Curious if anyone is familiar with this niche in the industry. Met a guy recently who was formerly global head of real estate for Amex and has done very well. Monitoring a global real estate portfolio across major global cities sounds interesting.
What are the necessary skillsets to break in? Seems like a lot of lease negotiations, involvement in TI/TA process. How do people break into this field- what are typical backgrounds, and what are exit opportunities?
How does corporate real estate compare to the principal side?
Work/life balance, compensation, travel etc.?
It is like being the opposite of a landlord
Basically Office Asset Management for a private operator, and or a stint in a big brokerage leasing company or both. These jobs don't pay great until you are the "top" corporate dog.
No personal exposure to the corporate real estate on my end, but it was a path I considered going down.
Skillset - seems to be mostly portfolio management, space utilization, and acq/leasing of space.
Breaking in - from what I could tell there are not a lot of junior roles within corporate real estate, all job openings I could see required at least 10yrs experience. The role and requirements are going to be very firm specific. If you are working for amazon they may want someone with experience buying and developing industrial, whereas if you are working for Dominos, they may want someone with experience negotiating retail leases.
I imagine the worklife balance would be pretty decent unless you are working on a large active deal with travel to sites you are looking to lease or buy, but I cant give to much information here as I have not worked in the industry.
Would love if someone with first hand experience would opine, an interested path that isnt talked about much on this forum.
Something that seems like it would be cool as hell at an Amazon (working on HQ2 and their industrial spaces) or AmEx like you say… but is probably in-house leasing at most places.
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