How is the commercial real estate market doing currently in Chicago?

Bookworm259 asked:


I’ll be graduating from college this May and I’m hoping to get into real estate development or commercial real estate. Is the commercial market currently as shaky as the residential market?

Thanks

Thermage

2 Comments so far

  1. lolly on February 8th, 2009

    walk in bathtubs s

    Businesses are downsizing. I hear the there are a lot of vacancies in the Sears Tower — because it was a possible target during 911 people don’t want to lease there.

  2. MC Wife on February 9th, 2009

    Howard County real estate

    Yes, the commercial side of the business is taking a beating right now too. Several of the large commercial real estate companies are experiencing layoffs (my company will not even accept resumes this year).

    Don’t let that completely turn you off. As a new grad, you would not want a commission based position anyway, so start knocking on those doors. If you are sure that commercial development is where you want to be, sell this as the company’s “opportunity” to get a new employee at a bargain rate to train for the next cycle.