Commercial real estate specialists can assess properties in their market area based on building quality, location, and marketability. As experts in valuation, leasing, acquisition, sales, asset management, or development, the ultimate goal of an industrial specialist is to finalize transactions by considering economic and legal factors. A strong awareness of market trends, along with solid numerical (financial) and negotiation skills, and a broad network within the real estate industry, are essential to becoming a specialist. Additionally, a thorough understanding of technical, legal, and tax aspects of real estate transactions can further highlight their expertise in the respective market.
An industrial specialist helps ensure that manufacturing facilities operate at full productivity and performance. They often plan the expansion or conversion of industrial facilities or work with production managers to ensure successful operations. Industrial specialists may also provide technical advice about machinery or materials to employees. When looking at industrial properties, having a skilled team to help you along every stage, from finding the property to converting it to best fit your company’s plans, will help you select the right property.
Becoming an industrial specialist involves getting a degree in industrial management, applied sciences, business administration, engineering, or a related field. Many industrial specialists focus on specific fields like aviation, industrial operations, or chemicals. Being an industrial specialist requires skills in management, interpersonal skills, and the flexibility to travel for on-site inspections.
The Society of Office and Industrial Realtors is a global association of skilled professional office and industrial real estate specialists. Members of the SIOR have proven themselves to be the most experienced and knowledgeable and have passed rigorous transaction guidelines and SIOR ethics courses.
Gaining certification for Industrial or Office Specialists from SIOR demonstrates that you are one of the best in your field. Those seeking this certification should have at least five years of active experience in industrial or office real estate brokerage, sales, leasing, transaction management, or marketing. You should complete an International Production Verification Affidavit and be able to provide endorsements from two active designee members. The SIOR designation is more than a certification; it is proof of your skills. An SIOR designation means your experience is acknowledged by commercial real estate brokers, agents, corporate real estate executives, and other real estate professionals.
Working with an industrial specialist ensures you will always make the most informed decisions about commercial real estate purchases. Mike Ullian of The Ullian Realty Corporation earned the SIOR designation over 30 years ago. He has worked and lived in Brevard County for the entirety of that time. Contact us to schedule a time to learn more about working with industrial specialists in Brevard County, FL.
This article was originally published on November 5, 2020, but has been updated for freshness and accuracy.
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