Archive for August, 2011

Jobs Rescinded: New Market Trend

Over the past few weeks we have had two companies alert us that the jobs they were looking to fill have now been put on hold indefinitely. Although it is entirely possible that these two instances do not reflect market sentiment, recent market turmoil coupled with poor employment growth might suggest that the commercial real estate industry is stagnant and perhaps is contracting. ACG has seen an uptick in the number of portfolio due diligence assignment requests over the past 60 days; however, employment growth is not necessarily correlated with transaction growth as prices have clearly increased for class A buildings over the past twelve months.

Understanding how this impacts firms like ACG might be difficult to digest. For now, candidates responding to job ads might find a systemic delay or general lack of interest in their candidacy. Keeping sharp Argus and Excel skills will surely make candidates more competitive in the marketplace.