“They have long been considered the office librarians: quiet sorts who toiled away in the corner assembling quarterly reports or dull slide-shows. Now research staff at commercial real estate firms are coming out of the shadows, with beefed up staff, responsibility and visibility as services firms try to provide clients with more rapid and expert analysis.”
This positive statement from the Washington Post Journalist, Jonathan O’Connell is not only encouraging but is also entirely accurate. At Cobalt, we are witnessing increasing levels of hiring activity within the real estate research and forecasting market. Whilst jobseekers are not taking unnecessary risks, the growing need for in-depth, technical reports and a high level of expert knowledge provides an interesting market for talented researchers to take on new challenges.
With the uncertainty surrounding the Eurozone crisis, businesses are placing more importance on the creation of up-to-date, accurate forecasts and market reports. These stringent requirements mean that individuals with a true blend of qualitative and quantitative research and analysis skills are highly sought after in order to meet deadlines effectively and efficiently.
With larger consultancy firms either establishing or growing research teams, this is also triggering a domino effect with investment houses and the more niche, entrepreneurial property companies are demanding this popular service “in-house”.
*O’Connell, J, 2012. ‘Real estate witnesses the rise of the researchers’, Washington Post (online).
Available at: http://www.washingtonpost.com/business/capitalbusiness/real-estate-witnesses-the-rise-of-the-researchers/2012/06/18/gJQAI8lOlV_story.html