Labs & Centers
MIT founded the Center for Real Estate (CRE) in 1983 to improve the quality of the built environment and to promote more informed professional practice in the global real estate industry. Educating the men and women whose innovations will serve the industry worldwide, the CRE is a home to the first-ever one year Master of Science in Real Estate Development (MSRED) degree, as well as an integrated suite of professional development courses. CRE's pioneering research investigates the real estate transaction from initial concept to market reality, providing breakthrough knowledge that helps organizations to capitalize on today's dynamic markets and technologies. Uniting industry leaders with MIT's distinguished researchers and students, CRE's selective industry partnership program advances the art and science of international real estate, and bridges the gap between theory and practice. The structures built by the real estate industry comprise over a third of the world's tangible wealth, and are responsible for over a third of the world's energy consumption and CO2 emissions. For the industry to maintain its responsible leadership in the global community, it must encourage a culture of sustainability and innovation that meets the challenges of an increasingly interconnected world. MIT is uniquely positioned to help the industry increase its efficiency, prosperity, and social responsibility. Through research and education initiatives at the MIT Center for Real Estate, MIT applies its tradition of excellence in technology, knowledge transfer, and global reach to the real estate industry, developing innovations to help practitioners build responsibly and profitably.
CRE goal is to educate the next generations of industry leaders, preparing them with tools to develop better real estate worldwide. In keeping with the MIT tradition, we bring to industry the very best offered by practical experience coupled with the interdisciplinary studies of design, science, and engineering. CRE offer:
- A specialized, globally recognized, one-year Master of Science in Real Estate Development (MSRED) program that emphasizes the creation, operation, and management of the physical product of real estate.
- A unique, interdisciplinary research platform that links academia with industry to meet the need for more informed decision-making based on practical knowledge.
- A network of global outreach that links the real estate industry with Center graduates and MIT to develop and support the industry's long-term growth.
Envisioning the industry's integrated stewardship of its land and products, the MIT Center for Real Estate provides tomorrow's practitioners with the means to transform an ever more vital and complex market.