Commercial real estate hiring is back in a big way, according to RETS Associates principal Kent Elliott (second from the right). While the industry struggled during the credit crisis and…
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DALLAS—With baby boomers retiring and CRE professionals leaving during the last downturn, there are fewer people in the industry and it has created an environment that is feverishly searching for…
In this edition of The Hiring Squad, Kent Elliott, principal of RETS Associates, a leading national real estate recruiting firm, shares hiring and compensations trends in commercial real estate that…
Diversity in Commercial Real Estate: A perspective from ELAINE ANDERSSON By: Morgan Ward, Director, RETS Associates When she joined CREW in the early 2000s, Elaine Andersson saw the organization as…
The current market for talented commercial real estate professionals is crazy hot, according to RETS principal Kent Elliott (shown here with the director of the company’s Seattle office, Berkeley Davis)….
In this executive Q&A, Kent Elliott, principal at RETS Associates, a leading national real estate recruiting firm, and Amy D’Olimpio, vice president of human resources at Regency Centers, a grocery-anchored…
This is an HTML version of an article that ran in Real Estate Forum. To see the story in its original format, click here. RE Forum: Annual forecasting job growth in emerging US markets…
Just as property investments have continued to increase, the cost of acquiring and retaining talent has skyrocketed. Kent Elliott, a RETS founding principal, notes that it has resulted in sticker shock for some companies. In one instance, a West Coast firm seeking an asset manager expected to pay a salary in line with its current employees, but discovered that competitive salaries had grown by $30,000 to $40,000 beyond that level. “They had to bring in someone at a much higher compensation – and of course that created its own problem.” Kent says, “Ultimately, they gave raises to all their star performers.”
Several factors driving the remarkable increases:
• Low unemployment at all positions in the commercial real estate field. A or B players are fully employed and bring bargaining strength to the table.
• Less new talent is entering the commercial real estate industry.
• Interim or temporary positions are slow to fill because most CRE professionals are employed; often the temporary staff are booked 30 to 60 days ahead.
• The current, most active positions are in Asset Management, Construction/Project Management, Financial Analysis and, of course, the field property level positions.
NEWPORT BEACH, CA—Today’s commercial real estate firms’ approach to hiring mid- to upper-level executives must be streamlined, with a clear process and single point of contact in order to capture…
NEWPORT BEACH, CA—Companies must step up all offers and opportunities for current employees and potential candidates in order to attract and retain the best talent in the real estate business, RETS…
