Commercial Real Estate Analyst Jobs
Commercial Real Estate Analyst jobs are open across investment firms, REITs, brokerage houses, and commercial banks, at every level from junior analyst to senior associate and director, with specializations in valuation, acquisitions, and asset management. Scan the live roles below and apply to whichever ones fit.
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Showing 5 of 37+ Commercial Real Estate Analyst jobs
Location:
2390 East Camelback Road, Phoenix ArizonaJOB BRIEF (PURPOSE)
The Analyst will provide support to the Regional Manager and Multifamily Mortgage Bankers in reviewing and processing permanent loan requests.
ESSENTIAL JOB FUNCTIONS
This position works closely with Mortgage Bankers to provide loan origination and deal structuring support for Relationship Managers, correspondent lenders and mortgage bankers within a defined territory. Develop detailed working knowledge of the underwriting parameters and requirements of all permanent lending products. Model loan submissions in order to determine the viability of loan requests. The function will include direct communication with borrowers, Relationship Managers and mortgage brokers. Work with Multifamily Mortgage Bankers to determine loan sizing and pricing under all permanent lending programs. Draft loan applications. Complete site inspections. Prepare loan submissions to third party capital lending sources. Assist the Mortgage Bankers in shepherding loans through the due diligence and closing process.
MARGINAL OR PERIPHERAL FUNCTIONS
The Analyst will provide industry, market, business, and quantitative analysis support. The Analyst is expected to have a continuous improvement mindset and would be empowered to recommend efficiencies for change. The Analyst will work on special projects as assigned.
REQUIRED QUALIFICATIONS
- Bachelor’s degree required in finance, accounting, business administration, economics, or Real Estate.
- 2+ years of experience in finance, accounting, real estate, investment banking or consulting including Real Estate Finance for the Production Analyst position. 4+ years of highly relevant experience for the Senior Production Analyst position.
- Demonstrated high proficiency in Excel and PowerPoint; experience with complex spreadsheets.
- Strong quantitative and analytical skills and the ability to interpret financial data from multiple computer systems.
- Ability to synthesize and analyze large amounts of data and communicate relevant findings.
- Demonstrated analytical approach to problem solving with a high attention to detail.
- Ability to work in a fast-paced environment with a sense of urgency.
- Proactive and goal-oriented, with the ability to work independently.
- Strong organizational skills – ability to handle multiple tasks simultaneously.
- Consultative, service-oriented mindset.
- Outstanding oral communication, written, and presentation skills.
- The Analyst is expected to work in a KeyBank office 5 days per week.
PREFERRED QUALIFICATIONS
- Proficiency in business intelligence tools a plus
- Previous working experience in the commercial real estate permanent lending industry specific experience working with CMBS, Life Insurance lending programs, Fannie Mae DUS, Freddie Mac Program, FHA a plus.
COMPENSATION AND BENEFITS
This position is eligible to earn a base salary in the range of $71,000.00 - $125,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.Please click here for a list of benefits for which this position is eligible.
Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.
Job Posting Expiration Date: 11/20/2026 KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, pregnancy, disability, veteran status or any other characteristic protected by law.Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.
#LI-Hybrid
Location:
2390 East Camelback Road, Phoenix ArizonaJOB BRIEF (PURPOSE)
The Analyst will provide support to the Regional Manager and Multifamily Mortgage Bankers in reviewing and processing permanent loan requests.
ESSENTIAL JOB FUNCTIONS
This position works closely with Mortgage Bankers to provide loan origination and deal structuring support for Relationship Managers, correspondent lenders and mortgage bankers within a defined territory. Develop detailed working knowledge of the underwriting parameters and requirements of all permanent lending products. Model loan submissions in order to determine the viability of loan requests. The function will include direct communication with borrowers, Relationship Managers and mortgage brokers. Work with Multifamily Mortgage Bankers to determine loan sizing and pricing under all permanent lending programs. Draft loan applications. Complete site inspections. Prepare loan submissions to third party capital lending sources. Assist the Mortgage Bankers in shepherding loans through the due diligence and closing process.
MARGINAL OR PERIPHERAL FUNCTIONS
The Analyst will provide industry, market, business, and quantitative analysis support. The Analyst is expected to have a continuous improvement mindset and would be empowered to recommend efficiencies for change. The Analyst will work on special projects as assigned.
REQUIRED QUALIFICATIONS
- Bachelor’s degree required in finance, accounting, business administration, economics, or Real Estate.
- 2+ years of experience in finance, accounting, real estate, investment banking or consulting including Real Estate Finance for the Production Analyst position. 4+ years of highly relevant experience for the Senior Production Analyst position.
- Demonstrated high proficiency in Excel and PowerPoint; experience with complex spreadsheets.
- Strong quantitative and analytical skills and the ability to interpret financial data from multiple computer systems.
- Ability to synthesize and analyze large amounts of data and communicate relevant findings.
- Demonstrated analytical approach to problem solving with a high attention to detail.
- Ability to work in a fast-paced environment with a sense of urgency.
- Proactive and goal-oriented, with the ability to work independently.
- Strong organizational skills – ability to handle multiple tasks simultaneously.
- Consultative, service-oriented mindset.
- Outstanding oral communication, written, and presentation skills.
- The Analyst is expected to work in a KeyBank office 5 days per week.
PREFERRED QUALIFICATIONS
- Proficiency in business intelligence tools a plus
- Previous working experience in the commercial real estate permanent lending industry specific experience working with CMBS, Life Insurance lending programs, Fannie Mae DUS, Freddie Mac Program, FHA a plus.
COMPENSATION AND BENEFITS
This position is eligible to earn a base salary in the range of $71,000.00 - $125,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.Please click here for a list of benefits for which this position is eligible.
Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.
Job Posting Expiration Date: 11/20/2026 KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, pregnancy, disability, veteran status or any other characteristic protected by law.Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.
#LI-Hybrid
Commercial Real Estate Analyst Jobs by Experience Level
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Find JobsCommercial Real Estate Analyst Job Market
Who's Hiring
Top Industries Hiring
- Banking & Financial Services
What Employers Look For
The qualifications that appear most often in commercial real estate analyst jobs.
- Bachelor's degree in finance, real estate, economics, or a related field
- Proficiency in Argus Enterprise for property-level cash flow modeling
- Advanced Excel skills including DCF modeling, sensitivity tables, and waterfall structures
- One to three years of experience underwriting commercial real estate transactions
- Familiarity with property types such as office, industrial, multifamily, or retail
- Strong written communication skills for investment memos and lender presentations
Tips for Your Commercial Real Estate Analyst Job Search
Tailor your resume to deal type
Hiring managers in CRE distinguish sharply between debt, equity, and advisory work. Label each role on your resume with the transaction type and asset class so a reviewer scanning for multifamily acquisitions experience can find it in under ten seconds.
Lead with your financial modeling depth
Generic 'financial modeling' claims get ignored. Name the specific model types you've built, such as discounted cash flow, waterfall distributions, or ground-up development proformas, and note the software you used, whether Argus Enterprise, Excel, or a proprietary platform.
Apply early to roles that fit
Migrate Mate lists commercial real estate analyst openings from across the United States in one place, so you can find roles that match and apply directly to each listing.
Filter by asset class before applying
Office, industrial, retail, and multifamily roles each require different underwriting assumptions and market knowledge. Applying only to openings that match the asset class you've actually underwritten keeps your cover letter specific and your interview answers credible.
Prepare a live deal case study
Many CRE analyst interviews include a take-home modeling test or an in-person deal analysis. Have a recent transaction you've analyzed ready to discuss in detail, including your assumptions, your IRR conclusions, and where the deal ultimately broke down or closed.
Negotiate by citing comp data at close
Wait until an offer is in hand before discussing compensation. Reference publicly available market data from sources like the Bureau of Labor Statistics when anchoring your ask, and lead with your modeling skills and deal volume to justify a figure above the base range.
Commercial Real Estate Analyst Jobs: Frequently Asked Questions
Which companies are hiring the most commercial real estate analysts?
The most active employers for commercial real estate analysts right now are JPMorganChase, NorthMarq, and M&T Bank, and the most openings are in Texas, New York, and California, based on current listings on Migrate Mate as of November 2026. Demand is strongest at investment managers, REITs, and commercial lending institutions.
How many commercial real estate analyst jobs are remote?
About 64% of commercial real estate analyst openings are fully remote or hybrid as of November 2026, though fully remote roles remain less common than in other finance functions. Asset management and debt underwriting positions are more likely to offer hybrid arrangements than acquisitions or brokerage advisory roles, which typically require in-market presence.
How do you become a commercial real estate analyst?
Start with a degree in finance, real estate, or economics, then build hands-on modeling skills in Excel and Argus Enterprise through coursework, self-study, or internships. Seek internship or junior roles at a brokerage, lender, or investment firm to gain deal exposure. Building a sample underwriting model and familiarizing yourself with local market rent and cap rate data strengthens early applications significantly.
Can you get hired as a commercial real estate analyst with little experience?
Yes, entry-level commercial real estate analyst roles do exist, particularly at regional brokerage firms, smaller private equity shops, and commercial banks building out their CRE lending teams. Candidates with strong Excel and Argus modeling portfolios, relevant coursework, and demonstrated knowledge of a specific asset class or local market often move past candidates with generic finance backgrounds but no CRE focus.
What does the commercial real estate analyst interview process look like?
Most processes start with a recruiter or HR screen, followed by a technical interview focused on modeling concepts, cap rates, and deal structuring. A take-home or in-person modeling exercise is standard at most firms, often involving a property-level DCF or acquisition scenario. Final rounds typically include senior team members who assess market knowledge, communication skills, and your ability to defend assumptions under pressure.
Where can I find and apply to commercial real estate analyst jobs?
You can find and apply to commercial real estate analyst jobs on Migrate Mate, which lists current openings from across the United States. Search the listings to find roles that match your asset class experience and seniority level, then apply directly to each one that fits your background.
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