Faculty members will address the commercial real estate employment outlook and offer tips for job seekers through a free webinar on April 17.
WHAT: Experts from Rawls College discuss the employment outlook in a commercial real estate industry affected by COVID-19
WHEN: Friday, April 17, 2020 at 2:00 – 3:00 p.m.
WHERE: Zoom webinar
EVENT: Rawls Responds: Job Searches in Today's Commercial Real Estate Industry
The COVID-19 pandemic has left millions of Americans without work, and economists warn that the U.S. could see unemployment levels that have not been seen since the Depression. Experts from the Jerry S. Rawls College of Business will host a free panel-style webinar on April 17, 2020 to discuss the search for commercial real estate jobs during a period of instability and uncertainty.
Assistant Professor of Practice Jared Harrell of the Center for Real Estate will lead the panel discussion and will be joined by three industry professionals who are Rawls College alumni. Alumni panelists include: Dillon Donald, BBA in Finance 2016, of JLL; Preston Patterson, BBA in Finance 2017, of Clarion Partners; and Kenneth Barton, BBA in Marketing 2017, of Stryker.
The onset of the COVID-19 pandemic has brought a great deal of uncertainty to the commercial real estate industry. Current professionals may be completing transactions that began before the pandemic, but they aren't sure what the market will hold in the coming months, especially as buyers are reduced to virtual home tours due to strict stay at home orders or social distancing guidelines.
Harrell said that at its core, real estate is a service industry.
"During times of economic contraction, fewer transactions means less compensation to service providers,"
The pandemic has resulted in the withdrawal of many real estate job postings and hiring freezes.
"Employment in the real estate industry has already been significantly impacted by delayed or cancelled transactions, but the full magnitude of the COVID-19 impact will likely not be understood until April employment numbers are released."
The situation will undoubtedly add stress to the job search for college students who are set to graduate in May, but Harrell says countless successful careers have been built during difficult times.
"Challenges lead to opportunities and job applicants with this mindset will have an advantage against their competition," he said. "But they also have to understand that real estate is not a 'one-size-fits-all' industry. For example, the office and industrial sectors will respond very differently to the economic impacts of COVID-19."
Harrell hopes the webinar will provide practical advice for those seeking employment in the commercial real estate industry.
The webinar is free and open to the public but will be limited to 100 participants.
Zoom information:
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Or Telephone:
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Webinar ID: 141 077 950
CONTACT: Jared Harrell, jared.harrell@ttu.edu, (806)834-1827.