Report: Veteran Commercial Real Estate Pros Face Tougher Future

Texas and Florida will gain on New York and Chicago in commercial real estate job growth in 2009, according to a new report (PDF) from Cornell University and

Texas is neck-and-neck with New York, trailing by only one percent in commercial real estate job postings, reflecting the underlying strength of the Texas markets being fueled by the oil industry. Interestingly, New York City lost more ground in August, with only 11 finance jobs posted.

And the financial crisis isn't helping matters, particularly for veteran commercial pros, including ones in Manhattan's C-suites. The report dooms those who came up in the 1990s to obsolescence or, at the least, to a struggle to learn new skills.  read more »

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