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Property Management Positions Lead Commercial Real Estate Job Market
New postings of commercial real estate positions on key job boards in 2010 have been led by property management and accounting/control positions, according to the CCIM Institute’s Career Center Job Barometer.
“With commercial real estate yields now looking comparatively more attractive than other asset classes, employers are taking a hard-line approach to managing costs more efficiently while providing better service at the property level, “ said Frank Simpson, CCIM, the 2011 president of the CCIM Institute and president of The Simpson Company in Gainesville, Georgia. “These job postings reflect the fact that managing and keeping tenants is obviously an essential part of maintaining the integrity and profitability of a portfolio.”
The CCIM Career Center Job Barometer is researched and published by Cornell University’s Program in Real Estate and the SelectLeaders Real Estate Job Network, of which CCIM is a partner.
“We are seeing activity on the recruiting front,” said Tony LoPinto, founder of SelectLeaders. “Search activity is starting to happen across the board—real estate investors, funds, operators, and corporate users are all back in the hunt for talent. C-Suite and senior executive hiring historically portends hiring of teams and ultimately hiring throughout the corporation.”
From early 2008 until mid-2009, the multifamily sector dominated the job market, but dropped precipitously by September 2009. Banking, responding to the economic stimulus, overtook multifamily for the highest number of jobs of any sector from September 2009 through September 2010.
To review the report, visit http://ccim.selectleaders.com/
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About the CCIM Institute
Since 1969, the Chicago-based CCIM Institute has conferred the Certified Commercial Investment Member (CCIM) designation to commercial real estate and allied professionals through an extensive curriculum of 200 classroom hours and professional experiential requirements.
An affiliate of the National Association of Realtors®, the CCIM Institute also offers powerful technology tools such as the Site To Do Business, an online site analysis and demographics resource, and CCIMREDEX, a single-entry listing and data exchange.
Currently, there are more than 9,000 CCIMs in 1,000 markets in the U.S. and 31 additional countries, with another 6,000 practitioners pursuing the designation, making the institute the governing body of one of the largest commercial real estate networks in the world. Visit www.ccim.com, www.stdbonline.com, and www.ccimredex.com for more information.