Job Prospects in Commercial Real Estate
Although the credit crunch and pending economic downturn would seem to bode ill for job seekers with commercial real estate dreams, the majority of firms are still looking to hire. Two-thirds of firms responding to FPL Advisory Group's annual hiring and compensation survey reported that they were looking to add staff in 2008. Firms most often were looking to beef up areas that would "enhance the core value of their operations." Top priorities include asset/portfolio management and property management functions. FPL surmises that strong underlying fundamentals and the continued availability of equity capital are driving the demand for talent. Firms also expect salaries and compensation to rise at least moderately.
