Real Estate Employment Cycle Indicates Slow Growth and Stability in Market
"Our decade-long research into CRE employment activity has revealed a clear connection between employers' mindsets, the span of their expectations in new hires, and the nature of jobs they post based on where we are in the cycle," said Funk. Toward the top of the cycle employers tend to hire for niche job functions in specific sectors, such as a multifamily acquisitions specialist, whereas at the retrenchment and recovery stages hires are expected to fulfill multiple job functions across more than one sector.
"The pace of hiring and the nature of the job postings that we are seeing predominate now argues that we are at the Cautious Optimism stage in the CRE Employment Cycle," said Funk, noting that current activity could indicate slow growth and stability rather than a transition into retrenchment.
Read more about CRE job growth in the full article here: Real Estate Employment Cycle Indicates Slow Growth and Stability in Market
Originally published on SelectLeaders.com