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Research Analyst, Commercial Real Estate

Fidelity

Fidelity

IT
Boston, MA, USA
Posted on Nov 14, 2025
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Job Description:

The Team

Pembroke is an international real estate advisor that acquires, develops, and manages properties and places – specializing in mixed-use, office, and residential environments in the world’s leading cities. We’re united by a belief that real estate is more than just buildings. Our mission is to create long-term value through our global expertise, local knowledge, and passion for real estate. Comprised of experts across a variety of fields, our team consistently strives for excellence, achieves with integrity, and embraces collaboration.

Over the past twenty-five years, we’ve grown to include offices in Boston, San Francisco, London, Munich, Stockholm, Sydney, Tokyo, and Washington DC, and manage approximately 9.4 million sq ft/876,000 sq m in North America, Europe, and Asia Pacific. Facilitating the private capital of our investors FMR LLC and FIL Limited, we invest in global markets with long-term growth potential.

By combining a global point of view with local expertise, we’re able to create and manage world-class properties that deliver the best outcomes for our tenants, investors, and the communities in which we work. For more information, visit our website: www.pembroke.com

The Role

Pembroke is seeking a highly motivated research analyst to join Pembroke’s Global Investment team. This role will support market research, investment strategy, portfolio analytics and investor reporting across Pembroke’s international portfolio. The ideal candidate will have 2-3 years of experience in market research, valuation, and/or data analytics. Candidates will need to exhibit strong analytical skills, including proficiency in Data Visualization Tools (PowerBI), Excel, Argus, and PowerPoint.

Key Responsibilities

Market Research

  • Conduct macroeconomic, sectoral, regional, and deal-specific market research to support strategic decision making (i.e. underwriting of acquisitions/dispositions, capital project decisions, and long-term market selection).

  • Provide data-driven insights, trends and outlook comparisons across asset classes and geographies.

  • Analyze 3rd party reports/white papers and attend industry events; summarize insights for internal stakeholders.

  • Manage market research/data budgeting and procurement process. Serve as key relationship contact with all service providers; provide ongoing maintenance database of key market analytics, forecasts, supply/demand, rent and other statistics.

Investor Reporting

  • Prepare quarterly and annual investor reporting deliverables including president’s letters, valuation summaries, market snapshots, and key portfolio performance trends.

  • Collaborate with key internal stakeholders including Asset Management and Finance, to ensure accuracy, consistency, and timeliness of performance data and presentation commentary.

  • Maintain reporting templates and improve automation where possible.

Valuation & Performance Analytics

  • Support global portfolio valuation process, working with global Asset Management and Accounting Teams to review Fair Market Value assumptions / submissions and prepare accompanying quarterly presentation material.

  • Work directly with 3rd party appraisers as necessary. Update and manage quarterly returns data in addition to supporting year-end audit processes.

  • As required, build and maintain financial models (i.e.: DCF) using both Excel and ARGUS Enterprise to calculate and review quarterly asset valuations, project detailed cash flows, and forecast investment returns for asset-level decision-making.

  • Partner with Technology Team to:

  • Improve data aggregation and visualization across platforms.

  • Develop tools for performance analytics, NAV reporting, and market intelligence.

The Expertise and Skills You Bring

  • Bachelor’s degree in Business, Economics, Finance, Data Analytics or related field.

  • 2-3 years of market research, real estate valuation, or business/data analytics experience in the commercial real estate industry with a reputable research house, investment or brokerage firm.

  • Advanced proficiency in Excel, PowerBI (Tableau) and PowerPoint. Ability to synthesize complex data into clear narratives.

  • Familiarity with Argus Enterprise, Yardi Elevate, CoStar, MSCI, Hyperion/PBCS, Green St, and/or similar commercial real estate platforms.

  • Excellent written and verbal communication skills and strong presentation / PowerPoint skills.

  • Detail-oriented with the ability to manage multiple priorities in fast-paced, collaborative environment without sacrificing accuracy.

  • Demonstrated interest in real estate and desire to develop within the industry. Global, multi-sector experience a plus.

  • Ability to produce results, meet deadlines, and manage complex and shifting priorities in a high-expectation work culture.

Note: Fidelity is not providing immigration sponsorship for this position

The base salary range for this position is $67,000-127,000 USD per year.

Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors.

Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.

We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.

Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.

Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles.

Certifications:

Category:

Pembroke Real Estate

Company overview

At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want! We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experiences. For information about working at Fidelity, visit FidelityCareers.com. Fidelity Investments is an equal opportunity employer. Fidelity will reasonably accommodate applicants with disabilities who need adjustments to complete the application or interview process.

If you would like to request an accommodation, please contact us at:

accommodations@fmr.com

Apply

Join us

At Fidelity, you’ll find endless opportunities to build a meaningful career that positively impacts peoples’ lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees’ Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don’t need a finance background to succeed at Fidelity—we offer a range of opportunities for learning so you can build the career you’ve always imagined.

Fidelity's working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks).

We invite you to Find Your Fidelity at fidelitycareers.com.

Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.

Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to [email protected], or by calling 800-835-5099, prompt 2, option 3.

At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.

Benefits
Learning & development
Culture

Benefits that adapt to everything life sends your way

401(k) with company match

Medical, dental, vision and prescription drug coverage

16-week maternity leave & 12-week parental leave

Student loan assistance

Fidelity is invested in you

Committed to Professional Development

At Fidelity, we are constantly adapting to the changing needs of our customers, new technologies, and better ways of working. And we empower our employees to do the same, with an emphasis on developing skills and connections that will help propel you forward in your career while being able to make an impact for Fidelity’s customers around the world.

We offer a wide range of options for professional development including online, in-person, and mentor driven solutions. Special interest and networking groups are also part of our culture of empowerment, personal and professional enrichment, diversity and inclusion, and knowledge sharing.

Continuing Education & Training

  • Assess, build, and align your development plan through resources like our skill-building classroom and online courses.
  • Video-based training for technology, leadership, management & more.
  • Ongoing skills development and coaching opportunities.
  • Paid training with a facilitator who is dedicated to your onboarding and will track and evaluate your progress, giving you strategies to improve.
  • A range of talent development programs to support career mobility.

Mentoring

  • Utilize the skills of experienced leaders to enrich your career.
  • Dedicated mentors to help you grow into new areas of Fidelity’s business as you develop new skills.
  • An open atmosphere of knowledge sharing and collaboration.
  • Opportunities to pay it forward, sharing the knowledge you develop and as you help others define how they want their career to take shape.

Our Commitment

Discover opportunities to build a fulfilling career within a supportive culture that celebrates individuality. We empower our associates to pursue career paths that align with their unique goals and personalities.

Giving back to our communities

Throughout Fidelity, you’ll find a genuine commitment to social responsibility – where we strive to make an impact for customers, while also making an impact on the world.

Fidelity Cares

  • Provides associates with opportunities to actively volunteer and share their talents.
  • Hosts numerous company-wide volunteer events (in-person and virtual).
  • Partners with nonprofit organizations to support our local communities.
  • More than 12,500 associates donate time annually – from interns to SVPs.
  • Impact includes refurbishing schools, donating books and supplies, and teaching financial literacy.

Fidelity Charitable®

  • Created to make it easy for people to support charitable organizations they care about.
  • Helped deliver $14.9billion in donor-recommended grants to charity in 2024.
  • Supported more than 433,000 unique charities around the world.
  • Since its inception, more than $100 billion has been given to public charities.

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