Labor Shortage Plagues the Debt Markets

In the last year, the war for talent has intensified. Every industry is struggling to attract and retain talent, and commercial real estate is no exception. While there are several market sectors experiencing a dearth of available talent, the debt markets are facing significant challenges, according to Kent Elliott, a principal at RETS Associates.

“With stronger activity within the debt markets over the past several months, a significant demand for talent is beginning to emerge within this sector of real estate,” Elliott tells GlobeSt.com. “Rising activity within the debt markets has created an increasing demand for seasoned talent in this sector. As a result, mid- to upper-level employees are becoming more thoughtful in their job searches and weighing various elements in their compensation packages.”