NEW YORK CITY—The workload and output at real estate firms increased in 2015, but most industry professionals don't anticipate a commensurate increase in hiring this year. "In 2016, help is not on the way," according to locally based SelectLeaders, which powers the GlobeSt.com Career Center and which has just issued its 2016 Real Estate Hiring Trends Survey.
Conducted among industry members ranging from job candidates to managers and HR executives, SelectLeaders' survey found that 67% of respondents believe the "pace of business" and their associated amount of work and output rose last year. Similarly, 75% predict that the pace of hiring will either remain the same or decrease this year.
One factor is a shortage of talent: "Hiring people with skill sets needed to succeed in commercial real estate has become increasingly difficult in our market," according to one respondent. Another predicted aslight increase in wages "because the job market is stronger and it's harder to find talented people."
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
