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Is the Hiring High Sustainable?

Job opportunities in commercial real estate exceeded previous highs set in 2007, according to the “Cornell/SelectLeaders Job Barometer” Assessment of the US Job Market in Commercial Real Estate. But is the hiring high sustainable? Dr. David Funk, Director, Baker Program in Real Estate, says yes they are. “Institutional allocations to real estate are expected to again go up 49 bps this year, international capital continues to target US real estate, and $2.5 trillion sits in money market funds,” said Funk, concluding that capital flows into real estate should sustain the employment picture despite interest rate and valuation concerns. Are qualified applicants sustainable? SelectLeaders Network reports a clear increase in the variety of special skillsets real estate employers are seeking in commercial real estate, which is reflective of an industry adding complexity in its technology requirements. Funk added that requirements such as ARGUS and knowledge of specific property management software may limit applicant pools.

Susan Phillips, CEO SelectLeaders
November 19, 2014

About the SelectLeaders Job Barometer

The SelectLeaders Job Barometer, published since 2006, is the foremost survey of employment opportunities, trends, and hiring practices in the commercial real estate industry.

About the SelectLeaders Real Estate Job Network

SelectLeaders powers the Career Centers for 9 premier real estate industry Associations (whose members control or direct 90% of commercial real estate). Jobs are from all sectors and all levels with 29% paying over $100,000. SelectLeaders Job Network offers unequalled access to the Real Estate community. To learn more visit selectleaders.com or visit our Job Network Career Centers: BOMA, CCIM, CREFC, GlobeST.com, NAIOP, NAREIM, NAREIT, NMHC, PREA, Project REAP, ULI, NRHC

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