With time running out for the commercial real estate industry to address a looming exodus of building engineers entering retirement, Transwestern is laying groundwork to recruit, train and retain the team members who will manage and operate its properties in the years ahead.
Demographers have long warned that baby boomers, born between 1946 and 1964, will disrupt an array of industries as they exit the workforce. Commercial property management is already experiencing the beginnings of what will become an ongoing, critical shortfall of talent as large numbers of facility management professionals retire, according to a series of reports by the International Facility Management Association and Royal Institute of Chartered Surveyors.
