In this article, Kent Elliott, principal at RETS Associates, a leading national real estate recruiting firm, shares the top three myths about the current CRE market. Tina Prater, director of real estate at Fountainhead Development, shares how her experience from a recent search aimed at bolstering her team to meet an increased development pipeline debunks […]
NEWPORT BEACH, CA—Construction and development executive searches are on the rise, and it has much to do with where we are in the real estate cycle and the health of the industry, RETS Associates principal Kent Elliott tells GlobeSt.com. According to the firm, the number of executive searches it has conducted for construction managers/VPs and […]
In this executive Q&A, we spoke with Kent Elliott, principal at RETS Associates, a leading national real estate recruiting firm, and Griffin Cogorno, director of client services at Unire Real Estate Group, a premier commercial real estate property, construction and asset management firm that manages nearly 40 million square feet of space in Southern and […]
In a recent survey of 344 financial analysts in the U.S. commercial real estate industry, RETS Associates has identified several significant employment trends. Combined with the 50+ analyst searches conducted by RETS in the last year, RETS’ fourth annual study showed that:
• 75% are open to relocating for a new position
• 49% are seeking advancement in acquisitions
• A clear majority (55%) of financial analysts preferred to work as generalists with mixed portfolios
• By comparison, only 16% preferred multi-family, while office and hotel/hospitality followed at 9% each, retail at 6% and industrial at 2%
• 24% currently earn a base salary of $75,000-$89,999; 21% did not receive an incentive compensation for their role in 2014 (mainly due to short tenure)
• 83% of the polled financial analysts are male
RETS Associates recently completed a survey of 270 financial analysts across the U.S. in the commercial real estate industry. The data compiled from this survey coupled with the 50 financial analyst searches handled by RETS over the past 12 months has provided RETS with keen insights into this segment of the industry.
As the overall health of the real estate industry continues to improve and reach levels that have not been realized since 2008, employers continue to hire financial analysts in droves. For the 12-month period ending in July 2014, RETS has seen an 80% increase in the number of financial analyst searches handled compared to 2012. The financial analyst segment is a great entry point into commercial real estate and the growth in demand for these professionals bodes well for the industry.