u201cDue to high levels of confidence in the market firms are ready to hire permanent team members.u201d

LOS ANGELES—As part of our retail focus surrounding the big RECon 2014 event in May, we chatted with a number of sources on trends they are seeing in the market. When we chatted with locally based Brandi Popovich, recruiting professional at RETS Associates, she noted that “As we have been placing more directors of development and managers of investment at retail firms of all sizes we are seeing that the roles and responsibilities within these firms are expanding due to newfound capital.”

According to Popovich, these new hires are expected to build out their teams to take on all of the acquisitions and redevelopment functions within these companies. “Institutional clients are planning for a surge of redevelopment for their properties over the next two years, looking at the competitive market, and starting to increase their use of incentives to get the right candidates onboard for this important growth.”

Another thing Popovich is finding is that retail firms are no longer fixed on hiring consultants. “Due to high levels of confidence in the market, firms are ready to hire permanent team members.”