Real estate agent job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
Yes, real estate agent jobs are in demand. Real estate agent demand is projected to grow 5% from 2018 to 2028.
See Expert Opinions On The Job Outlook For Real Estate Agents Real Estate Agent growth estimate See job growth Real Estate Agent salary expectations See salary expectations| Year | # Of Jobs | % Of Population |
|---|---|---|
| 2021 | 168,016 | 0.05% |
| 2020 | 161,549 | 0.05% |
| 2019 | 156,622 | 0.05% |
| 2018 | 151,401 | 0.05% |
| 2017 | 144,947 | 0.04% |
| Year | Avg. Salary | Hourly Rate | % Change |
|---|---|---|---|
| 2024 | $91,788 | $44.13 | +0.2% |
| 2023 | $91,582 | $44.03 | +0.5% |
| 2022 | $91,133 | $43.81 | +5.9% |
| 2021 | $86,079 | $41.38 | +4.3% |
| 2020 | $82,523 | $39.67 | +1.7% |
The map below shows you the number of real estate agent job openings in each state. The darker areas on the map show where real estate agents earn the highest salaries across all 50 states.
Average Salary: Job Openings:| Rank | State | Population | # of Jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | Delaware | 961,939 | 191 | 20% |
| 2 | District of Columbia | 693,972 | 130 | 19% |
| 3 | Massachusetts | 6,859,819 | 1,173 | 17% |
| 4 | Nebraska | 1,920,076 | 328 | 17% |
| 5 | Vermont | 623,657 | 103 | 17% |
| 6 | New Hampshire | 1,342,795 | 207 | 15% |
| 7 | Montana | 1,050,493 | 157 | 15% |
| 8 | Pennsylvania | 12,805,537 | 1,743 | 14% |
| 9 | Arizona | 7,016,270 | 952 | 14% |
| 10 | Missouri | 6,113,532 | 864 | 14% |
| 11 | Oregon | 4,142,776 | 560 | 14% |
| 12 | Iowa | 3,145,711 | 432 | 14% |
| 13 | Rhode Island | 1,059,639 | 153 | 14% |
| 14 | Connecticut | 3,588,184 | 473 | 13% |
| 15 | Utah | 3,101,833 | 411 | 13% |
| 16 | Wyoming | 579,315 | 76 | 13% |
| 17 | Colorado | 5,607,154 | 663 | 12% |
| 18 | Alabama | 4,874,747 | 606 | 12% |
| 19 | South Dakota | 869,666 | 101 | 12% |
| 20 | North Dakota | 755,393 | 92 | 12% |
| Rank | City | # of Jobs | Employment/ 1000ppl | Avg. Salary |
|---|---|---|---|---|
| 1 | Orlando | 14 | 5% | $72,333 |
| 2 | Huntington Beach | 8 | 4% | $97,639 |
| 3 | Clearwater | 4 | 3% | $72,158 |
| 4 | Denver | 12 | 2% | $94,008 |
| 5 | Atlanta | 11 | 2% | $94,259 |
| 6 | Tampa | 9 | 2% | $72,073 |
| 7 | Gilbert | 5 | 2% | $80,305 |
| 8 | Glendale | 4 | 2% | $80,330 |
| 9 | San Diego | 12 | 1% | $97,224 |
| 10 | Jacksonville | 7 | 1% | $74,141 |
| 11 | Long Beach | 7 | 1% | $97,707 |
| 12 | Charlotte | 6 | 1% | $67,446 |
| 13 | Indianapolis | 5 | 1% | $85,083 |
| 14 | New Orleans | 5 | 1% | $66,215 |
| 15 | Sacramento | 5 | 1% | $104,305 |
| 16 | Washington | 5 | 1% | $93,839 |
| 17 | Phoenix | 8 | 0% | $80,334 |
| 18 | Chicago | 6 | 0% | $73,746 |
| 19 | Dallas | 4 | 0% | $83,097 |
We spoke to real estate agent professors and experts from several universities and companies to get their opinions on where the real estate agent job market for recent graduates is heading and how young graduates entering the real estate agent industry can be adequately prepared. Here are their thoughts.
California State University, Northridge
Georgia State University
Florida State University
University of Alaska Anchorage
National Association of Realtors
The Appraisal Foundation
Top real estate agent jobs near you Full Time Jobs Part Time Jobs Entry Level Jobs View more jobs on ZippiaCalifornia State University, Northridge
Department of Business Law
Ray Calnan Ph.D.: Having a broad knowledge of the market and understanding the changes and requirements of real estate law. Soft skills are very important. Knowing how to communicate, negotiate, and interact with people is important in residential and commercial real estate. Commercial brokers will also require the ability to use high-level quantitative skills.
Ray Calnan Ph.D.: Residential is mostly focused on communication (not just email and text, but conversation virtually, in-person, and phone). Understanding social media, marketing, virtual tours, etc. Commercial uses these skills in addition to financial analysis, valuation, and market research.
Ray Calnan Ph.D.: Communication and critical thinking will help the most. These skills are what get the opportunity and help you discover how to be successful.
Ray Calnan Ph.D.: Having a broad knowledge of the market and understanding the changes and requirements of real estate law. Soft skills are very important. Knowing how to communicate, negotiate, and interact with people is important in residential and commercial real estate. Commercial brokers will also require the ability to use high-level quantitative skills.
Ray Calnan Ph.D.: Having a broad knowledge of the market and understanding the changes and requirements of real estate law. Soft skills are very important. Knowing how to communicate, negotiate, and interact with people is important in residential and commercial real estate. Commercial brokers will also require the ability to use high-level quantitative skills.
Ray Calnan Ph.D.: Residential is mostly focused on communication (not just email and text, but conversation virtually, in-person, and phone). Understanding social media, marketing, virtual tours, etc. Commercial uses these skills in addition to financial analysis, valuation, and market research.
Ray Calnan Ph.D.: Residential is mostly focused on communication (not just email and text, but conversation virtually, in-person, and phone). Understanding social media, marketing, virtual tours, etc. Commercial uses these skills in addition to financial analysis, valuation, and market research.
Ray Calnan Ph.D.: Communication and critical thinking will help the most. These skills are what get the opportunity and help you discover how to be successful.
Ray Calnan Ph.D.: Communication and critical thinking will help the most. These skills are what get the opportunity and help you discover how to be successful.
Ray Calnan Ph.D.: Communication and critical thinking will help the most. These skills are what get the opportunity and help you discover how to be successful.
Ray Calnan Ph.D.: Having a broad knowledge of the market and understanding the changes and requirements of real estate law. Soft skills are very important. Knowing how to communicate, negotiate, and interact with people is important in residential and commercial real estate. Commercial brokers will also require the ability to use high-level quantitative skills.
Ray Calnan Ph.D.: Residential is mostly focused on communication (not just email and text, but conversation virtually, in-person, and phone). Understanding social media, marketing, virtual tours, etc. Commercial uses these skills in addition to financial analysis, valuation, and market research.
Belk College of Business
Daniel Wright: -Focus on diversity: I am getting a lot of employers calling me for historically underrepresented students (minorities and women) whom they can hire.
-Educated Workforce: There are an ever-increasing number of students coming out of Master's in Real Estate programs, so the demand for higher educated students is increasing.
-Data Analytics: The need for and availability of technology and talent is allowing companies to increase their data analytics.
-Competitive Workforce: The pandemic has provided time for people to pursue a real estate license or real estate degree, so there is likely to be a higher supply of available candidates increasing competition, allowing for potentially lower pay.
-Capital Placement: There is a lot of capital available for placement so there may be an increase of jobs available in private equity and other capital placement type jobs.
Daniel Wright: -MBA with concentration in real estate or Master's in Real Estate
-Undergraduate degree in finance with real estate major
-CCIM designation
-CRE Designation
-State real estate license with broker designation
-Online course certifications such as Adventures in Commercial Real Estate
-Real estate modeling courses
-Data analytics courses
Daniel Wright: New graduates will face the issue of in-person mentorship. It will be a challenge for graduates to understand the company culture, observe the key company players, get a sense for the company brand, and have one-on-one help as they start out. The flip side is they may have access to a broader array of people which could prove beneficial. New graduates will have spent a year in the virtual environment, so depending on the company this may be business as usual or the new graduates may find themselves "unpracticed' in social interaction within a professional environment.
There may be a bit of a rude awakening if students were used to hybrid type courses that afforded maximum flexibility and then need to shift to a fixed schedule with their employer.
Daniel Wright: Everything is fluid so it is hard to tell at this point. Many employers are staying virtual at least through year's end while others are in-person. They will continue to utilize Zoom calls and will need to be proactive to ensure engagement with peers. The environment will require more self-discipline with limited over-the-back managers.
Daniel Wright: -Real estate companies and transactions have become quite complex overall, so salaries continue to increase reflecting the needed education to make real estate deals successful.
-However, there continues to be a ton of small real estate companies which often pay lower salaries.
Daniel Wright: Understanding how to leverage technology to have conversations and get work done; being responsible and professional beyond what is expected; working hard; opportunities will not just show up, they will require more intensity and effort.
Daniel Wright: -Focus on diversity: I am getting a lot of employers calling me for historically underrepresented students (minorities and women) whom they can hire.
-Educated Workforce: There are an ever-increasing number of students coming out of Master's in Real Estate programs, so the demand for higher educated students is increasing.
-Data Analytics: The need for and availability of technology and talent is allowing companies to increase their data analytics.
-Competitive Workforce: The pandemic has provided time for people to pursue a real estate license or real estate degree, so there is likely to be a higher supply of available candidates increasing competition, allowing for potentially lower pay.
-Capital Placement: There is a lot of capital available for placement so there may be an increase of jobs available in private equity and other capital placement type jobs.
Daniel Wright: -Focus on diversity: I am getting a lot of employers calling me for historically underrepresented students (minorities and women) whom they can hire.
-Educated Workforce: There are an ever-increasing number of students coming out of Master's in Real Estate programs, so the demand for higher educated students is increasing.
-Data Analytics: The need for and availability of technology and talent is allowing companies to increase their data analytics.
-Competitive Workforce: The pandemic has provided time for people to pursue a real estate license or real estate degree, so there is likely to be a higher supply of available candidates increasing competition, allowing for potentially lower pay.
-Capital Placement: There is a lot of capital available for placement so there may be an increase of jobs available in private equity and other capital placement type jobs.
Daniel Wright: -Focus on diversity: I am getting a lot of employers calling me for historically underrepresented students (minorities and women) whom they can hire.
-Educated Workforce: There are an ever-increasing number of students coming out of Master's in Real Estate programs, so the demand for higher educated students is increasing.
-Data Analytics: The need for and availability of technology and talent is allowing companies to increase their data analytics.
-Competitive Workforce: The pandemic has provided time for people to pursue a real estate license or real estate degree, so there is likely to be a higher supply of available candidates increasing competition, allowing for potentially lower pay.
-Capital Placement: There is a lot of capital available for placement so there may be an increase of jobs available in private equity and other capital placement type jobs.
Daniel Wright: -MBA with concentration in real estate or Master's in Real Estate
-Undergraduate degree in finance with real estate major
-CCIM designation
-CRE Designation
-State real estate license with broker designation
-Online course certifications such as Adventures in Commercial Real Estate
-Real estate modeling courses
-Data analytics courses
Daniel Wright: -MBA with concentration in real estate or Master's in Real Estate
-Undergraduate degree in finance with real estate major
-CCIM designation
-CRE Designation
-State real estate license with broker designation
-Online course certifications such as Adventures in Commercial Real Estate
-Real estate modeling courses
-Data analytics courses
Daniel Wright: -MBA with concentration in real estate or Master's in Real Estate
-Undergraduate degree in finance with real estate major
-CCIM designation
-CRE Designation
-State real estate license with broker designation
-Online course certifications such as Adventures in Commercial Real Estate
-Real estate modeling courses
-Data analytics courses
Daniel Wright: New graduates will face the issue of in-person mentorship. It will be a challenge for graduates to understand the company culture, observe the key company players, get a sense for the company brand, and have one-on-one help as they start out. The flip side is they may have access to a broader array of people which could prove beneficial. New graduates will have spent a year in the virtual environment, so depending on the company this may be business as usual or the new graduates may find themselves "unpracticed' in social interaction within a professional environment.
There may be a bit of a rude awakening if students were used to hybrid type courses that afforded maximum flexibility and then need to shift to a fixed schedule with their employer.
Daniel Wright: New graduates will face the issue of in-person mentorship. It will be a challenge for graduates to understand the company culture, observe the key company players, get a sense for the company brand, and have one-on-one help as they start out. The flip side is they may have access to a broader array of people which could prove beneficial. New graduates will have spent a year in the virtual environment, so depending on the company this may be business as usual or the new graduates may find themselves "unpracticed' in social interaction within a professional environment.
There may be a bit of a rude awakening if students were used to hybrid type courses that afforded maximum flexibility and then need to shift to a fixed schedule with their employer.
Daniel Wright: New graduates will face the issue of in-person mentorship. It will be a challenge for graduates to understand the company culture, observe the key company players, get a sense for the company brand, and have one-on-one help as they start out. The flip side is they may have access to a broader array of people which could prove beneficial. New graduates will have spent a year in the virtual environment, so depending on the company this may be business as usual or the new graduates may find themselves "unpracticed' in social interaction within a professional environment.
There may be a bit of a rude awakening if students were used to hybrid type courses that afforded maximum flexibility and then need to shift to a fixed schedule with their employer.
Daniel Wright: Everything is fluid so it is hard to tell at this point. Many employers are staying virtual at least through year's end while others are in-person. They will continue to utilize Zoom calls and will need to be proactive to ensure engagement with peers. The environment will require more self-discipline with limited over-the-back managers.
Daniel Wright: Everything is fluid so it is hard to tell at this point. Many employers are staying virtual at least through year's end while others are in-person. They will continue to utilize Zoom calls and will need to be proactive to ensure engagement with peers. The environment will require more self-discipline with limited over-the-back managers.
Daniel Wright: Everything is fluid so it is hard to tell at this point. Many employers are staying virtual at least through year's end while others are in-person. They will continue to utilize Zoom calls and will need to be proactive to ensure engagement with peers. The environment will require more self-discipline with limited over-the-back managers.
Daniel Wright: -Real estate companies and transactions have become quite complex overall, so salaries continue to increase reflecting the needed education to make real estate deals successful.
-However, there continues to be a ton of small real estate companies which often pay lower salaries.
Daniel Wright: -Real estate companies and transactions have become quite complex overall, so salaries continue to increase reflecting the needed education to make real estate deals successful.
-However, there continues to be a ton of small real estate companies which often pay lower salaries.
Daniel Wright: -Real estate companies and transactions have become quite complex overall, so salaries continue to increase reflecting the needed education to make real estate deals successful.
-However, there continues to be a ton of small real estate companies which often pay lower salaries.
Daniel Wright: Understanding how to leverage technology to have conversations and get work done; being responsible and professional beyond what is expected; working hard; opportunities will not just show up, they will require more intensity and effort.
Daniel Wright: Understanding how to leverage technology to have conversations and get work done; being responsible and professional beyond what is expected; working hard; opportunities will not just show up, they will require more intensity and effort.
Daniel Wright: Understanding how to leverage technology to have conversations and get work done; being responsible and professional beyond what is expected; working hard; opportunities will not just show up, they will require more intensity and effort.
Georgia State University
Department of Real Estate
Lynn McKee: The job market was very active in 2019 and early 2020 and then shut down in March as the pandemic spread. Many employers laid off employees, particularly junior level analysts and associates for lack of work and budgetary constraints. We are now seeing these employers starting to rehire the laid off employees and considering new employees.
We've seen the number of job postings increase and a few grads from last year have received offers in late 2020 and so far in 2021. However, our entry level grads must often compete with laid off analysts and associates which already have a few years of experience under their belt. This makes for a still challenging job market for entry level grads. We expect this dynamic to improve as the pandemic wanes, the economy comes back and companies decide to grow to meet future investment opportunities as the year progresses.
Lynn McKee: From entry-level grads, employers are looking for hard skills, like Argus certification, proven Excel skills and CoStar proficiency. Some experience from internships is also important to get a grad over the "no CRE experience" hurdle.
Lynn McKee: We believe the most promising job markets will be the growth markets of the Southeast and Southwest (Atlanta, Charlotte, Nashville, Tampa, Orlando, Miami, Dallas, Houston, Austin, etc. ). These markets are positioned to receive company and population relocations out of the extensive coastal markets as companies disperse their workforce and talent pools. Real estate demand and therefore job opportunities will follow this relocation pattern. More difficult markets will be these large coastal markets (New York, San Francisco, Boston, Washington, LA, etc. ) which have existing deep pools of real estate talent but potentially diminishing real estate demand and therefore job opportunities.
Lynn McKee: From entry-level grads, employers are looking for hard skills, like Argus certification, proven Excel skills and CoStar proficiency. Some experience from internships is also important to get a grad over the "no CRE experience" hurdle.
Lynn McKee: From entry-level grads, employers are looking for hard skills, like Argus certification, proven Excel skills and CoStar proficiency. Some experience from internships is also important to get a grad over the "no CRE experience" hurdle.
Lynn McKee: The job market was very active in 2019 and early 2020 and then shut down in March as the pandemic spread. Many employers laid off employees, particularly junior level analysts and associates for lack of work and budgetary constraints. We are now seeing these employers starting to rehire the laid off employees and considering new employees.
We've seen the number of job postings increase and a few grads from last year have received offers in late 2020 and so far in 2021. However, our entry level grads must often compete with laid off analysts and associates which already have a few years of experience under their belt. This makes for a still challenging job market for entry level grads. We expect this dynamic to improve as the pandemic wanes, the economy comes back and companies decide to grow to meet future investment opportunities as the year progresses.
Lynn McKee: The job market was very active in 2019 and early 2020 and then shut down in March as the pandemic spread. Many employers laid off employees, particularly junior level analysts and associates for lack of work and budgetary constraints. We are now seeing these employers starting to rehire the laid off employees and considering new employees.
We've seen the number of job postings increase and a few grads from last year have received offers in late 2020 and so far in 2021. However, our entry level grads must often compete with laid off analysts and associates which already have a few years of experience under their belt. This makes for a still challenging job market for entry level grads. We expect this dynamic to improve as the pandemic wanes, the economy comes back and companies decide to grow to meet future investment opportunities as the year progresses.
Lynn McKee: The job market was very active in 2019 and early 2020 and then shut down in March as the pandemic spread. Many employers laid off employees, particularly junior level analysts and associates for lack of work and budgetary constraints. We are now seeing these employers starting to rehire the laid off employees and considering new employees.
We've seen the number of job postings increase and a few grads from last year have received offers in late 2020 and so far in 2021. However, our entry level grads must often compete with laid off analysts and associates which already have a few years of experience under their belt. This makes for a still challenging job market for entry level grads. We expect this dynamic to improve as the pandemic wanes, the economy comes back and companies decide to grow to meet future investment opportunities as the year progresses.
Lynn McKee: The job market was very active in 2019 and early 2020 and then shut down in March as the pandemic spread. Many employers laid off employees, particularly junior level analysts and associates for lack of work and budgetary constraints. We are now seeing these employers starting to rehire the laid off employees and considering new employees.
We've seen the number of job postings increase and a few grads from last year have received offers in late 2020 and so far in 2021. However, our entry level grads must often compete with laid off analysts and associates which already have a few years of experience under their belt. This makes for a still challenging job market for entry level grads. We expect this dynamic to improve as the pandemic wanes, the economy comes back and companies decide to grow to meet future investment opportunities as the year progresses.
Lynn McKee: From entry-level grads, employers are looking for hard skills, like Argus certification, proven Excel skills and CoStar proficiency. Some experience from internships is also important to get a grad over the "no CRE experience" hurdle.
Lynn McKee: From entry-level grads, employers are looking for hard skills, like Argus certification, proven Excel skills and CoStar proficiency. Some experience from internships is also important to get a grad over the "no CRE experience" hurdle.
Lynn McKee: We believe the most promising job markets will be the growth markets of the Southeast and Southwest (Atlanta, Charlotte, Nashville, Tampa, Orlando, Miami, Dallas, Houston, Austin, etc. ). These markets are positioned to receive company and population relocations out of the extensive coastal markets as companies disperse their workforce and talent pools. Real estate demand and therefore job opportunities will follow this relocation pattern. More difficult markets will be these large coastal markets (New York, San Francisco, Boston, Washington, LA, etc. ) which have existing deep pools of real estate talent but potentially diminishing real estate demand and therefore job opportunities.
Lynn McKee: We believe the most promising job markets will be the growth markets of the Southeast and Southwest (Atlanta, Charlotte, Nashville, Tampa, Orlando, Miami, Dallas, Houston, Austin, etc. ). These markets are positioned to receive company and population relocations out of the extensive coastal markets as companies disperse their workforce and talent pools. Real estate demand and therefore job opportunities will follow this relocation pattern. More difficult markets will be these large coastal markets (New York, San Francisco, Boston, Washington, LA, etc. ) which have existing deep pools of real estate talent but potentially diminishing real estate demand and therefore job opportunities.
Lynn McKee: We believe the most promising job markets will be the growth markets of the Southeast and Southwest (Atlanta, Charlotte, Nashville, Tampa, Orlando, Miami, Dallas, Houston, Austin, etc. ). These markets are positioned to receive company and population relocations out of the extensive coastal markets as companies disperse their workforce and talent pools. Real estate demand and therefore job opportunities will follow this relocation pattern. More difficult markets will be these large coastal markets (New York, San Francisco, Boston, Washington, LA, etc. ) which have existing deep pools of real estate talent but potentially diminishing real estate demand and therefore job opportunities.
Lynn McKee: We believe the most promising job markets will be the growth markets of the Southeast and Southwest (Atlanta, Charlotte, Nashville, Tampa, Orlando, Miami, Dallas, Houston, Austin, etc. ). These markets are positioned to receive company and population relocations out of the extensive coastal markets as companies disperse their workforce and talent pools. Real estate demand and therefore job opportunities will follow this relocation pattern. More difficult markets will be these large coastal markets (New York, San Francisco, Boston, Washington, LA, etc. ) which have existing deep pools of real estate talent but potentially diminishing real estate demand and therefore job opportunities.
Florida State University
Department of Risk Management, Insurance, Real Estate, and Legal Studies
Mariya Letdin Ph.D.: I think there will be an enduring impact on the commercial real estate industry and on the graduates who seek employment in it. First, allocation of capital is shifting between different asset classes and cities as a result of the pandemic. Second, the trajectory of careers may be different for some graduates who are not able to find employment in the sector or city of their choice. Thus, their careers may not be as linear as they would have been.
Mariya Letdin Ph.D.: Skills needed to enter the workforce have not changed, but I think the emphasis on preparation has increased. The pandemic has made it more challenging to train new hires, and thus graduates with strong analytical skills and some experience (internships, project work) at the time of hire may fair better.
Mariya Letdin Ph.D.: Experience in the area where graduates are seeking employment is, of course, best. That said, any work experience that demonstrates discipline, achievement, and drive to succeed is very valuable.
Mariya Letdin Ph.D.: I think there will be an enduring impact on the commercial real estate industry and on the graduates who seek employment in it. First, allocation of capital is shifting between different asset classes and cities as a result of the pandemic. Second, the trajectory of careers may be different for some graduates who are not able to find employment in the sector or city of their choice. Thus, their careers may not be as linear as they would have been.
Mariya Letdin Ph.D.: I think there will be an enduring impact on the commercial real estate industry and on the graduates who seek employment in it. First, allocation of capital is shifting between different asset classes and cities as a result of the pandemic. Second, the trajectory of careers may be different for some graduates who are not able to find employment in the sector or city of their choice. Thus, their careers may not be as linear as they would have been.
Mariya Letdin Ph.D.: Skills needed to enter the workforce have not changed, but I think the emphasis on preparation has increased. The pandemic has made it more challenging to train new hires, and thus graduates with strong analytical skills and some experience (internships, project work) at the time of hire may fair better.
Mariya Letdin Ph.D.: Experience in the area where graduates are seeking employment is, of course, best. That said, any work experience that demonstrates discipline, achievement, and drive to succeed is very valuable.
Mariya Letdin Ph.D.: I think there will be an enduring impact on the commercial real estate industry and on the graduates who seek employment in it. First, allocation of capital is shifting between different asset classes and cities as a result of the pandemic. Second, the trajectory of careers may be different for some graduates who are not able to find employment in the sector or city of their choice. Thus, their careers may not be as linear as they would have been.
Mariya Letdin Ph.D.: Experience in the area where graduates are seeking employment is, of course, best. That said, any work experience that demonstrates discipline, achievement, and drive to succeed is very valuable.
Mariya Letdin Ph.D.: I think there will be an enduring impact on the commercial real estate industry and on the graduates who seek employment in it. First, allocation of capital is shifting between different asset classes and cities as a result of the pandemic. Second, the trajectory of careers may be different for some graduates who are not able to find employment in the sector or city of their choice. Thus, their careers may not be as linear as they would have been.
Mariya Letdin Ph.D.: Skills needed to enter the workforce have not changed, but I think the emphasis on preparation has increased. The pandemic has made it more challenging to train new hires, and thus graduates with strong analytical skills and some experience (internships, project work) at the time of hire may fair better.
Mariya Letdin Ph.D.: Skills needed to enter the workforce have not changed, but I think the emphasis on preparation has increased. The pandemic has made it more challenging to train new hires, and thus graduates with strong analytical skills and some experience (internships, project work) at the time of hire may fair better.
Mariya Letdin Ph.D.: Skills needed to enter the workforce have not changed, but I think the emphasis on preparation has increased. The pandemic has made it more challenging to train new hires, and thus graduates with strong analytical skills and some experience (internships, project work) at the time of hire may fair better.
Mariya Letdin Ph.D.: Experience in the area where graduates are seeking employment is, of course, best. That said, any work experience that demonstrates discipline, achievement, and drive to succeed is very valuable.
Mariya Letdin Ph.D.: Experience in the area where graduates are seeking employment is, of course, best. That said, any work experience that demonstrates discipline, achievement, and drive to succeed is very valuable.
University of Alaska Anchorage
Weidner Property Management and Real Estate Program at CBPP
Terry Fields: In my experience, the attribute that will dictate the future success of a graduate most accurately is strong emotional intelligence. This has been the case in the past, and it will continue to be critical to the success of real estate managers. Inherent in this skill is the ability to know yourself, to know your audience (clients, co-workers, supervisors, vendors, etc.), and to most effectively deliver communication that is clear, considerate of the audience, and empathetic. Employees that have this skill are better practitioners, better team members, and better leaders. They form stronger relationships, manage conflict more effectively, and grow their circle of influence. In competitive markets, if the "tide goes out," these are the individuals that build a personal reputation and loyalty that make their presence even more critical to the success of the organization.
In addition to emotional intelligence, two hard skills that will benefit young graduates are financial and technical competencies. The ability to comprehend the big picture of their role, expressed in dollars and graphs, will enable them to more effectively communicate with supervisors and correlate their daily activities with the mission and objectives of the organization. Being able to identify trends, variances, correlations, and causations in the spreadsheets will make their work as practitioners more effective and signal to their supervisors the higher level of thinking required for promotions in this industry. Technical competency will also continue to play a critical role in moving forward. Communication and financial skills are often expressed through the use of technical tools, including spreadsheets, virtual communication apps, presentation and design software, and property management and marketing solutions. Graduates with a strong grasp of technology and an ability to quickly learn new systems will be better able to demonstrate and communicate their value in a professional way.
Terry Fields: One of the wonderful things about working in real estate is that it is literally everywhere. Furthermore, real estate management involves the overseeing of existing real estate assets that require management, despite conditions in the general economy (within reason). Therefore, positions in this industry tend to be less cyclical or location-dependent. The real estate market lags behind the general economy, so real estate growth will tend to follow in areas of job growth, population growth, and the subsequent real estate development to meet the business and housing needs. Over the past several years, development phases have been seen all over the country, including Seattle, Austin, Nashville, and Boston. The industry consistently posts more career availability than candidates, and a graduate that is flexible and able to remain mobile is more likely to see their career progress more quickly and with greater options.
Terry Fields: Technology has been a tool for this field in development, marketing, facilities management, financial analysis, and administration. In the next five years, there will be a continued shift toward electronic signatures and document solutions, artificial intelligence and virtual/augmented reality in marketing, and smart building systems, including sustainability, security, monitoring, and unit amenities. One of the trending topics today is how the COVID-19 pandemic might reshape the landscape for how employees work moving forward and the implications that would have on the commercial and residential industries. If employees can be as productive working remotely as they can in an office, why should companies carry the overhead of commercial leases or assets? Similarly, if people are not tethered to their employer and office location, how might their housing decisions change?
Another popular topic that has been developing, well before the pandemic, is the role of retail property in the rise of e-commerce. Most people agree that retail property has a place in the omnichannel of retailers, but how it looks and functions moving forward will be impacted by the digital space. In the end, people need a place to live, and companies need space to operate, manufacture, store, distribute, and sell goods/services. What that space looks like, how it is owned and operated, and where it is located will shift as technology and the general economy shift. Five years is a short timeline for real estate, but current trends may start the progression toward larger shifts in the industry.
Terry Fields: In my experience, the attribute that will dictate the future success of a graduate most accurately is strong emotional intelligence. This has been the case in the past, and it will continue to be critical to the success of real estate managers. Inherent in this skill is the ability to know yourself, to know your audience (clients, co-workers, supervisors, vendors, etc.), and to most effectively deliver communication that is clear, considerate of the audience, and empathetic. Employees that have this skill are better practitioners, better team members, and better leaders. They form stronger relationships, manage conflict more effectively, and grow their circle of influence. In competitive markets, if the "tide goes out," these are the individuals that build a personal reputation and loyalty that make their presence even more critical to the success of the organization.
In addition to emotional intelligence, two hard skills that will benefit young graduates are financial and technical competencies. The ability to comprehend the big picture of their role, expressed in dollars and graphs, will enable them to more effectively communicate with supervisors and correlate their daily activities with the mission and objectives of the organization. Being able to identify trends, variances, correlations, and causations in the spreadsheets will make their work as practitioners more effective and signal to their supervisors the higher level of thinking required for promotions in this industry. Technical competency will also continue to play a critical role in moving forward. Communication and financial skills are often expressed through the use of technical tools, including spreadsheets, virtual communication apps, presentation and design software, and property management and marketing solutions. Graduates with a strong grasp of technology and an ability to quickly learn new systems will be better able to demonstrate and communicate their value in a professional way.
Terry Fields: One of the wonderful things about working in real estate is that it is literally everywhere. Furthermore, real estate management involves the overseeing of existing real estate assets that require management, despite conditions in the general economy (within reason). Therefore, positions in this industry tend to be less cyclical or location-dependent. The real estate market lags behind the general economy, so real estate growth will tend to follow in areas of job growth, population growth, and the subsequent real estate development to meet the business and housing needs. Over the past several years, development phases have been seen all over the country, including Seattle, Austin, Nashville, and Boston. The industry consistently posts more career availability than candidates, and a graduate that is flexible and able to remain mobile is more likely to see their career progress more quickly and with greater options.
Terry Fields: One of the wonderful things about working in real estate is that it is literally everywhere. Furthermore, real estate management involves the overseeing of existing real estate assets that require management, despite conditions in the general economy (within reason). Therefore, positions in this industry tend to be less cyclical or location-dependent. The real estate market lags behind the general economy, so real estate growth will tend to follow in areas of job growth, population growth, and the subsequent real estate development to meet the business and housing needs. Over the past several years, development phases have been seen all over the country, including Seattle, Austin, Nashville, and Boston. The industry consistently posts more career availability than candidates, and a graduate that is flexible and able to remain mobile is more likely to see their career progress more quickly and with greater options.
Terry Fields: Technology has been a tool for this field in development, marketing, facilities management, financial analysis, and administration. In the next five years, there will be a continued shift toward electronic signatures and document solutions, artificial intelligence and virtual/augmented reality in marketing, and smart building systems, including sustainability, security, monitoring, and unit amenities. One of the trending topics today is how the COVID-19 pandemic might reshape the landscape for how employees work moving forward and the implications that would have on the commercial and residential industries. If employees can be as productive working remotely as they can in an office, why should companies carry the overhead of commercial leases or assets? Similarly, if people are not tethered to their employer and office location, how might their housing decisions change?
Another popular topic that has been developing, well before the pandemic, is the role of retail property in the rise of e-commerce. Most people agree that retail property has a place in the omnichannel of retailers, but how it looks and functions moving forward will be impacted by the digital space. In the end, people need a place to live, and companies need space to operate, manufacture, store, distribute, and sell goods/services. What that space looks like, how it is owned and operated, and where it is located will shift as technology and the general economy shift. Five years is a short timeline for real estate, but current trends may start the progression toward larger shifts in the industry.
Terry Fields: Technology has been a tool for this field in development, marketing, facilities management, financial analysis, and administration. In the next five years, there will be a continued shift toward electronic signatures and document solutions, artificial intelligence and virtual/augmented reality in marketing, and smart building systems, including sustainability, security, monitoring, and unit amenities. One of the trending topics today is how the COVID-19 pandemic might reshape the landscape for how employees work moving forward and the implications that would have on the commercial and residential industries. If employees can be as productive working remotely as they can in an office, why should companies carry the overhead of commercial leases or assets? Similarly, if people are not tethered to their employer and office location, how might their housing decisions change?
Another popular topic that has been developing, well before the pandemic, is the role of retail property in the rise of e-commerce. Most people agree that retail property has a place in the omnichannel of retailers, but how it looks and functions moving forward will be impacted by the digital space. In the end, people need a place to live, and companies need space to operate, manufacture, store, distribute, and sell goods/services. What that space looks like, how it is owned and operated, and where it is located will shift as technology and the general economy shift. Five years is a short timeline for real estate, but current trends may start the progression toward larger shifts in the industry.
Terry Fields: Technology has been a tool for this field in development, marketing, facilities management, financial analysis, and administration. In the next five years, there will be a continued shift toward electronic signatures and document solutions, artificial intelligence and virtual/augmented reality in marketing, and smart building systems, including sustainability, security, monitoring, and unit amenities. One of the trending topics today is how the COVID-19 pandemic might reshape the landscape for how employees work moving forward and the implications that would have on the commercial and residential industries. If employees can be as productive working remotely as they can in an office, why should companies carry the overhead of commercial leases or assets? Similarly, if people are not tethered to their employer and office location, how might their housing decisions change?
Another popular topic that has been developing, well before the pandemic, is the role of retail property in the rise of e-commerce. Most people agree that retail property has a place in the omnichannel of retailers, but how it looks and functions moving forward will be impacted by the digital space. In the end, people need a place to live, and companies need space to operate, manufacture, store, distribute, and sell goods/services. What that space looks like, how it is owned and operated, and where it is located will shift as technology and the general economy shift. Five years is a short timeline for real estate, but current trends may start the progression toward larger shifts in the industry.
Terry Fields: In my experience, the attribute that will dictate the future success of a graduate most accurately is strong emotional intelligence. This has been the case in the past, and it will continue to be critical to the success of real estate managers. Inherent in this skill is the ability to know yourself, to know your audience (clients, co-workers, supervisors, vendors, etc.), and to most effectively deliver communication that is clear, considerate of the audience, and empathetic. Employees that have this skill are better practitioners, better team members, and better leaders. They form stronger relationships, manage conflict more effectively, and grow their circle of influence. In competitive markets, if the "tide goes out," these are the individuals that build a personal reputation and loyalty that make their presence even more critical to the success of the organization.
In addition to emotional intelligence, two hard skills that will benefit young graduates are financial and technical competencies. The ability to comprehend the big picture of their role, expressed in dollars and graphs, will enable them to more effectively communicate with supervisors and correlate their daily activities with the mission and objectives of the organization. Being able to identify trends, variances, correlations, and causations in the spreadsheets will make their work as practitioners more effective and signal to their supervisors the higher level of thinking required for promotions in this industry. Technical competency will also continue to play a critical role in moving forward. Communication and financial skills are often expressed through the use of technical tools, including spreadsheets, virtual communication apps, presentation and design software, and property management and marketing solutions. Graduates with a strong grasp of technology and an ability to quickly learn new systems will be better able to demonstrate and communicate their value in a professional way.
Terry Fields: In my experience, the attribute that will dictate the future success of a graduate most accurately is strong emotional intelligence. This has been the case in the past, and it will continue to be critical to the success of real estate managers. Inherent in this skill is the ability to know yourself, to know your audience (clients, co-workers, supervisors, vendors, etc.), and to most effectively deliver communication that is clear, considerate of the audience, and empathetic. Employees that have this skill are better practitioners, better team members, and better leaders. They form stronger relationships, manage conflict more effectively, and grow their circle of influence. In competitive markets, if the "tide goes out," these are the individuals that build a personal reputation and loyalty that make their presence even more critical to the success of the organization.
In addition to emotional intelligence, two hard skills that will benefit young graduates are financial and technical competencies. The ability to comprehend the big picture of their role, expressed in dollars and graphs, will enable them to more effectively communicate with supervisors and correlate their daily activities with the mission and objectives of the organization. Being able to identify trends, variances, correlations, and causations in the spreadsheets will make their work as practitioners more effective and signal to their supervisors the higher level of thinking required for promotions in this industry. Technical competency will also continue to play a critical role in moving forward. Communication and financial skills are often expressed through the use of technical tools, including spreadsheets, virtual communication apps, presentation and design software, and property management and marketing solutions. Graduates with a strong grasp of technology and an ability to quickly learn new systems will be better able to demonstrate and communicate their value in a professional way.
Terry Fields: In my experience, the attribute that will dictate the future success of a graduate most accurately is strong emotional intelligence. This has been the case in the past, and it will continue to be critical to the success of real estate managers. Inherent in this skill is the ability to know yourself, to know your audience (clients, co-workers, supervisors, vendors, etc.), and to most effectively deliver communication that is clear, considerate of the audience, and empathetic. Employees that have this skill are better practitioners, better team members, and better leaders. They form stronger relationships, manage conflict more effectively, and grow their circle of influence. In competitive markets, if the "tide goes out," these are the individuals that build a personal reputation and loyalty that make their presence even more critical to the success of the organization.
In addition to emotional intelligence, two hard skills that will benefit young graduates are financial and technical competencies. The ability to comprehend the big picture of their role, expressed in dollars and graphs, will enable them to more effectively communicate with supervisors and correlate their daily activities with the mission and objectives of the organization. Being able to identify trends, variances, correlations, and causations in the spreadsheets will make their work as practitioners more effective and signal to their supervisors the higher level of thinking required for promotions in this industry. Technical competency will also continue to play a critical role in moving forward. Communication and financial skills are often expressed through the use of technical tools, including spreadsheets, virtual communication apps, presentation and design software, and property management and marketing solutions. Graduates with a strong grasp of technology and an ability to quickly learn new systems will be better able to demonstrate and communicate their value in a professional way.
Terry Fields: Technology has been a tool for this field in development, marketing, facilities management, financial analysis, and administration. In the next five years, there will be a continued shift toward electronic signatures and document solutions, artificial intelligence and virtual/augmented reality in marketing, and smart building systems, including sustainability, security, monitoring, and unit amenities. One of the trending topics today is how the COVID-19 pandemic might reshape the landscape for how employees work moving forward and the implications that would have on the commercial and residential industries. If employees can be as productive working remotely as they can in an office, why should companies carry the overhead of commercial leases or assets? Similarly, if people are not tethered to their employer and office location, how might their housing decisions change?
Another popular topic that has been developing, well before the pandemic, is the role of retail property in the rise of e-commerce. Most people agree that retail property has a place in the omnichannel of retailers, but how it looks and functions moving forward will be impacted by the digital space. In the end, people need a place to live, and companies need space to operate, manufacture, store, distribute, and sell goods/services. What that space looks like, how it is owned and operated, and where it is located will shift as technology and the general economy shift. Five years is a short timeline for real estate, but current trends may start the progression toward larger shifts in the industry.
Terry Fields: One of the wonderful things about working in real estate is that it is literally everywhere. Furthermore, real estate management involves the overseeing of existing real estate assets that require management, despite conditions in the general economy (within reason). Therefore, positions in this industry tend to be less cyclical or location-dependent. The real estate market lags behind the general economy, so real estate growth will tend to follow in areas of job growth, population growth, and the subsequent real estate development to meet the business and housing needs. Over the past several years, development phases have been seen all over the country, including Seattle, Austin, Nashville, and Boston. The industry consistently posts more career availability than candidates, and a graduate that is flexible and able to remain mobile is more likely to see their career progress more quickly and with greater options.
Terry Fields: One of the wonderful things about working in real estate is that it is literally everywhere. Furthermore, real estate management involves the overseeing of existing real estate assets that require management, despite conditions in the general economy (within reason). Therefore, positions in this industry tend to be less cyclical or location-dependent. The real estate market lags behind the general economy, so real estate growth will tend to follow in areas of job growth, population growth, and the subsequent real estate development to meet the business and housing needs. Over the past several years, development phases have been seen all over the country, including Seattle, Austin, Nashville, and Boston. The industry consistently posts more career availability than candidates, and a graduate that is flexible and able to remain mobile is more likely to see their career progress more quickly and with greater options.
