A Day in The Life:
Real Estate Analyst
What is your job about?
Day-to-day work for my role varies from forecasting real estate markets, producing reports or presentations on the latest investment trends, or helping clients with bespoke requests. I cover the City, Southbank and Docklands office markets, as well as contributing towards our investment research for CoStar's Analytics team. Clients use us as an independent source of data, forecasts and research to help them make investment and asset management decisions.
What does your typical day look like?
Each quarter the team will update our data and produce forecasts. I'll produce a report and a presentation for each of my markets. In between quarter-ends, my day is usually taken up with fielding client questions, producing bespoke research for our clients and developing models and products to improve our service.
What is the most challenging aspect of your job?
Forecasting has been the biggest challenge during this volatile period for real estate. Clients have required more alternative economic scenarios, stress tests and risk analysis than ever before. Predicting what's going to happen next is never easy!
And the best part?
Correctly predicting what's going to happen next! Identifying the next big trend before anyone else does is definitely the best part.
What advice would you give to someone who is interested in working as a Real Estate Analyst?
Most of the team have, or are working towards, a property-related degree or other qualifications such as the IMC, CFA or CAIA. It is a huge benefit in this industry. My only other advice is to learn to love Excel.
