But some subsectors of the business are faring better than others, creating a need for human resources where none--or very little--exists elsewhere. Or so says, SelectLeaders' COO Nick Brown.
"Like the overall economy, real estate has seen job losses continue, particularly focused in places like New York," Brown tells GlobeSt.com. However, "We're seeing jobs rising steadily in the acquisitions field. We've gotten a lot of postings recently looking for people with acquisitions experience," he notes, adding that there is also a strong demand from job seekers with this specialty due to the recent boom in investment banker layoffs.
"People are also hiring in areas focused on maximizing the value of their existing assets," he says. "Asset management, financial management and senior property managers with asset-management experience are in strong demand."
Where there's an active market there is the need for human capital, Brown says, and looking at the individual sectors, industrial, retail and seniors housing are the most fertile soil for job seekers.
He explains that the rise in interest in industrial properties stems from the fact that, "people are paying a lot more attention to their logistics business these days, especially after Sept. 11. We're also seeing a lot more build-to-suit facilities going up in gateway cities around the country."
Retail as a whole has "held up well" despite economic pressures, he says, noting the current focus in this segment is on "redevelopment of assets, keeping properties fresh and competitive with neighboring malls."
As for health care, "senior living is the biggest growth area," he states. "Demographic changes increase the need in this area."
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