Multifamily investment companies, as a whole, have not only decreased staffing during the pandemic but in many cases have actually increased hiring and recruiting. It may sound like an odd time to build a team, but many investment companies are anticipating investment opportunities through the recovery, and are building a staff to prepare for that time.

"CRE hiring has remained strong and steady even during the pandemic and amid stay-at-home mandates," Kent Elliott, principal of RETS Associates, tells GlobeSt.com. "This may be surprising, however many companies have reasoned that because the economic downturn was sudden and created by a temporary driver, once lockdowns have been lifted the industry will begin to recover dramatically and benefit from pent-up demand."

RETS Associates, which specializes in multifamily staffing, has actually seen an increase in requests to recruit professionals since the onset of the pandemic. "A large number of firms have been actively reaching out to potential candidates and conducting interviews over the last few months," says Elliott. "These companies want to be ready to proceed with hiring as soon as possible so they can leverage this demand and be poised for growth in the upcoming recovery."