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…
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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
If an employee’s gotta move with a company, then San Diego is the place she wants to be. That’s the finding of RETS Associates’ inaugural Western Cities Survey, which polled…
Although the U.S. unemployment rate is fairly low at 5.5%, RETS estimates that the commercial real estate industry is currently posting unemployment at half that level. Business is expanding, hiring is brisk, and well-qualified candidates can be selective in their professional options. The most successful organizations will have a hiring plan in place and will be ready to act quickly when a leading candidate is identified.
Speed is essential, but companies must also reach out to impress candidates with fresh opportunities and assure them of a good fit in their organization. Most candidates are currently employed, often with very good compensation package and benefits, so firms must be ready to step up with offers designed to attract top talent. Candidates are seeking positions with a career path from both short and long term perspectives. A difference in healthcare coverage, and/or a flexible work schedule and paid time off can make or break an agreement. As a REIT Vice President recently told RETS, “Two weeks of annual vacation time won’t bring quality, Millennial generation talent on board in this market.”
April 23, 2015 by: Dees Stribling Denver Real Estate Denver’s market is booming and commercial real estate companies are optimistic. How do we know? They’re hiring. The Denver market continues to…
Millennials job search even when they’re satisfied with their current position, a study shows. IRVINE, CA—A recent study by commercial real estate executive-search firm RETS Associates shows that young candidates…
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.
