Back again with a ridiculous potential career pivot…. As you all know Office Tenant Representative brokerage has gone to shit. I am 3 years into CRE and am seeing the light fading away in the distance. Looking at exit opportunities outside of CRE.
Applied to McKinsey and have the first round in a couple of weeks.
Hard leaving the “sky’s the limit” for potential earnings, but realistically the office market has changed substantially.
Any thoughts on sticking it out or pivoting?
Is it worth sacrificing the relationships and companies that will pay out over the next few years?
Has anyone made the switch from brokerage to consulting?
Sounds terrible. Why not pivot to a different asset class or just wait it out.
I think there is some truth to that office has changed forever. However my prediction (for whatever thats worth LOL) is that large corporations are sick of employees WFH. If they are mandating vaccines wouldnt you think they are doing this to get people back in office? Idk I just feel like I am seeing way more companies pressuring employees to return to office than continuing to WFH. I would also mention any asset class is extremely nuanced and there are multiple subsets under one umbrella. For example as I am sure most of you know 'office' can mean many things such as medical office, dental office, educational offices, government offices then there are 'flex' uses where buildings/tenants closer resemble industrial. If you have been in this for 3 years wouldnt you try to stick it out? I feel like in brokerage 3 to 5 years is where some hit there stride. I am sure there are many other factors you will consider as well such as team, market and exit opps. Good luck! I think consulting could be a good route given your leasing background.
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