How do brokers and other commercial real estate professionals like you envision the future of the industry? According to an FPL Associates survey, your counterparts indicated that salaries, bonuses, and workforce growth in the CRE industry are all looking up for 2019.
This is exciting news for obvious reasons: industry growth is positive for everyone in CRE.
FPL is a global professional services firm specializing in compensation consulting, management consulting, executive search, and leadership consulting.
For their annual Real Estate Compensation Pulse Survey, they polled more than 276 real estate companies all over the world. The survey questions involved topics like compensation via base salary, overall performance, annual bonus, long-term incentive, and workforce growth.
As GlobeSt.com notes about the survey, “compensation amounts and hiring activity picked up in 2018 and continued increases are forecasted for 2019.” Additionally, GlobeSt reported that the industry is, on the whole, very optimistic despite uncertainty around things like growing interest rates, challenges finding single asset investments, and current cycle lengths.
The findings of FPL’s survey strongly align with the predictions made last year by respondents to the Buildout and theBrokerList’s DNA of #CRE survey. So, despite the industry’s challenges, CRE professionals should feel more confident than ever about where the business is headed.
Do you agree with these predictions? Take the 2018 DNA of #CRE survey now to tell us more about your business last year and your predictions for 2019.