Commercial Real Estate Intern

Job Description

About Cresa

At Cresa, we are driven by the belief that our clients deserve exceptional service and results. We strive to provide a superior experience, fostering better spaces for work, creativity, growth, and ultimately, better outcomes for their people and organizations. As a dedicated partner, we prioritize client needs, skillfully navigating the complex real estate landscape, tilting the playing field in their favor, and offering an invaluable insider’s edge.

Our core mission is to meticulously identify and cultivate the most optimal environments for every business we serve. Our purpose transcends mere space; we aim to strengthen our clients and enhance the quality of life for both them and our employees. Cresa is fundamentally built to champion our clients’ aspirations through strategic real estate solutions. When forging partnerships, we actively seek those who resonate with our foundational values: Work Together, Create Value, Be Tenacious, Enhance Community, and Embrace Diversity.

We are committed to being a catalyst for change, collaborating to innovate and discover new approaches that generate significant value for our clients and for each other. We foster a collaborative environment where making a positive difference daily is a source of profound satisfaction. Joining Cresa means becoming part of something larger – an opportunity to learn, advance, mentor, and be recognized. Your voice is valued, and your individual and team contributions are deeply appreciated.

Job Title: Commercial Real Estate Intern (Tenant Representation Focus)

Role Overview

Cresa is dedicated to equipping all Advisors, whether seasoned professionals or new to commercial real estate, with the foundational knowledge and expert guidance essential for a successful and productive career. This internship offers a unique opportunity to gain comprehensive sales training, grounded in the distinctive “Cresa Way.” Interns will benefit from structured learning through training manuals, invaluable mentorship from senior brokers or Managing Principals, active involvement in dynamic teams, and participation in regular training meetings. This role is designed to provide hands-on experience and a robust introduction to the commercial real estate industry, with a specific emphasis on tenant representation.

Key Responsibilities

• Transaction Management Support:
  • Actively collaborate with our experienced brokerage team, providing crucial support for various transaction management activities.
  • Assist in the meticulous preparation of critical documents such as Requests for Proposals (RFPs) and Letters of Intent (LOIs).
  • Engage in comprehensive financial analysis and thorough market research to inform negotiation strategies and aid in strategic decision-making processes for clients.
• Financial Analysis:
  • Analyze complex financial data, including detailed rent schedules, lease terms, and occupancy costs, to provide clear insights.
  • Develop sophisticated financial models and forecasts that directly support lease negotiations and enhance client presentations.
  • Contribute valuable input on pricing strategies and rigorously evaluate the potential financial impacts of proposed real estate transactions.
• Exposure to Other Service Lines:
  • Participate in diverse projects led by our Lease Administration team, gaining invaluable insights into lease management best practices, compliance requirements, and administrative processes.
  • Contribute to project management initiatives by assisting with planning, coordination, and the efficient execution of various projects.
  • Explore the application of data analytics within the commercial real estate context, helping to identify emerging trends and discover optimization opportunities crucial for the site selection process.

Qualifications

Required:

• Currently pursuing a bachelor’s or master’s degree in Real Estate, Finance, Business, or a closely related field.
• Demonstrated strong analytical and problem-solving abilities with a keen eye for detail.
• Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, Outlook) is essential.
• Possess excellent communication and interpersonal skills, capable of engaging effectively with colleagues and clients.
• Exceptional organizational skills and the proven ability to efficiently manage multiple tasks while consistently meeting deadlines.
• A profound keen interest in commercial real estate and a strong, proactive desire to learn and grow within the industry.

Benefits of Working at Cresa

• Gain unparalleled hands-on experience within a dynamic and highly collaborative real estate environment.
• Receive broad exposure to various facets of the commercial real estate industry, with a specialized focus on tenant representation.
• Benefit from direct mentorship from experienced professionals in the field, providing guidance and insights.
• Access abundant networking opportunities with colleagues and key industry partners, fostering future career growth.
• Receive competitive compensation and unlock the potential for significant future career opportunities at Cresa.

Physical Requirements

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions in accordance with the Americans with Disabilities Act.

NOTE: The job description is an overview of the functions and requirements for this position. This document is not intended to be an exhaustive list encompassing every duty and requirement of this position; supervisors may assign other duties as deemed necessary.

Commitment to Diversity & Inclusion

Cresa is deeply committed to developing and maintaining a diverse workforce. We strongly believe in equal opportunity extended to all individuals in all aspects of the employment relationship without regard to race, color, religion, belief, creed, age, sex, pregnancy or maternity (including childbirth and related conditions), family responsibility (e.g. child care, elder care), nationality, ethnic or national origin or ancestry, citizenship, marital status, civil partner status, sexual orientation, gender identity or expression, transgender status, veteran’s status, genetic information, political view or status as a qualified individual with a disability, protected leave status or any other protected characteristic in accordance with applicable law.