A commercial development job generally refers to a role that focuses on planning, managing, and executing projects to develop commercial properties—like office buildings, retail centers, warehouses, hotels, or mixed-use spaces. The job can involve a mix of real estate, finance, construction, and business strategy.
Here’s a breakdown of what such a role might include:
1. Project Planning & Feasibility
- Assess potential sites for development.
- Conduct market research to determine demand and profitability.
- Prepare financial models to forecast ROI, costs, and timelines.
2. Acquisition & Negotiation
- Help acquire land or existing properties.
- Negotiate deals with property owners, investors, or tenants.
3. Design & Construction Oversight
- Work with architects, engineers, and contractors.
- Ensure the project meets zoning, code, and environmental requirements.
- Monitor construction timelines and budgets.
4. Financial & Risk Management
- Secure financing or investment for projects.
- Track budgets, expenses, and cash flow.
- Identify and mitigate risks, such as regulatory changes or market shifts.
5. Leasing & Commercial Strategy
- Collaborate with leasing teams or property managers to attract tenants.
- Develop strategies to maximize property value and long-term revenue.
Typical job titles include:
- Commercial Development Manager
- Real Estate Development Associate
- Director of Commercial Development
- Project Manager – Commercial Real Estate
Skills required: financial modeling, project management, negotiation, knowledge of real estate laws and zoning, construction management, and market analysis.
In short, a commercial development job is all about turning property opportunities into profitable commercial spaces while managing every aspect from land acquisition to tenant occupancy.
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What is a commercial development job?