NEW YORK CITY—The workload and output at real estate firmsincreased in 2015, but most industry professionals don't anticipatea commensurate increase in hiring this year. "In 2016, help is noton the way," according to locally basedSelectLeaders, which powers the GlobeSt.com CareerCenter and which has just issued its 2016 RealEstate Hiring Trends Survey.
Conducted among industry members ranging from job candidates tomanagers and HR executives, SelectLeaders' survey found that 67% ofrespondents believe the "pace of business" and their associatedamount of work and output rose last year. Similarly, 75% predictthat the pace of hiring will either remain the same or decreasethis year.
One factor is a shortage of talent: "Hiring people with skillsets needed to succeed in commercial real estate has becomeincreasingly difficult in our market," according to one respondent.Another predicted aslight increase in wages "because the job marketis stronger and it's harder to find talented people."
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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.
