Here's how you can effectively ask for a raise in the Commercial Real Estate industry.

To effectively ask for a raise in commercial real estate, highlight your achievements, research market rates, and choose an opportune time to present a well-prepared case to your supervisor.

If you upskill. Understand the commercial markets. How it has moved. Where is it going. Understand leasing. Preleased exits. Valuations. Footfalls. Micromarkets. You have to up your game. It's beyond just Introducing a tenant to a investor / landlord. Things are changing. Be the leader. Adapt to the changes.

Asking for a raise in the Commercial Real Estate industry requires preparation and strategic communication. Highlight your achievements with quantifiable metrics, such as deals closed or revenue generated. Research industry salary standards to justify your request. Emphasize your value to the company and your role in its success. Approach the conversation with confidence and professionalism, clearly articulating why you deserve the raise and how your contributions have positively impacted the business.

1. Demonstrate an understanding of all aspects of real estate. *Valuation, acquisition, leasing, asset management, financing, legal…etc. 2. Grow your network. *You need an army of business acquaintances to ensure success. If and when something goes wrong, you will know who to call for a solution. Don’t always rely on your boss for answers. 3. Know your market and understand where we are in the cycle. *Opportunity is all around us. Take the time to pull new building permits. I would love to build a hotel next to the newly approved office complex. 4. Work 12 hour days. *People will recognize the hardest person in the room and want to associate them. Success is not a destination, it’s a journey, buckle up & enjoy it.

* Do your research: Gather data to support your request. Look at salary benchmarks for your position, experience level, and location. Resources like CEL & Associates reports and salary comparison websites can be helpful. * Highlight your accomplishments: Compile a list of your achievements and contributions to the company. Quantify your results whenever possible. Focus on how your work has increased revenue, reduced costs, or improved efficiency. * Time your request strategically: Don't ask for a raise during a busy period or when the company is facing financial difficulties. Ideally, time your request to coincide with your performance review or after you've completed a significant project.

To secure a raise in commercial real estate, it's important to highlight your research on market rates and choose the right time to present a well-prepared case. You should demonstrate a deep understanding of the industry, approach the conversation with confidence and professionalism, and clearly articulate why your contributions stand out. Additionally, be adaptable and show leadership skills.

Keep a log of your successful closings and their value - it can be a useful metric to show the decision makers not only the amount of work you can leverage, but also the number of satisfied customers you have created.

Salary is not the only kind of compensation that can increase job satisfaction - consider profit sharing incentives, bonuses, additional paid vacation days, paid parking, mileage reimbursement, etc. Pre-tax incentives can be particularly beneficial depending on your forecasted tax bracket.

I once prepared a detailed report showing my contributions at work, like successful deals and client retention. This data-backed my request for a raise. 📈 - Timing is everything. Ask for a raise during a high-performance period or right after a big achievement, like closing a big deal. ⏰ - Align your raise request with industry standards. Research salary benchmarks for your role and experience to make sure your request is reasonable and competitive. 📊

Effective negotiation hinges on confidently articulating your request. Prepare by practicing your pitch to ensure clear, concise communication. Emphasize your commitment to the company and your desire to contribute to its success. Justify how a compensation increase aligns with industry standards and reflects your value to the team. Rehearsing your pitch will also help you handle objections or questions. Additionally, research market rates and industry standards. Highlight your achievements with specific metrics. Set clear goals, build a case for your future value, and stay professional. Be open to compromise and follow up after the discussion to ensure clarity and agreement.