Real Estate Analyst Salary
Job Description for Real Estate Analyst
Real estate analysts are responsible for managing their organization's real estate holdings. Analysts continuously watch real estate markets where their company or clients have property, ensuring that any changes in that region are prepared for and any positive shifts can be capitalized on. Analysts are in charge of researching new areas to invest in and identifying opportune moments to sell current property. An analyst's responsibilities may include preparing weekly or monthly meetings for upper management to keep them abreast of developments, as well as working with buyers and answering their questions about the company's properties.Read More...
The majority of real estate analysts work with companies that hold significant real estate investments. These companies need analysts' expertise to ensure the stability of investment portfolios, as well as to aid in increasing their holdings. Analysts are responsible for minimizing the risk that these and future investments carry, while also carefully analyzing these regions. This is especially true for analysts working with companies specializing in structured finance. Whether working as a team or on a project alone, the analyst carries the responsibility for those purchases.
Analysts looking for employment are generally expected to hold at least a bachelor's degree in finance, business administration, or a related field. Depending on the seniority of the position, employers may ask for one to three years of experience working in commercial real estate.
Real Estate Analyst Tasks
- Oversee financial performance of a real estate portfolio, including cash flow and acquisition strategies.
- Underwrite and negotiate real estate transactions like purchases, dispositions, and leases.
- Coordinate budgets and service level agreements with property managers.
- Research legal documents and public records to assess the status of the title and perform due diligence.
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Popular Skills for Real Estate Analyst
Real Estate Analysts seem to exploit a large range of skills on the job. Most notably, skills in Valuation, Financial Modeling, Loan Underwriting, and Market Analysis are correlated to pay that is above average, with boosts between 6 percent and 8 percent. Skills that seem to negatively impact pay include Market Research, Research Analysis, and Argus. Those familiar with Financial Analysis also tend to know Microsoft Excel and Real Estate.
Pay by Experience Level for Real Estate Analyst
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Those in the early stages of their career can expect to make around $58K; however, individuals with five to 10 years of experience bring in $72K on average — a distinctly larger sum. Real Estate Analysts see a median salary of $67K after reaching one to two decades on the job. Real Estate Analysts who have spent more than 20 years on the job report earning a significantly higher median of $66K.
Pay Difference by Location
For those looking to make money, Real Estate Analysts in San Francisco enjoy an exceptional pay rate, 59 percent above the national average. Real Estate Analysts will also find cushy salaries in Boston (+28 percent), Los Angeles (+20 percent), New York (+20 percent), and Miami (+16 percent). Location significantly influences compensation, with San Diego Real Estate Analysts earning much less — 34 percent less — than the national average. Employers in Denver and Portland also lean toward paying below-median salaries (18 percent lower and 4 percent lower, respectively).
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