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Rumors Greatly Exaggerated

For the first time in nearly two decades, the number of open jobs exceeded the number of unemployed Americans seeking work. One would expect Real Estate Professionals would be vying for the best job offer possible, moving as fast as those top dollars are proposed. In that is the rub. With the 2018 U.S. inflation rate hovering just over 2 percent, real wages for this year’s university graduates are virtually flat, 2.8 percent more than 2017. Companies are holding on to their talent and keeping them challenged with increasing opportunities that aren’t being filled. Why move unless for the lure of the offer you can’t refuse, which apparently is not right around the corner. DBSquared, a compensation software firm, believes as more and more higher paid Baby Boomers finally retire, salary dollars will realign and shift to the younger employees. “We should finally see annual salary budgets moving above 3 percent without adding significant new salary dollars.” I suspect, rumors of Baby Boomers finally retiring are greatly exaggerated.

About the SelectLeaders Job Barometer

The SelectLeaders Job Barometer, published since 2006, is the foremost survey of employment opportunities, trends, and hiring practices in the commercial real estate industry.

About the SelectLeaders Real Estate Job Network

SelectLeaders powers the Career Centers for 9 premier real estate industry Associations (whose members control or direct 90% of commercial real estate). Jobs are from all sectors and all levels with 29% paying over $100,000. SelectLeaders Job Network offers unequalled access to the Real Estate community. To learn more visit or visit our Job Network Career Centers: BOMA, CCIM, CREFC,, NAIOP, NAREIM, NAREIT, NMHC, PREA, Project REAP, ULI, NRHC

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