Southern Company Gas Relocating HQ In Largest Atlanta Lease Of 2024

Entry-level jobs in commercial real estate have declined steadily over the last two years, piling on the challenges faced by young adults interested in CRE careers and threatening their ability to gain the skills and experience needed to advance to senior and leadership roles. 

Data from real estate job site SelectLeaders suggests a significant decline in opportunities. As of May, listings of positions requesting zero to four years of experience are down 26% year-over-year. Between May 2022 and 2023, there was a 35% decline. 

In addition to a weak commercial real estate market, these jobs are among the first to be outsourced to artificial intelligence or overseas workers, and their absence can leave lasting impacts on the career paths of would-be CRE pros. 

“We’re in this glass half-empty version of the Goldilocks story, where the uncertainty has been spread out for just long enough that people are happy to just not make decisions,” said Andy Hunt, director of the real estate program at Marquette University in Milwaukee. “And that trickles down to the entry-level hiring more than almost anything.”

The impact can vary considerably. Human resources professionals, leaders of college real estate programs and Gen Z real estate pros say certain positions, sectors and regions have done well. For example, opportunities may be abundant in asset management in a fast-growing region such as Florida or…

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CrowdStreet, the leading real estate crowdfunding platform that has faced a major scandal and seen dwindling deal volume over the last year, has a new leader.  The company named a new CEO Tuesday afternoon: John Imbriglia, who previously served as managing director at alternative…

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Taylor Swift’s Eras tour sold almost 4.4 million tickets across 60 dates and grossed approximately $1.4B through mid-March. Beyoncé’s Renaissance tour raked in more than $579M, with more than 2.7 million tickets sold. 

Both of those tours were put on by Live Nation, an entertainment behemoth that has become entrenched in every crevice of the music industry. 

The post-pandemic focus on experiential retail has put a spotlight on music venues as drivers of foot traffic that increase dwell time. While not every music venue is equipped to host generational icons, the U.S. concert industry is a $36B market and growing, and commercial real estate landlords want a piece of the action. 

But independent operators, who anchor retail districts across the country, say they are being squeezed by Live Nation, and the Department of Justice has begun a push to break the company up. 

Live Nation reported its biggest year ever in 2023, with more than 145 million tickets sold and $9B in sales from just the year’s top 100 tours. First-quarter earnings posted last month pointed to another record year, according to the company, with revenue up 21% year-over-year to $3.8B. …

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