Trends and Opportunities in CRE

Posted on December 11, 2017

Written by Susan M. Phillips

Want to predict the next real estate correction? When more than a quarter of all commercial real estate job openings are in property and asset management and acquisitions and development decline to less than 10 percent of all real estate jobs, it is a sign that the foot is coming off the gas pedal.

The third quarter saw overall commercial real estate jobs follow the U.S. job market and decline slightly, yet property and asset management jobs were up significantly, says the SelectLeaders Job Barometer. “Real estate asset prices have surpassed their prior 2007 highs, and employers are pulling back on growth-oriented hiring and instead building out their property and asset management capacity,” said Dr. David Funk, SelectLeaders chief economist, noting, “our Employment Cycle model is not yet predicting a correction, and cautious optimism could continue to rule the day but clearly there is a move to property management and corporate real estate hiring.”

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