Be a part of a global, multibillion-dollar business.

Be a part of a global, multibillion-dollar business.

The commercial real estate industry is a significant driver of the U.S. economy. The 10.5 billion square feet of commercial office space located within the markets served by BOMA International’s U.S. local associations generated $89.1 billion in operational expenditures to the benefit of workers and businesses within their host jurisdictions, contributing nearly $235 billion to the national gross domestic product (GDP). These numbers reveal that this otherwise “hidden” industry—frequently overlooked by the millions of office workers who take for granted the properties they occupy each work day—is a major force in U.S. commerce.

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The duties and responsibilities of property managers have grown over time with an increased focus on maximizing the bottom line for their owners. Property managers are responsible for a diverse set of duties for a single property or a real estate portfolio, including overseeing the day-to-day operations; managing marketing and leasing; preparing, submitting and managing the property’s budget; performing lease administration duties, monitoring rent collections; directing tenant retention programs; coordinating property maintenance and repair; and ensuring the property’s compliance with policies and procedures, building codes and regulations. Property managers are not only involved in the daily operations at the property level, they must have a comprehensive understanding of the owner’s strategy for the property or assets in their real estate portfolio.
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