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
Senior Real Estate Analyst/Underwriter
Real estate investment banking firm headquartered in NYC is seeking experienced real estate analysts and underwriters to work on a consulting basis in both our principal and advisory transactons group.  Candidates working in our loan sale advisory group or principal acqui...


Confidential NY 11/5/09
Vice President and Analyst Positions
Vice President and Analyst Positions  Savills is an international real estate investment banking firm offering the highest quality services in investment sales, debt and equity placement and strategic advisory work. The company's expertise spans the full range of property types...


Savills LLC NY-New York 11/5/09
Property Manager
Ciminelli Development Company, Inc. is searching for a Property Manager to provide on and off-site property and facility management activities in the Western New York/Buffalo area.  The Property Manager assists with the efficient implementation and management of company and property related ...


Ciminelli Development Company, Inc. NY-Williamsville 11/3/09
Real Estate Portfolio Analyst
Real Estate Portfolio AnalystWCV Commercial Properties Inc.Location: Walnut Creek, CA Company Description: WCV Commercial Properties Inc. is a West Coast based Asset Management Company. WCV currently oversees a 24 million square foot commercial real estate portfolio with assets in California, Was...


WCV Commercial Properties CA-Walnut Creek 10/30/09
Commercial Asst Mgr/Leasing Agent
Commercial Real Estate Co seeks Commercial Asset Manager and Leasing Professional to assist with Retail/Office only asset management and leasing matters, including, but not limited to, FINDING NEW TENANTS FOR RETAIL CENTERS IN CALIFORNIA thru hands on direct call marketing basis, handling lease r...


Confidential CA 10/29/09
LEASING
Motivated Leasing person needed for shopping center and office building in Holyoke Massachusetts.  Salary and Bonus when leasing is completed.  Must have car. 


SEGBRO MA-Holyoke 10/28/09
Asset Manager & Business Development Director
Asset Manager & Business Development Director Voit Real Estate Services     Newport Beach, CA  Voit Real Estate Services is a full service commercial real estate services firm that provides strategic property solutions scaled to the clients needs. Our intent is t...


Voit Real Estate Services, LLC CA-Newport Beach 10/27/09
General Manager, Facilities Management
Position: General Manager, Facility ManagementLocation: Calgary, AlbertaResponsibilities and Duties (but not limited to):Provides strategic vision for the Operation. Responsible for cultivating a strong culture of safety, on-time performance and excellence in customer service. Organizes and direc...


Compass Group Canada ON-Mississauga
(Canada)
10/27/09
Lead Analyst, Oper. Risk Mgt.
Description:  Prudential Financial companies serve individual and institutional customers worldwide and include The Prudential Insurance Company of America, one of the largest life insurance companies in the United States. These companies offer a variety of products and services, includ...


Prudential NJ-Parsippany 10/22/09
Property Management Coordinator
A unique, entrepreneurial, private company focused on creating and adding value through the development, redevelopment, and professional management of real estate. The Company holds active Office, Retail and Industrial projects throughout the West Coast and South East.  We are seeking a high...


Crown Realty & Development CA-Irvine, CA 10/19/09

Our Job Site Network

All jobs appear on all these sites

BOMA CCIM CMSA CREW Network GlobeSt.com NAIOP NAREIT NMHC PREA SelectLeaders SIOR ULI

Job Categories

Jobs by Sector

Jobs by Location

More Links