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Perspective

It appears that the commercial real estate job market is as robust as ever and growing significantly, according to a report issued yesterday by SelectLeaders and Cornell University’s Program in Real Estate. The study surveyed all of the major job boards between February and April and confirmed that postings for commercial real estate jobs rose 35% during the first quarter. In a parallel survey of more than 280 executives and hiring managers, over 65% expect hiring activity to increase and compensation to rise over the next six months. The study also reported on regional and sector growth and, surprisingly, the normally lagging Midwest region was second in job growth nationally, just behind the hot Southeast markets. The increasingly strong job market mirrors the real estate market as a whole, and it is also a leading indicator. So now the question is, how much more can the balloon expand, or will it lose air or–worse yet–burst. For more insight, the entire report is available to download on SelectLeaders.com.

Tony LoPinto is CEO of Equinox Partners, an executive search firm specializing in the real estate industry, and parent company of SelectLeaders. The views expressed in this article are the author’s own.
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