Commercial Real Estate Market Analyst

Employer
CoStar Group
Location
Washington, DC
Posted
Sep 15, 2017
Closes
Sep 22, 2017
Function
Analyst
Hours
Full Time
Commercial Real Estate Market AnalystJob DescriptionRoles and ResponsibilitiesThe Commercial Real Estate Market Analyst is responsible for producing meaningful, relevant, and insightful analysis of real estate market conditions for inclusion in CoStar's product offerings. This content will take various forms, including 1) written narratives in CoStar's market and sub-market reports; 2) visual content included in presentations about the market; 3) verbal discussions about the market with CoStar customers; and 4) written and visual content sent to the media. The Commercial Real Estate Market Analyst will cover the multifamily and office property types within a metropolitan area and is expected to live in the market being coveredAnalyze market data and draw insightful conclusions.The Commercial Real Estate Market Analyst is responsible for utilizing all the data available at CoStar and to manipulate, aggregate and organize this data to uncover trends, patterns and other insight of interest to the real estate industry.Maintain well-written, timely apartment market and sub-market reports.One of the primary work products of the Commercial Real Estate Market Analyst is written analysis and commentary on sub-markets and markets covered by CoStar. This commentary should be relevant, insightful, interesting and thought provoking to CoStar owner / investor / lender clients.Regularly review CoStar data for accuracy, timeliness and quality.In addition to data being gathered directly by CoStar researchers, CoStar has large volumes of data coming in from various other sources, including property management data feeds, scrapes of web sites, and entry directly from clients. The Commercial Real Estate Market Analyst is responsible for monitoring the data from all these sources, reviewing for accuracy, and ensuring errors and outliers are corrected in a timely manner.Translate analysis and insights into meaningful presentations and deliver them to the market.Working with the Regional Economist, the Commercial Real Estate Market Analyst will maintain and deliver frequent in-person market updates to CoStar Market Analytics clients and industry groups, focusing on economic and apartment trends in the market.As part of the national CoStar quarterly webinar series, put together and present a webinar covering local market conditions that be presented after the national webinar.Conduct a quarterly "Advisory Board" made up of key industry participants in the market. These meetings should focus on presenting the attendees with updates on market conditions, getting their reaction to our analysis, and soliciting feedback on the CoStar Market Analytics product offering.Put together a "Big Book" PowerPoint presentation for every market covered to be loaded into the CoStar Market Analytics product offering.The Commercial Real Estate Market Analyst should engage in a limited amount of custom work for clients. This work should never amount to a sizable portion of the job, with the primary focus on core CoStar product offering.Qualifications7+ years of experience working in real estate, with deep familiarity of the local market.College degree, preferably in economics, finance, or real estate (graduate degree preferred).Expert understanding of economic theory and principals and their application to the real estate industry.Demonstrated writing skills. Ability to write effectively and in large volumes.Strong data and analysis skills, including Excel and SQL data manipulation skills. Proven ability to formulate and test hypotheses about trends in the market.Expert MS Office skills.Polished presentation and communication skills. Comfortable talking and presenting to others, often in large groups, about market conditions.Dynamic professional. Excellent communication, networking and people skills. Persuasive.Strong work ethic, self-starter but able to work in a team environment.Client orientation, a desire to help clients succeed.Must be legally authorized to work in the USEngage in limited custom and consulting work for CoStar Market Analytics clients.*LI-MT1CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing