Students Are Teaching Us

Now is possibly the worst time ever for anyone to enter the commercial real estate profession. Rather than getting discouraged about their prospects, however, the next generation appears to be coming out of the corner swinging.

Nancy Surak, a broker with Eshenbaugh Land Co. and adjunct real estate professor at the University of Tampa, shared with me a paper submitted by one of her students that offers some pretty good perspectives. Shane Scanlon, like so many other students, enrolled in college at a time when value run-ups were all the rage, but is graduating into one of the worst busts ever.