NEW YORK CITY—Whether you're comparing results a year ago or twoyears earlier, job opportunities in commercialreal estate experienced growth well into the double-digit rangeduring the third quarter. It was the industry's best summer everfor job postings, exceeding previous highs set in 2007, accordingto the Cornell/SelectLeaders Job Barometer, ajoint research effort between Cornell University'sBaker Program in Real Estate and the SelectLeaders RealEstate Job Network. GlobeSt.com's CareerCenter is powered by the SelectLeaders Real Estate JobNetwork.

Q3 postings rose 23.3% year over year and 43.5% from the sameperiod in 2012. July also saw the third-highest single month totalso far this year, behind only the two previous months. “Thisis no small feat, considering that the number of jobs posted inJune was the highest it has been since the Job Barometer begantracking these numbers in 2006,” says SusanPhillips, CEO of SelectLeaders.

In the view of David Funk, director of theBaker Program, “Commercial real estate is clearly now a seller'smarket for talent. We've witnessed a significant fall in the ratioof job seekers to position openings, and not surprisinglycompensation is starting to move accordingly.”

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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.