Got a friend wanting to break into CRE from a corporate finance background and trying to give him some advice. He’s got a lead on a smaller brokerage firm, and they’re claiming the 2nd year analyst pulled in 300k last year and the 4th year guy pulled in 600k. First notion was “classic brokers” and thought bullshit.
They play in smaller retail and office spaces primarily, think strip malls and 2-5k sq ft office spaces. Not as familiar with shops that do smaller deals and their fees, as I work in the $30-100M deal realm. I get the heavy hitters for high valued assets get huge commissions, but I’m trying to work out the math and it just doesn’t sound right to me for these guys.
And I totally off? Any insight on brokerage fees/commissions at smaller shops?
Damn, 300k for a second year analyst? I don’t have many data points to go off of, but that sounds like a lot. Currently an intern at a small investment sales shop in Philly, we focus on multi family and mixed use assets in the 5-30 million range. My boss, who is a director, early-mid 30’s, pulled in about 400k last year. The other director pulled in around 500k. We have a few younger brokers but don’t really know how much they made, if I had to guess low six figures. I don’t get paid anything and the other analyst are probably around 100k all in.
If this is true, could you PM the name of this shop lol.
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