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May 18, 2021

Industrial Real Estate Pros Are The New ‘Cool Kids’ And See Booming Job Market

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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. 

Industrial Real Estate Pros Are The New ‘Cool Kids’ And See Booming 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…

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Building Awareness Of Mental Health In Construction Is Critical To Industry's Survival

The stress of deadlines, fear over the temporal nature of construction work and chronic pain from injuries are just a few of the stressors that plague men and women working in the U.S. construction industry.

The suicide rate among construction workers is higher than average, and the stigma around mental health and treatment continues to keep people in the industry from speaking out and asking for help. 

"I think the big issue is there is a sense of pride in the construction worker, and they do not want to show any type of weakness, whether it's physically or mentally," Skanska Environmental Health and Safety Director for Texas Carlos Alvarez said. "So I think it is important to address mental health awareness in the construction industry."

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