Thoughts Moving Careers/Jobs in this Economy (Q2 '22)
I'm an architect who works primarily with real estate developers. One of my clients has recently offered me a great opportunity to join their company at a director level. The company, people, and work are great. A few years (maybe even a few months) ago I wouldn't have thought twice before saying yes. (always been interested in jumping to the other side of the table).

Curious what people think CRE's outlook is over the next 6-12-24 months. Are interest rates and a potential recession going to really slow things down to the point that CRE firms are going to be laying people off?... I just don't want to be the last one in the door and first one out, especially since my wife is pregnant right now. I think it could be a great long term decision, but worry about the short term.

Appreciate any insights!
[{"id": "idjhife", "text": "What market are they in?", "replies": [{"id": "idjj1qs", "text": "About 60% MF/BTR, 20% office/MU, 20% industrial\u2026 spread mostly across the sunbelt (NC GA FL TX AZ) plus CO and DC", "replies": [{"id": "idjtov6", "text": "&gt;About 60% MF/BTR, 20% office/MU, 20% industrial\u2026 spread mostly across the sunbelt (NC GA FL TX AZ) plus CO and DC\n\n(This was my reply... not sure how I have two reddit accounts)", "replies": [{"id": "if6dndj", "text": "Sounds promising.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "idjyxmx", "text": "I am 24, so context I am younger to this industry as a broker. I work for an extremely successful GC company as their primary broker. I also have a deep family background in RDE, mainly in MF and Industrial developments. As a result, I am a partner in certain MF and Industrial and have sat in on high capital deals. Location is obviously a factor within this equation. MF and Industrial at least where I live are still going strong. Things will inevitably slow down. \n\nAll the high level connections I know went through and survived 2007-2009. However, I would take the position if you feel it is a career advancement. Also recommend thinking about a contingency plan jut in case things don't work out. BUT, my mentors came out of the 2007-2009 recession better off in the long run. They had survived while all others washed out, and a result where in a much better business/financial situation after the market recovered. If you want to transition, now would be the time. Get the job as a director level position and you should have a high level of job safety. If you were going for an entry level position, it would be different. \n\nLots to think about, hope my young but somewhat experienced insight helps man.", "replies": [], "depth": 1}]