Compensation for Corporate Real Estate Professionals Grows as the Pandemic Redefines the Workplace
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Compensation for Corporate Real Estate Professionals Grows as the Pandemic Redefines the Workplace

David Harrison
CoreNet Global
410.804.1728
david@harrisoncommunications.net


March 19, 2021

Total annual compensation for corporate real estate professionals globally has steadily increased over the last five years, and the pandemic has most recently redefined the role of determining where and how people work, according to a survey conducted by CoreNet Global and Ferguson Partners.

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From 2018 to 2019, annual cash compensation and total cash remuneration saw the biggest jumps in the history of the survey from $256,000 and $307,000 to $462,900 and $658,969 respectively.

Looking ahead, 38% anticipate further increases in 2020. Of those, respondents predict an increase of 17 percent.

“While the pandemic necessitated a temporary shift to remote work, many companies are now considering how to permanently expand their virtual workforce. This allows firms to consider a wider range of talent, including those not living near physical office locations,” said Austin Morris, Managing Director, Compensation Consulting, Ferguson Partners.

YEAR

Average Total Annual Cash Compensation

 

AVERAGE TOTAL REMUNERATION

2019

$462,900

$658,969

2018

$256,000

$307,000

2017

$286,000

$385,000

2016

$276,000

$339,000

2015

$280,000

$315,000


Respondents to this year’s survey included 134 professionals (end-users or occupiers of corporate real estate) at 122 large corporations in the U.S., Asia, Europe, Latin America, Canada and Australia/New Zealand.

On average the companies employed a total of 42,567 people with an average of 85 working in the corporate real estate department.

Media may request a free copy of the survey, please contact David Harrison, david@harrisoncommunications.net or +1 410-804-1728.

About CoreNet Global

CoreNet Global is a non-profit association, headquartered in Atlanta, Georgia (US), representing more than 11,000 executives in 50 countries with strategic responsibility for the real estate assets of large corporations. The organization’s mission is to advance the practice of corporate real estate through professional development opportunities, publications, research, conferences, designations and networking in 46 local chapters and networking groups globally. For more information, please visit www.corenetglobal.org or follow @CorenetGlobal on Twitter.

About Ferguson Partners

Ferguson Partners, formerly FPL Associates, provides a range of specialized compensation and management consulting solutions to a select group of related industries. As part of our compensation services, we assist clients in the assessment, design, and implementation of compensation programs for professionals and Board members. We specialize in crafting performance management and reward systems that align management interests with the achievement of strategic business objectives. For more information, please visit www.fergusonpartners.com.

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