What are the responsibilities and job description for the Research Analyst position at NEWMARK?
JOB DESCRIPTION
The Research Analyst role will collaborate closely with other members of the research team to assist brokers on research needs, produce recurring or custom research content, and work on data collection and database management.
The role will report to the Northwest Research Director.
Research duties will be primarily focused on San Francisco and the East Bay Markets.
RESPONSIBILITIES
Essential Job
Duties:
The Research Analyst role will collaborate closely with other members of the research team to assist brokers on research needs, produce recurring or custom research content, and work on data collection and database management.
The role will report to the Northwest Research Director.
Research duties will be primarily focused on San Francisco and the East Bay Markets.
RESPONSIBILITIES
Essential Job
Duties:
- Participates in establishing procedures for acquiring, entering and verifying real estate market data related to properties, listings, tenants and comparable transactions for all divisions covered by the district offices.
- Maintains the market data integrity used in the research function, which includes overseeing data collection, data input/verification and review, by salespeople.
- Responsible for addressing issues of data quality and will maintain a policy of data security both within and outside the office.
- Responsible for the aggregation, analysis, interpretation, and reporting of market research data through internal and outside sources.
- Works closely with associates to address their research needs and formulates text and graphics for regular market information reports.
- Monitors the research capabilities of local market competition.
- Understands all software programs used within the research function.
- Researches and recommends new programs for the maintenance of research information.
- Participates in evaluating new sources and existing products.
- Understands all purchased research-related data sources including but not limited to, tax record information, ownership information and tenant prospect databases.
- Thorough knowledge of all operations performed by staff members of the client services function and.
May assist in training new staff. - Assists in training interns and brokers / sales staff in Company software programs.
- Promote the research function and its capabilities to the brokers / sales staff.
- Comply with Corporate mandates of reporting appropriate market statistics to corporate personnel and will work with Corporate Research staff to obtain appropriate answers to research questions.
- Coordinate requests and responses between the local office and Company resources.
- Maintains the research reference library, including periodicals, reference publications, reference software, plat maps, property brochure files and research files.
- Research and recommend new subscriptions and provide input on subscriptions where applicable.
- Attends all divisional specialty meetings and present relative research activities.
- Conducts and executes Web searches for pertinent data and information related to research and analysis of local, regional and national trends that influence the commercial real estate market.
- May perform other duties as assigned.
- Bachelor's degree; preferably in Economics, Real Estate, Finance, Urban Planning or Business Administration
- Strong analytical, writing, and communication skills
- Proficiency in Excel and Powerpoint
- PowerBI and Python skills a plus
- Ability to handle multiple tasks and prioritize workload in a fast-paced environment
Location/Region: San Francisco, California
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