Virtual recruiting has taken off in other industries during the pandemic, the real estate world still has a strong preference for in-person meetings.After a pause at the beginning of the pandemic, the real estate job market is heating back up again.
There's also a demand for jobs in the industrial space, which has remained resilient during the pandemic. In the early days of the coronavirus crisis, the real estate job market slammed to a halt. They said that while demand is clearly higher for companies that work in businesses that have been buoyed by the pandemic, like industrial, they continue to fill roles in industries like retail that have been hit hard. They also said that they're seeing increased demand at the executive level for more strategic roles a sign that organizations are using the coronavirus as an opportunity to transform their whole organizations.
While the job market may be tough for areas like retail and hospitality, commercial real estate companies who are well-capitalized may actually be viewing their asset class's challenge as an opportunity. "Industries that are buoyed by the market, like industrial, where if anything, they've seen valuations increase, they feel like they're in a good position to grow." Fein said.
Fein, who was recruiting in real estate during 2008, said that some of this has to do with the rise of. Alternative funders, who have drastically risen in influence and size as banks' tightened their lending practices, have found ways to grow without hiring people.
3rd comment! that’s rly cool
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