​When I began as an intern on the real estate team at Solomon McCown last summer I didn’t have much understanding of the industry. In fact, the closest thing I had to relevant knowledge was a bad experience renting an apartment. But, thanks to my daily task of real estate media monitoring and various client-related projects, I came to familiarize myself with the real estate industry players to the point where I was comfortable actively talking about them in casual conversation. I started out reading real estate news because that was part of my job, now, it’s because I recognize its value. One of the cool things about real estate news is that it’s tied to every other facet of business. Remember that every organization needs some kind of space in which to operate. That space can vary based on who’s occupying it, but it’s all classified under the general real estate umbrella. When an industry takes off in an area, real estate prices follow suit. That’s not only tied to commercial real estate, either. As new companies spring up, they need workers and those workers need somewhere to live. As a result, residential real estate prices see similar movements. We’re seeing that right now in the Bay Area thanks to the strong tech and pharmaceutical industries in the region. Living in a city, I’m constantly around new construction projects everywhere I go. I used to pass them by wondering what the end result of the work would be. And until it was completed – or an explanatory sign was put up – I was in the dark. Now, I am very much aware of what’s going on in my city; I know what’s coming and when to expect it. Not only is this helpful from a curiosity standpoint, it allows me to be a more informed resident. I know what’s happening where I live and I’m able to pass that information along to friends and relatives to circulate that knowledge. Similarly, educating myself on real estate helps to familiarize myself with urban development. As I get older and (reluctantly) leave my college neighborhood, I possess knowledge of the various sections of Boston allowing me to make a more informed decision on my next place of residence. I’m cognizant of the changing landscape and emerging areas of the city. This is also knowledge that translates to politics. As we prepare to elect a new mayor, real estate is at the forefront of the issues surrounding the future of Boston. For posterity’s sake, consider familiarizing yourself with the local real estate happenings. You may find yourself enthralled by the understanding of what’s to come, but at the very least, I can guarantee you’ll better understand your community. By Sean Hathaway, SM& Account Coordinator