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) are companies that own a portfolio of real estate and other investments. REITs are listed on public stock exchanges, which means they can be bought and sold like other shares of stock. In exchange for allowing investors to buy shares in the company, REITs pay out dividends based on how much money they earn off their holdings. As such, REITs are considered pass-through entities because they don't pay corporate income taxes—the taxes fall directly onto investors instead. While there's no perfect way to measure how many people work as either property managers or investment managers in this field, we can get a rough idea by looking at employment figures for related industries like "real estate agents" and "real estate appraisers" (which is another job title that sometimes overlaps with REIT work).
IN THE UNITED STATES, THE NUMBER OF JOBS IN REITS IS RELATIVELY SMALL.
In fact, according to a recent study conducted by the U.S. Bureau of Labor Statistics (BLS), there are only about 1 million people working in this industry nationwide--a figure that's expected to remain consistent throughout 2022. However, it should be noted that employment growth within this sector isn't expected to be as robust as other industries: The BLS predicts an overall increase by 2.3% during that same period.
ARE REAL ESTATE INVESTMENT TRUST GOOD CAREER OPTION?
REITs offer a wide range of career opportunities. You can become an accountant, controller or financial analyst with relative ease. The job market for these positions is strong and it's likely that you will find a position quickly if you have the right qualifications.
The average salary for this group is $80K per year, which makes it one of the highest paying industries in the country by comparison to others (see chart below).
HOW MANY JOBS ARE AVAILABLE IN REAL ESTATE INVESTMENT TRUSTS?
In general, the number of jobs in the real estate investment trust industry is relatively small. According to a recent report from the Bureau of Labor Statistics (BLS), there were about 7,400 people employed by REITs in 2018. This represents less than 0.1% of all jobs in the U.S., though it does include both full-time and part-time positions.
The BLS expects this number to remain consistent throughout 2022 due to strong demand for commercial real estate services among businesses and investors alike; however, if things change dramatically (like another recession), then we could see an increase in layoffs at some point between now and then.
Real estate investment trusts are a popular way for investors to get exposure to commercial properties while avoiding many risks associated with buying physical property directly from developers or sellers like yourself
HOW MANY JOBS ARE AVAILABLE IN REAL ESTATE INVESTMENT TRUSTS?
In the US, the number of jobs in REITs is relatively small. There are approximately 9,000 people employed by REITs in the US and this number is expected to remain consistent throughout 2022.
The average salary for any given profession depends on a number of factors. For example, the industry in which you work can have a significant impact on your pay. As you can see from the chart below, accountants earn more than most other professions.
THE RESPONSIBILITIES OF AN INVESTMENT MANAGER IN A REIT MAY INCLUDE:
As an investment manager, you will be responsible for managing portfolios and researching investment opportunities. You'll need to determine the best way to invest, monitor investments and evaluate performance.
There are many reasons for this, but the most significant reason is that REITs do not require a large number of employees to operate. They can be run by relatively small teams that include directors and management personnelIn this role, you'll work with clients to develop and implement financial plans that help them achieve their specific goals. You may be responsible for managing assets and overseeing the investment process, or you may handle more administrative tasks like preparing client statements..
THE RESPONSIBILITIES OF A PROPERTY MANAGER IN A REIT MAY INCLUDE:
As a property manager for a REIT, you'll have many responsibilities. You may be in charge of hiring and managing staff, collecting rent payments from tenants, overseeing maintenance and repairs to the property and its grounds, as well as handling any complaints from tenants.
Property managers also help their clients make money by finding ways to cut costs or increase revenue at their properties. For example: If there are vacancies at one building but not another nearby building owned by the same landlord (or REIT), then it might make sense for that landlord/REIT to move some tenants over so they can fill up both buildings with paying customers rather than just one building--and collect more income overall!
The number of workers employed by REITs will remain consistent throughout 2022. The number of workers employed by REITs is expected to increase steadily over the next five years, with a projected growth rate of 2% from 2019-2023.
With continued momentum and growth, there may be more job opportunities available in this sector than many people realize. According to the Bureau of Labor Statistics (BLS), there were only about 11,000 jobs available in real estate investment trusts during 2017--and that number is expected to remain consistent throughout 2022.
However, with such a small number of employees working within REITs it's important to know what kind of work an investment manager does before deciding whether or not this type of career path would suit you best!
READ ALSO: REAL ESTATE MOBILE APP DEVELOPMENT COST ESTIMATION AND KEY FEATURES
CONCLUSION
REITs are a great way to invest in real estate, but they aren't the only way. If you're interested in this industry and want to know more about how many jobs are available, check out our resource library at FinViz.com!
