What Young Talents Want
By Jackie Siegmund, NAREIM Jeff Barclay Fellow
It takes more than a brand name and cash to attract and retain young real estate talent — inspiring managers and a visible career path are equally, if not more, important for the industry’s next generation.
The year of the ‘Great Resignation,’ as 2022 was known, featured a labor market unlike any in recent history. A record 50.5 million people in the United States quit their jobs, and, because of a surplus of roles, had no trouble finding new ones. This led wages to increase at their fastest pace in decades, making it extremely difficult for companies to retain employees. The real estate industry was not immune.