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Emmet Austin on Last Week's Poll

'We've seen a tremendous amount of pain and we're going to see some more, but we're nearing the end.'

By Casey Freeman | Updated on April 18, 2008

DO YOU KNOW SOMEONE WHO HAS LOST THEIR JOB?

This week our poll question was uncomfortable to ask and answer. A whopping 65% of our readers know a least one person who has lost their job in this recent slump in the marketplace. One quarter of GlobeSt.com watchers don’t know anybody unemployed because of the skid. A painful number know firsthand about the current downsizing activity, because 10% of you have lost your jobs because of it. We spoke with Emmet Austin, chief investment officer of Stonemar Properties about how hard it is to recruit and keep employees, keeping retail doors open and who should be on the lookout.

“I think that we’ve seen a tremendous amount of pain and we’re going to see some more, but we’re nearing the tail end of that. New York City is getting its fair share.

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