How CRE Can Deal With the Great Resignation

Commercial real estate companies are facing severe labor shortages in several market sectors, from industrial development and construction to property management and financial analysis. While the industry has a natural proclivity for traditional office space, it is going to have to quickly adapt to hold onto current employees in the midst of the so-called Great Resignation, as well as attract new talent. Flexible work schedules is at the top of the list of employee demands.

The work environment has shifted over the last few years, and companies are beginning to recognize this,” Kent Elliott, principal at RETS Associates, tells GlobeSt.com. “Current employees are seeking new job opportunities that provide a flexible work schedule. Schedule flexibility gives employees the freedom to control their time, which is highly appealing to today’s workforce.”