How Many Jobs Are Available in Real Estate Investment Trusts?

how many jobs are available in real estate investment trusts

Real estate investment trusts (REITs) represent a large and rapidly growing industry that offers abundant career opportunities across diverse real estate segments. This article will provide an expansive look at how many jobs are available in real estate investment trusts.

Total REIT Jobs in the United States

According to data from the National Association of Real Estate Investment Trusts (NAREIT), approximately 274,000 people are currently employed by REITs across the United States. Industry analysts expect this number to continue rising as REITs expand in coming years.

REIT Jobs by Commercial Real Estate Sector

REITs specialize in different types of commercial real estate, ranging from office buildings to warehouses. Here is a detailed breakdown of current REIT jobs by specialty area:

  • Office Space REITs – 52,000 jobs
  • Jobs include office property managers, leasing agents, construction coordinators, space planners, and asset managers focused on optimizing office space.
  • Retail REITs – 48,000 jobs
  • Jobs include retail property managers, lease administrators, tenant coordinators, mall operations staff, and specialty asset managers for shopping centers.
  • Residential REITs – 43,000 jobs
  • Jobs include residential property managers, leasing consultants, maintenance technicians, community association managers, and residential asset managers.
  • Industrial REITs – 39,000 jobs
  • Jobs include industrial property managers, commercial real estate analysts, logistics coordinators, building engineers, and specialty asset managers for warehouses.
  • Healthcare REITs – 35,000 jobs
  • Jobs include healthcare facility managers, lease analysts, medical building property technicians, hospital space planners, and healthcare asset managers.
  • Specialized REITs – 57,000 jobs
  • Jobs support specialty REITs in areas like cell towers, data centers, infrastructure, and mortgages.

Key REIT Job Functions

Within each real estate sector, REITs require professionals to fill these essential roles:

  • Investment Analysis and Portfolio Management
  • Property Operations and Asset Management
  • Marketing, Investor Relations, and Public Relations
  • Accounting, Finance, and Tax Planning
  • Legal Counsel and Regulatory Compliance
  • Human Resources and Administrative Support

In summary, to answer the question “how many jobs are available in real estate investment trusts ?” real estate investment trusts offer abundant job opportunities spanning approximately 274,000 current employees with potential for further growth in the years ahead. Positions exist across diverse specialty areas and key functions. Those interested in REIT careers should focus on gaining relevant real estate industry expertise coupled with foundational financial analysis skills. The outlook remains strong for rewarding careers within real estate investment trusts.

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