Kent Elliott Elliott: “Say you have 10 new players in L.A., and three of them are hiring a VP of development. Those candidates have to come from somewhere, so they will come from that depleting inventory of VP of development.”

NEWPORT BEACH, CA—A “forest for the trees” mentality, in addition to seeking yield for investors, is causing firms based in other markets to expand to the West Coast, creating more demand for talent in a tight market, RETS Associates principal Kent Elliott tells GlobeSt.com. Elliott says that there are a lot of out-of-region and foreign companies that are moving to California and the West Coast in general to open new offices and take advantage of the strong market fundamentals here. Naturally, this is having an impact on the hiring landscape. We spoke with Elliott about that impact and what it means for CRE professionals.