Publications

- May 1, 2026: Vol. 38, Number 5

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Talent as capital: A slower hiring market offers real estate firms a rare opportunity to strengthen teams for the next cycle

by Hillary Shine

Several years ago, our firm published an article titled “Investing in Human Capital.” The central theme was simple: Organizations that approach hiring with the same discipline and long-term perspective as an investment decision tend to achieve stronger, more durable outcomes. We continue to believe this approach remains a winning formula for employers across all market cycles.

The prevailing sentiment across the commercial real estate industry is that hiring has slowed. Reduced transaction volumes, tighter capital markets and general uncertainty have led many to assume that attracting talent has become easier. From our vantage point in the executive recruiting arena, however, that has not been the case. Firms with strong balance sheets, capital to deploy — albeit

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