ATLANTA, GA April 14, 2015 -- DTZ, a global leader in commercial real estate services, has become the second corporate real estate service provider to use data from BenchCoRE, CoreNet Global’s exclusive benchmarking service.
BenchCoRE is a unique technology-based service for the corporate real estate profession. A CoreNet Global initiative, BenchCoRE tracks corporate real estate data such as utilization and lease rates, as well as other metrics that allow corporate real estate professionals to chart their successes compared to peer groups.
“Data from BenchcoRE will inform our key decisions and help us to provide timely and accurate advice to our clients, corporate real estate end-users and occupiers,” said Greg Schementi, Executive Vice President, DTZ. “Data is central to making smart, informed decisions, and BenchCoRE provides a unique experience in our industry for accessing timely information.”
“We are pleased that DTZ, one of corporate real estate’s most prestigious and respected service providers, will benefit from BenchCoRE,” said Angela Cain, CEO of CoreNet Global. “The information that DTZ uses and processes will demonstrate the power of knowledge that BenchCoRE provides.”
BenchCoRE currently has nearly 120 million square feet of space, over 3,600 global locations and close to 100 countries already in its database. BenchCoRE is now working with 15 companies that are in various stages of the data collection and normalization process adding significantly to the indicated metrics.
BenchCoRE, launched in the fall of 2013, currently has close to forty (40) companies that have agreed to participate. These companies provide their real estate portfolio data to BenchCoRE. The data is then normalized using BenchCoRE’s proprietary definitions and algorithms. This process ensures that data from all companies is standardized and provides actionable peer-to-peer comparisons – whether by industry, ownership status, geography, asset type and more.
DTZ is a global leader in commercial real estate services providing occupiers, tenants and investors around the world with a full spectrum of property solutions. The company’s core capabilities include agency leasing, tenant representation, corporate and global occupier services, property management, facilities management, facilities services, capital markets, investment and asset management, valuation, research, consulting, and project and development management. DTZ provides property management for 1.9 billion square feet, or 171 million square meters, and facilities management for 1.3 billion square feet, or 124 million square meters. The company completed $63 billion in transaction volume globally in 2014 on behalf of institutional, corporate, government and private clients. Headquartered in Chicago, DTZ has more than 28,000 employees who operate across more than 260 offices in 50 countries and represent the company’s culture of excellence, client advocacy, integrity and collaboration. For further information, visit: www.dtz.com or follow us on Twitter @DTZ.
About CoreNet Global
CoreNet Global is the world’s leading professional association for corporate real estate (CRE) executives with strategic responsibility for the real property used by multinational corporations for their own operations. CoreNet Global’s more than 9,500 members, who include 70% of the top 100 U.S. companies and nearly half of the Global 2000, meet locally, globally and virtually to develop networks, share knowledge, learn and thrive professionally. For more information, please visit www.corenetglobal.org.