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Survey: More CRE Hiring Expected This Year

CHICAGO-Ferguson Partners Ltd. conducted a global survey of 120 senior level commercial real estate professionals, and the results show 61% say they plan on hiring this year.

By Robert Carr | Updated on March 06, 2012

CHICAGO-As positive momentum propels another positive first half, a recent survey shows the commercial real estate industry expects to be doing more hiring this year. According to the 2012 Global Hiring Forecast by locally based Ferguson Partners Ltd., more than 70 of the 120 executive leaders said they plan on adding more jobs, mostly junior level hires.

William Ferguson, CEO, says he surveyed the leaders, including CEOs and other senior executives from commercial firms doing investment, lending, REITs, law firms, groups and pension funds in November and December 2011. All total, 61% says they’d increase hiring, slightly higher than the 2010 survey showing of 56%, and much better than the 2009 survey when only 36% planned to boost jobs. “Companies see that the deal pipeline is going to get stronger, hence business is going to get better,” Ferguson says. “They’re feeling good enough to reinvest in infrastructure.”

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