Apartment Industry Job Openings Continue At High Levels

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Apartment industry job openings, especially for leasing consultant positions, topped the 1,000 mark in the April edition of the  National Apartment Association Education Institute (NAAEI) Apartment Jobs Snapshot.

This comes right before the most recent numbers of employment increasing by 223,000 jobs in May, well above the estimate of economists,  and a drop in the unemployment rate to 3.8 percent, according to the U.S. Bureau of Labor Statistics.

The number of openings in the apartment industry was in line with a recent release from the Bureau of Labor Statistics, which reported that job openings across the country were at their highest levels ever recorded.

Top openings in leasing consultant positions were driven by openings in Dallas, DC, LA, Houston and Atlanta, according to the report.

Columbus tops in property manager openings

Apartment Industry Job Openings Continue At High Levels

Columbus, Ohio topped the property manager/community manager listings with the highest concentration of those available jobs at 24 percent. Projected state-wide employment growth in those jobs from 2016 through 2026 is project at 5.6 percent.

The Nashville MSA had the greatest percentage of apartment jobs compared to total real estate jobs, with multi-national firms and local and regional players vying for the same talent.

This month’s snapshot highlights the property manager/community manager position, in demand across the country, notably in Florida markets.

Apartment Industry Job Openings Continue At High Levels

Cincinnati And Northern Kentucky

The Cincinnati, Northern Kentucky and Indiana metropolitan statistical area showed total real estate jobs in April of 126, with 32 apartment jobs postings representing about 25 percent of all the real estate jobs openings in the area.

Apartment Industry Job Openings Continue At High Levels

Background on NAAEI monthly apartment industry job openings report

Apartment Industry Job Openings Continue At High Levels

The new jobs report which began in 2018 focuses on jobs that are being advertised in the apartment industry as being available, according to Paula Munger, Director, Industry Research and Analysis, for the National Apartment Association’s Education Institute.

“Our education institute is a credentialing body for the apartment industry. They hear often that one of the biggest problems keeping our industry leaders up at night is the difficulty in finding talent, attracting talent and retaining talent,” Munger said.

“Labor-market issues are happening in a lot of industries, certainly with the tight labor market we have,” she said.

So NAA decided to partner with Burning Glass Technologies. “They have a labor-job posting database that is proprietary,” she said, and they can “layer on data from the Bureau of Labor Statistics (BLS).

“We looked at that and thought we could do something that is really going to help the industry and help benchmark job titles and trends as we go forward.”