Things are moving again in real estate. Capital, consumers and employees have flowed back into the market over the last year. Companies are positioning themselves to meet the demand for housing and commercial space pent up over the last five years as the days of scarce financing and weak economic growth finally recede. Likewise, competition has once again heated up for leaders in highly skilled positions.
While it’s far from the only sector experiencing growth right now, construction has emerged as one of the most active areas of my recruiting practice in recent months. Professionals with land expertise are particularly in demand right now, with managers in purchasing coming in a close second. In commercial and multi-family real estate, I’ve seen consistent demand for acquisition professionals. Higher up the chain, I’ve also been filling positions for housing construction executives at the division level and regional property managers.
Now’s the Time
There’s wide demand for leadership across real estate specialties as companies rebuild their ranks to make the most of the ongoing recovery. For the professionals who dug in during the lean years, tackling new duties and widening their areas of expertise, 2014 is the year to think proactively about what’s next. Consider how you want to advance in the next five years while preparing yourself mentally to respond to unexpected job opportunities. Look to your former colleagues, peers and superiors. Are they jumping ship? Are they moving up or leveraging the demand for their skills to negotiate better compensation? Competition for talent will continue to ramp up in the foreseeable future, making this a great time to advance from a position if it no longer meets your professional needs.
Build Your Team
For hiring managers, this competition will make it essential to build a good team now, keeping in mind the potential for growth in the next five years. Widen your sphere of contacts, stay attuned to the professional development of longtime employees and keep an eye out for people who can fill positions requiring high-demand skills before those openings emerge.
Often, that process is frustrated by the deluge of off-the-mark applications generated by standard job advertising online. That’s why Christopher Frederick maintains a network of only real estate professionals and screens qualified applicants one-on-one for every position we recruit. We can quickly promote your critical openings by drawing from a database more than 200,000-strong, narrowed by specialty and location. To learn more about how we can save you time, money and work during your next executive search at no upfront cost, contact Chris Hingle at 800-EXU-FIRM, firstname.lastname@example.org.
For more than two decades, Christopher Frederick has helped place leaders with some of the largest companies in real estate. Visit our website at www.chrisfred.com where you can find exclusive job listings for real estate executives and read more about our one-of-a-kind approach to executive recruitment.