Report: A Slowdown In Commercial Real Estate Hiring Is Imminent

After hitting an eight-year peak, job opportunities in commercial real estate could be on the downslide. According to newly released report, trends are mirroring the roller coaster jobs ride from the highs of "late 2007, depths of 2009, and full cycle rebound by 2015."

"Some of our leading indicator analyses are flashing red that a slowdown in commercial real estate hiring is imminent," says David Funk, managing editor for the SelectLeaders Job Barometer, which authored the study. "How severe will be the question.”

Commercial real estate job postings have proven reliable indicators of the overall job market. From spring to summer '07, the Job Barometer saw a dramatic drop in commercial real estate job opportunities, foreshadowing the global financial crisis six months later, GlobeSt reports.

While this January produced the most commercial real estate postings on record, a SelectLeaders survey found 69% of hiring decision-makers planned to downsize or stay at the same staffing count. "We are in the ninth inning,” the survey said, and “everything is increasingly fragile.”

Property management constituted 15% of all commercial real estate job openings in 2015, with development and project management producing 12% of all opportunities. Asset/portfolio management were the highest-ranked positions by job function, receiving 12.1% of all applications. [GS]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

REPORT: Amazon Eyes Next Industrial Push With Plans To Expand Same-Day Deliveries

Fed Raises Benchmark Rate, Intensifying Borrowing Cost Blues

Inside The Nationwide Jockeying For Opportunity Zones 2.0

GTIS Partners Rebrands As Brightshore Capital, Launches $250M Debt Platform

Data Center Spills 5,000 Gallons Of Fuel Into New Jersey River

Hines And Rialto Close Office Credit Fund At $1.1B

Chipotle Adding Hundreds Of New Locations Worldwide

'Beyond A Routine Wobble': 10-Year Treasury Clears 5% Ahead Of Key Fed Meeting

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Airbnb Launches $250M Fund To Invest In Affordable Housing

Brookfield Buys Minority Stake In Hyperscale Data Center Developer AREP

Judge Dismisses Suit Alleging Alexandria Misled Investors Over Portfolio Strength