For Pete Quinn, the national director of industrial services for Colliers, there simply aren’t enough hours in the day. His very, very busy team needs more help; they hired 47 people last year, and they will hire at least that many in 2021. “We’re setting records,” Quinn said. “I’ve told my brokers many times during national calls that I’ve been in industrial real estate for 30 years, and it’s the first time I feel I’m with the cool kids.” Between tailwinds in the economy caused by the consistent growth of e-commerce and just-in-time delivery, and the demand shock produced by the coronavirus pandemic, industrial real estate has been booming. CBRE Senior Research Director, Industrial & Logistics James Breeze said the past six months have been “crazy,” the busiest six months on record between sky-high rental rate growth, construction expansion and pre-leasing. He predicts this year will break the record for overall net absorption. And that demand will transfer right over to the job market.
With demand for real estate professionals growing alongside the voracious appetite for warehouse space, managers and headhunters said that experienced staff is in high demand.“Their value as candidates has never been higher,” CRE Recruiting founder and principal Allison Weiss said. “I think anytime you’re in a real hot market for… Read the full story here. |