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CRE Tycoon: the free commercial real estate game

Open your own brokerage with $100,000. Land the deals, cash the commission cheques, buy buildings, and sell them for the windfall. You have 10 years to become #1 in the city.

No download · No account · Free

In the game: a commission cheque made out to the player, stamped PAID
The Open your firm screen: the player's name and firm name filled in, with the firm's sign lettered above

Day one

Your name on the door.

Name yourself and your firm, and the sign goes up as you type. Hold to open the firm, and the phones start ringing.

How a career feels

Broker first. Then owner. Then the city.

A cold call played as a scratch-off ticket on the Pipeline tab, revealing a premium lead

Work the phones

Every call is a ticket to scratch. Most are misses. Then a 💎 premium lead turns up, and from Midtown on, the odd 🐋 whale. Pick an offer for your buyer, Lowball, Fair or Full ask, and the commission lands as a cheque you hold to deposit.

The Deal Sheet for a building: what you put in, what it pays you a month, the seller's likely answer and the loan choices

Buy buildings

The Deal Sheet says it plainly: you put in this, it pays you that a month, and here's what the seller will probably say. Take the bank's loan, or later hard money or a private lender you've met, then hold to make the offer. The keys come at month end.

A refinance cash-out cheque for one of the player's buildings, stamped FUNDED

Run them up, cash in

Run a business plan, lease it up, buy upgrades. Then refinance for tax-free cash, or sell and watch the windfall arrive as one big cheque. That's where fortunes come from.

A month in your career

Five tabs, a handful of decisions, then the month ends.

  1. DeskAnything with money or a deadline on it: escrow trouble, a plan stage to fund, a listing’s last month, events, promotions.
  2. PipelineProspect for leads, run campaigns, work your clients and listings, field offers, and hire your team.
  3. MarketBuildings for sale, and the ones you have under contract.
  4. PortfolioYour buildings: business plans, upgrades, refinancing, selling.
  5. YouTrophies, your Playbook, what’s coming up, career paths, rivals, the City Ledger, skills and the leaderboard.

You get a few actions a month. Calls, offers, plan steps and some upgrades spend them. When you're done, hold to end the month (on a desktop, click and then confirm).

The game on a desktop: the month's cards on the Desk with the side rail beside them
The same career on a desktop.

Then the month plays out, and the big ones land.

Deals close, cheques arrive, the market moves. When a month makes the news, it opens on the front page of the Skyline Herald.

The Skyline Herald front page with a headline about the player's month
The Herald
The keys to a newly bought building handed over at month end
The keys
The month-end net worth page, with what moved it this month
Your net worth

Grow into it

New things arrive as you earn them.

You start with the phones and one plan. Everything else opens as you go.

  • Promotions. 14 ranks, from Rookie to City Legend. Each one plays a full-screen promotion stage and brings one new thing: skills, a new plan, another action, or a new district.
  • 4 districts. Downtown South from the start, then Midtown at Broker, Port District at VP, Uptown at Principal.
  • Unlock cards. Close 3 deals, own 2 buildings, sign 4 listings: doing the work earns new tables, loans, marketing and upgrades. Each arrives as a card, at most one a month, and stays in your Playbook.

What unlocks when · Ranks

The promotion stage: the new rank's crest, nameplate and the new thing it opens
A rare unlock card being revealed, with what it opens and why

The plan ladder

Business plans climb from a quick, sure Fix-Up to a full Redevelop. Bigger plans pay more and carry more risk: stages to fund, steps to work, and setbacks along the way. How business plans work

  1. Fix-UpFrom the start
  2. StabilizeFrom Associate
  3. Value-AddFrom Senior Broker
  4. Big Lease-UpFrom Managing Director
  5. RepositionFrom Managing Director
  6. RedevelopFrom Partner

Make it yours

Pick a lane. Build a team. Fill the trophy case.

Multifamily, Gold crestIndustrial, Silver crestRetail, Bronze crestOffice, Osmium crest

Career paths

Every asset type is a path. Close deals in it, buy it, finish plans on it, and it climbs from Bronze to Silver, Gold and Osmium, with a new title and a perk for that type at every level. Go deep and become the Apartment Mogul or the Logistics King. Career paths

Your team

Alone you can carry 2 listings and 2 buyer clients. When leads start waiting, hire listing coordinators and buyer's agents. Each takes a salary and a split, paid at month end. Your team

First deal trophyMillion-dollar deal trophyFirst building trophy$10M net worth trophy

Trophies and missions

Trophy ladders for deals, buildings, plans and paths, plus missions that pay out when you finish them. Set House Rules once you own five buildings, so the small calls make themselves.

The end of a career: the final net worth, the personal best, and buttons to see the career wrapped and share it

The 10-year race

One career. 120 months. One number at the end.

Your score is your net worth when the decade is up, counted as what selling everything would actually pay.

  • Rival investors race you for #1 in the city, and the month-end reveal tells you when the gap is close.
  • Your best career runs beside you as a ghost: the month-end reveal says whether you're ahead of it.
  • Each year ends with your year, wrapped, ready to share. The last year counts down to the finish.
  • Put your score on the global leaderboard (sign-in only for that).
  • Pick a perk for your next career: seed money, deal flow, fast learner.
The City Legend crest

Real estate that's actually real

Learn it by playing it.

Cap rates, NOI, loans and the bank's coverage test, escrow that goes wrong, refinancing, market cycles and rival brokers. A commercial real estate simulation simplified to fit a coffee break, never faked.

How the simulation works

275buildings
4districts
21landmarks
$250Mtop of the market

The 21 landmarks run from $62M to $250M, and Uptown's legend buildings open only to a City Legend.

Browse every building · Learn commercial real estate

The month-end market news: the market recovering, loan rates down and new buildings for sale

What makes it commercial real estate

A commercial real estate game that uses the real math

Commercial real estate is property bought for its income: office buildings, retail strips, warehouses and apartment buildings. In CRE Tycoon you play all four types, 275 buildings across 4 districts, from a $240K starter to $250M towers.

Every building is valued the way an appraiser would value it: a year of net operating income divided by a cap rate. When you buy, the bank lends up to 65% of the price and checks that the income covers the loan 1.20 times over. Lease a half-empty building up and its income rises, its value follows, and a cash-out refinance hands you the gain without selling. Sell instead and you pay selling costs and a capital-gains tax that falls the longer you've held, to 0% after 5 years.

You don't start rich. You start as a broker, finding buyers and sellers and earning commissions, with escrow problems that can sink a deal. Rival brokers chase the same bargains, interest rates drift, and the market runs from boom to distress and back. That's what makes it a commercial real estate game rather than a game with buildings in it.

Teaching? There's a free classroom lesson plan. Checking the numbers? Try the cap rate calculator.

Questions

The short answers

What is CRE Tycoon?

A free commercial real estate game. You open your own brokerage, earn commission cheques, buy office, retail, industrial and multifamily buildings, run them up and sell them for the windfall. A 10-year career, scored on your net worth, in a race to be #1 in the city.

Is it a commercial real estate simulation?

Yes, a simplified one. Buildings are valued from their income and a cap rate, loans have to pass the bank’s coverage test, escrow can fail, markets cycle, and selling costs and taxes come off the top. Months take minutes instead of a semester.

Is it free?

Yes. No ads, no purchases, nothing to unlock with money. You play in your browser.

Do I need an account?

No. Your career saves in your browser after every move. Sign in only if you want your score on the global leaderboard.

How long is a career?

120 months: 10 years in the game. Play at your own pace: a few months in a coffee break, or the whole career in an evening.

What unlocks when?

Each promotion brings one new thing: skills, a new business plan, a 4th, 5th and 6th action, or a new district (Midtown at Broker, Port District at VP, Uptown at Principal). The rest is earned by doing it: close 3 deals and Lunch Meetings open, own 2 buildings and Networking Galas open, sell 3 listings and Standing Orders open. Each one arrives as an unlock card, at most one a month, and stays in your Playbook.

Can I share my career?

Yes. Big moments, like a huge cheque, the keys to a landmark or a Skyline Herald front page, have a Share button that makes a picture card and a link. Every year ends with your year, wrapped, and a finished career gets its own. A card shows your firm’s name, never yours.

Does it work on my phone?

It was built for phones first, and it has a full desktop layout too. Same career, either screen.

Where is my save?

In the browser you play in: one career at a time, saved automatically. Clearing your browser data clears the career.

Is the real estate real?

The ideas are: cap rates, NOI, loans and the bank’s coverage test, escrow trouble, refinancing, market cycles. Simplified so a month takes minutes, not a semester.

Your first deal is one cold call away.

Play free

Free in your browser. Your career saves itself.