Commercial Real Estate vs Luxury Real Estate NYC
In the New York City Real Estate market, would it be better to specialise in selling commercial real estate or luxury residential real estate? Would it be more profitable to be a broker for companies like CBRE, JLL, C&W or brokerages like Nest Seekers International and Douglas Elliman? Which of the two careers is more luxurious (in terms of lifestyle)?
Of course there are many commercial and residential real estate brokers that make a lot of money in cities like New York, but at the end of the day it comes down to which of the two career paths are more efficient if the goal is to ultimately net a certain amount by the end of the year. I've heard conflicting information regarding both careers, and it's difficult to determine what exactly is the reality of the situation.