Job postings for skilled property managers accounted for 30 percent of all apartment jobs in the fourth quarter of 2021, according to the National Apartment Association.
Robust apartment demand led to only an 0.7 percentage points increase in leasing job postings. In contrast, hard-to-fill maintenance jobs significantly declined by 2.2 percentage points, signally that companies have decided to hire vendors due to maintenance talent shortages and high turnover rates.
In fourth quarter 2021 edition of NAAEI’s Apartment Jobs Snapshot, apartment job listings comprised nearly 37.0 percent of available real estate positions during the fourth quarter of 2021, well above the five-year average of 33.1%.
”Amid the Omicron variant surge apartment job postings declined compared to the fourth quarter of 2020. The downward shift could represent the fact that companies are delaying the hiring process to reduce risk,” the report said.
“Yet, healthy occupancy levels and rent growth during the quarter resulted in job postings exceeding the five-year average by 3.6 percentage points. According to RealPage, occupancy rates stood at 97.4 percent and average effective rent soared to $1,629.
Dallas, Los Angeles, Seattle, Washington, D.C. and Denver ranked highest in concentration of apartment job availabilities.
Demand for student housing property management professionals was greatest in Austin, Columbus, Gainesville, College Station and Houston.