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The National Apartment Association Education Institute (NAAEI) now issues monthly reports called the Apartment Jobs Snap
shot. The report includes an overview of the job market as well as a special highlight for a key position within the industry.
Creating the Report
The report addresses concerns faced by NAA members for years: a lack of comprehensive employment data and a shortage of accessible resources on our industry.
Paula Munger, Director, Industry Research and Analysis explains, “We hear often from our members how challenging it is to attract, recruit and retain talent in this very competitive environment. There is a shortage of labor in the apartment industry as it continues growing in this cycle. As the Snapshot evolves over time, it can be used as a benchmarking tool based on location, job title, salary, time to fill and any number of other variables.”
Rather than presenting a white paper, the NAAEI report features engaging infographics that are colorful, informative, and concise.
“Since it’s basically real-time data, the goal is to release it as soon as we can at the close of every month,” says Munger. “We wanted a very easy-to-digest, quick ‘snapshot’ of the current apartment job market.”
First Edition Higlights
The first report, issued in February, shows over 4,600 jobs are available in the nation’s apartment industry. That’s an 18 percent increase in job postings over the previous month.
Demand increased across the board but particularly for maintenance supervisors. There are more than 580 job listings for maintenance supervisors spread across the United States. Next in demand came leasing consultants with more than 530 job postings.
Some cities carry the bulk of job demand. Denver leads the percent of total real estate jobs in top metros with a staggering 48 percent. Denver is followed by Phoenix at 45 percent and Seattle at 41 percent.
Interestingly, none of those cities top the list of markets with the highest concentration of leasing job openings. The Apartment Jobs Snapshot drilled down into the leasing consultant listings to reveal that Detroit, Washington D.C., and Raleigh have the highest quantity of postings. For more details on occupancy rates and market activity, check out recent reports from Yardi Matrix.
In-demand leasing consultants have a variety of employment options from which to choose as well as opportunities for advancement. The mean salary for leasing consultants is $59,360 though mean job posting salary is $39,235. The range confirms that there is plenty of room for growth within the position.
Looking Forward
As the NAAEI continues to develop the Apartment Job Snapshot, it will include both monthly infographics and more expansive quarterly analyses.
“At the close of each quarter, the Apartment Jobs Snapshot will have more written analysis for those who want to delve deeper into some of the more insightful findings,” says Munger.
For additional information, view the complete Apartment Jobs Snapshot.
