The Real Estate Job Market is Terrible Right Now, But Here's The Good News //
SelectLeaders, which is arguably the biggest and most reputable commercial real estate job posting site out there, saw a 26% drop in listings for roles requiring 04 years of experience between May of 2023 and May of 2024, and an even bigger drop in these listings of 35% between May of 2022 and May of 2023.
Together, this has resulted in a cumulative 52% decrease in job postings for earlycareer professionals from the peak, which has created a pretty discouraging environment for college graduates and young professionals looking to transition into this industry.
But even though it might not feel like it, the current state of the hiring market could actually be a really good thing for your career if you’re committed to commercial real estate longterm, and this video breaks down why I think this is the case if you’re looking to break into this industry in 2024.
TRAINING & COURSES
Enroll in the FREE Break Into CRE Real Estate Financial Modeling Crash Course here: https://www.breakintocre.com/freecra...
Enroll in any Break Into CRE course here: https://breakintocre.com/courses/
Get access to all Break Into CRE courses, all models, and additional oneonone support with a Break Into CRE Academy membership: https://breakintocre.com/theacademy
** MY FAVORITE REAL ESTATE INVESTMENT PLATFORMS
EquityMultiple: https://equitymultiple.4drrzr.net/c/2...
Crowdstreet: https://crowdstreet.4cl7.net/c/297573...
RealtyMogul: https://realtymogul.pxf.io/c/2975738/...
** MY FAVORITE REAL ESTATE NEWSLETTER
Thesis Driven (20% off a paid subscription): https://www.thesisdriven.com/breakint...
** RESIDENTIAL RENT DATA & ESTIMATES
RentCast: https://rentcast.io?via=breakintocre
Timestamps
0:00 Introduction
1:12 It's Not Easy
2:41 Distress Exposure
4:13 Building a Track Record
7:03 What To Do Next
#commercialrealestate #realestatecareers
*Nothing in this video should be construed as tax, legal, accounting, valuation, or financial advice or recommendation. All information in this video is intended solely for educational purposes, and you are advised to consult with your own personal professional advisors regarding your personal investment decisions.
**AFFILIATE DISCLOSURE: Some of the links in this description are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or create an account.
Research and articles referenced in this video:
https://www.bisnow.com/national/news/...
https://www.cbre.com/insights/figures...
https://www.cnbc.com/2024/06/18/nvidi...
https://finance.yahoo.com/news/aitec...
https://www.reuters.com/markets/rates...
https://www.greenstreet.com/insights/...
https://www.forbes.com/sites/richardm...
https://yieldpro.com/2024/02/multifam...
https://www.cbre.com/insights/figures...
https://commercialobserver.com/2024/0...