College of Charleston School of Business Offers South Carolina’s First Commercial Real Estate Finance Degree
Thursday, August 31st, 2017
This fall, the College of Charleston School of Business’ list of majors hit double digits with the addition of a bachelor’s degree in commercial real estate finance.
The major was developed to meet both student interest and market demand (30% of the United States macro economy comes from the commercial real estate industry).
For students inclined to pursue real estate law, commercial lending, valuation, development, investment banking, property and asset management, brokerage or similar fields — a commercial real estate major with a financial foundation is critical, says Elaine Worzala, professor of real estate and director of the Carter Real Estate Center in the School of Business.
“Majoring in commercial real estate finance might sound specialized,” says Worzala, “but our curriculum provides students with a well-rounded experience that not only includes real estate and finance but also investment, management, marketing, entrepreneurship, supply chain management, hospitality, planning, development, historic preservation, law and other courses in relevant, sought-after disciplines.”
The first of its kind for the state, and one of the only undergraduate finance-driven commercial real estate programs in the country, the major addresses a big need in the Lowcountry. Charleston’s growing population and tourism sector drive the desire for more retail, restaurant, office, hotel and other commercial spaces. And with large corporations such as Boeing, Bosch and Volvo flocking to the Holy City to set up shop, the demand for trained, talented commercial real estate brokers, asset managers, developers and lenders is nothing short of urgent.
A degree in commercial real estate finance from the School of Business prepares students with the skills, knowledge and confidence to tackle challenges and embrace endless opportunities in an exciting, competitive field.