Chances are, you probably never said: "I want to be a corporate real estate executive when I grow up." Discover a dynamic career you likely never knew existed – one that creates the spaces, places and experiences corporations require for business success.
Corporate real estate professionals have strategic responsibility for billions of square feet of property globally from acquisition through development and disposition. They are charged with anticipating and responding to their corporations’ space needs as a result of business growth, expansion or contraction. And yet, the profession is about so much more than real estate.
Corporate real estate is the real property used by non-real estate companies for their own business purposes. Think about it: Every corporation needs a place to conduct its business. Places for employees to work. Places for research and development. Places for manufacturing or distribution. Corporate real estate professionals drive location strategy, occupancy planning, portfolio management, space optimization, and workplace innovation to support business goals.
The physical spaces and places where work gets done are a vital part of a corporate brand, company culture – and the employee experience. Corporate real estate enables diverse talent attraction and retention, fosters flexibility and collaboration, encourages health and wellness, promotes sustainability, improves worker security and safety, and reduces business continuity risks. Corporate real estate professionals and the experiences they create play a vital role in advancing an organization’s mission and strategy.
More about careers in corporate real estate….
Corporate real estate professionals manage diverse real estate portfolios in multiple locations. They work in all classes of property, land, and buildings, including offices, data centers, manufacturing facilities, logistics centers, corporate headquarters, distribution facilities, retail stores and hotels.
Those who enter the profession are generally not REALTORS®, commercial brokers, developers or facility managers though they enlist or manage these professionals as well as other service providers such as architects, site selection consultants, economic developers, interior designers and the like to help support their overall portfolio operations and strategy.
Most corporate real estate professionals hold undergraduate or graduate degrees. Many have degrees other than real estate. Most training is provided after graduation by a professional association or hiring company.
1. Global Leadership
Serving a global company while respecting local customs and business practices is a vital part of a corporate real estate professional’s role. Understanding and respecting diverse political, economic, regulatory and social nuances of cross-cultural, cross-border working demands leadership with a world view.
Careers managing a corporation’s global real estate footprint demand strategic thinkers who can connect dots, see the bigger picture, anticipate change, embrace uncertainty and develop action plans that manage risk and ensure business continuity.
Corporate real estate, human resources, and technology are the top three expenses for most corporations. As such, strong financial management and business acumen are critical for a career managing real estate assets.
Corporate real estate professionals drive workplace innovation and transformations that are improving productivity, collaboration, employee engagement, and satisfaction. They also work to lower costs and increase competitive advantage for companies across all business sectors.
Artificial intelligence, robotics, blockchain, the internet of things and cybersecurity are top of mind for corporate real estate professionals who must leverage technology and data to manage complex property portfolios -- and protect company assets.
Driven by concerns about climate change and limited natural resources, sustainability is a baseline requirement for most corporations. Corporate real estate professionals are responsible for sizable environmental footprints and must take a proactive role in leading energy efficiency and reducing consumption.