reported last week in GlobeSt.com Seyfarth Shaw “2016 Real Estate Market Sentiment Survey” among many other things Uber Ron Gart 83% of survey respondents said they were concerned about the impact of “brain drain” on the commercial real estate workforce as the industry embarks on a major generational shift. Baby boomers are approaching retirement age, Gart points out, and “others who are millennials typically focus on tech jobs that are not real estate related,” but do pay high salaries. As real estate executive look toward the future, many are thinking about the presidential election, and its perhaps not a surprise that a real estate mogul was their top choice. Donald Trump was selected by 33% of respondents when asked specifically which candidate would be the best from an industry standpoint. As in the New Hampshire primary, all other candidates were far behind. Jeb Bush was picked by 13%, Hillary Clinton got 12% and Marco Rubio 11%. No one else hit the double-digit level. One-hundred and thirty-nine respondents, ranging from owners and developers to brokers, took the survey, and Trump seemed to be the one who “understood my problems,” Gart says, especially since the other candidates are largely career politicians. Jeb Bush may have been expected to fare better in this type of survey due to his long experience in real estate. Still, he is far better known as a state governor than a real estate executive. “That is a subtle difference. But Mr. Trump is completely identified with the commercial real estate industry.”NOT FOR REPRINT
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