Career Opportunities in Real Estate Development
Are you an experienced real estate agent looking for a change? There are many types of jobs in real estate development that can be financially rewarding. Leverage your real estate knowledge and contacts to work in the real estate development field.
What does a real estate developer do?
A real estate developer oversees all professionals involved in building or renovating homes, offices, retail centers, industrial sites, and more on vacant land or in empty, neglected buildings.
However, there are a lot of different jobs in the real estate development process. Some jobs focus on scouting land and properties for projects, while others work on funding and obtaining permits. Still, other professionals oversee the construction or renovation projects.
In short, it takes a team to oversee a real estate development project. If you are a real estate agent, here are some career opportunities to contemplate when considering changing your niche.
Types of Jobs in Real Estate Development
Real estate development offers a wide range of career opportunities across various sectors within the industry. Whether you’re interested in finance, construction, or project management, there are numerous roles to consider. Here are some career opportunities in real estate development and the average salary for these roles, according to Glassdoor.
Real Estate Developer
Average salary of real estate developer: $133,000
Real estate developers identify and acquire properties, secure financing, oversee the design and construction process, and (sometimes) manage the property once it’s operational.
Real Estate Project Manager
Average salary of real estate project manager: $87,000
Project managers oversee the day-to-day activities of a real estate development project. They are responsible for budgeting, scheduling, and ensuring the project is completed on time and within budget.
Investment Finance Analyst
Average salary of an investment finance analyst: $96,000
Professionals in this role evaluate potential real estate development opportunities, perform financial modeling, and assess risks and returns. They often work for real estate investment firms or within development companies.
Market Research Analyst
Average salary of a market research analyst: $67,000
Market research analysts study local and national real estate markets to help developers make informed decisions about location, pricing, and project demand.
Real Estate Broker
Average salary of a real estate broker: $160,000
Real estate brokers help developers buy and sell properties. They have a deep understanding of the market and can assist in negotiations and transactions.
Real Estate Marketing
Average salary of real estate marketing professional: $99,000
Real estate developers of residential and commercial properties often need marketing and sales professionals to promote and sell properties once completed.
Average salary of real estate property manager: $95,000
Property managers oversee the day-to-day operations of completed developments, handling tenant relations, maintenance, and financial management.
Average salary of real estate facilities manager: $70,000
Facilities managers are responsible for maintaining and efficiently operating commercial properties, such as office buildings or shopping centers.
Real Estate Appraiser
Average salary of real estate appraiser: $87,000
Appraisers determine the value of properties, which is crucial for obtaining financing and making informed investment decisions.
Average salary of data analyst: $75,000
Data analysts collect and analyze data to provide insights for decision-making in real estate development, including market trends and pricing strategies.
How to Pick a Career Path
The real estate development industry offers diverse career paths, from the initial stages of project conception to the ongoing management of properties. The specific career you choose may depend on your skills, interests, and the particular niche within the real estate development field that appeals to you.
As in any profession, the success of one project is your audition for the next. Once you’ve done work that speaks for itself, real estate investors will want to work with you on future projects.
How do you expand your knowledge of real estate development? Look to the primary provider of real estate education – Colibri Real Estate. We offer a wide range of continuing education courses taught by industry leaders. And, if you are ready to become a high-paid real estate broker specializing in development projects, we are the school for you!
Our state-specific broker courses are affordable and convenient. Learn more about taking broker courses through Colibri Real Estate by visiting our website.