Hiring Steady Even for Retail CRE

IRVINE, CA—The sector that seems to have the most question marks is finding a growth niche in repositioning malls, Irvine-based CRE recruiting firm RETS Associates‘ principal Kent Elliott tells GlobeSt.com. This and other areas of retail real estate are in hiring mode, he says.

As GlobeSt.com reported earlier this week, commercial real estate hiring experienced a major surge in the first six months of the year, and RETS Associates sees no sign of it stopping. The firm has surpassed all previous hiring records in the first half as compared to any other time in its 13-year history, seeing a 248% increase in Q1 job searches and placements in the past three years despite Q1 typically being the slowest time for real estate. Retail was one of the asset classes that is in growth mode, Elliott said.