in Chicago, IL. The ideal candidate should have experience in the day to day management of large office buildings or large office complexes incl...


General Services Administration IL-Chicago 9/2/10
Account Executive
CoStar’s Account Executive is responsible for growing revenue through the sales of CoStar’s marketing and information products to subscribers and non-subscribers within a specific geographic territory and, managing an existing book of business. So why work for CoStar?  ...


CoStar Group FL-Fort Lauderdale 9/1/10
PORTFOLIO MANAGEMENT COORDINATOR
  Portfolio Management Coordinator Full-time, Non-Exempt   This position provides executive administrative support to our two Senior Asset Managers in the Washington, D.C. office as well as additional support to the Portfolio Management Team.   ES...


Grosvenor DC-Washington 8/31/10
Office Building Property Manager
Parmenter Realty Partners (Parmenter) www.parmco.com is seeking a Property Manager in Denver, Colorado.      Responsibilities:  This position reports to the Asset Manager and is responsible for all facets of property management including interfaci...


Parmenter Realty Partners CO-Denver 8/31/10
Sr Real Estate Associate
Investment banking firm headquartered in NYC is seeking an experienced senior real estate executive who has a proven track record in commercial real estate. Experience in acquisitions and equity and debt recapitalizations required.   Proficiency in Argus & Excel, st...


Confidential NY 8/31/10
REAL ESTATE COMMERCIAL
Iconik Enterprises, LLC. is a five year old commercial real estate brokerage firm located in midtown Manhattan. We are a highly successful boutique firm focused on two major sectors of the New York and national markets: Investment Sales and Leasing. We specialize in representing high net ...


ICONIK ENTERPRISES, LLC. NY-New York, 8/31/10
Marketing Director
Marketing Director - Philadelphia, PA Company:Athenian Properties LLC, Razak Company Type: Full-time, permanent Experience: Senior level Functions: Create program to market company services/raise capital; manage and administer this program. Industries: Commercial Real Estate, Multifamil...


Athenian Properties LLC PA-Philadelphia 8/30/10
Senior Property Manager
TITLE:                                   Senior Property Manager     REPORTS TO:   &...


McCord Development/Navisys Group TX-Houston 8/30/10
Associate
Allied Advisors is seeking an Associate who desires to pursue a career in real estate investment banking. Candidates should have strong quantitative and qualitative abilities and computer proficiency. Excellent writing skills and strong time management abilities. Primary responsibilities ...


Allied Advisors, LLC TX-Houston 8/28/10
Senior Property Accountant
  Job Scope: Responsible for providing timely and accurate reporting of day to day operations of respective properties, managing and executing the financial reporting, budgeting and forecasting process for assigned properties.   Job Responsibilities: Leadership ...


Brookfield TX-Houston 8/27/10

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