More real estate jobs in Connecticut to be added

Posted on March 11, 2012

Many more real estate jobs in Connecticut are expected to be added, according to a new survey.

The survey of real estate companies conducted by Ferguson Partners Ltd., a global executive recruitment consultancy, finds that 61% of all respondents anticipate adding to their workforce in 2012 – a jump of nearly 70% from two years ago, when only 36% planned to increase hiring.

“The hiring demand is much stronger than most people in the real estate industry anticipated. It looks like most of the growth will be in middle management and entry level positions, which is a reflection of firms rebuilding infrastructure after the 2008 meltdown,” said William J. Ferguson, Chairman and Chief Executive Officer of Ferguson Partners Ltd. “From a global perspective, the U.S. is showing some momentum, Europe is unsteady and the impact of China’s economic slowdown on Asia is an unknown. Yet, despite ongoing challenges around the globe, an abundance of capital flow is helping to increase demand for investment and other talent.”

The 2012 Global Hiring Forecast is based on the responses of over 120 professionals, including CEOs and other senior-level executives from companies active in commercial property investment and commercial mortgage lending, along with a sampling of respondents from investment banks, REIT securities, law firms, corporate real estate groups, and pension funds. Ferguson Partners Ltd. conducted the annual international survey from November 1, 2011 through December 15, 2011 with executives representing real estate firms across North America, Europe and Asia.