In a recent survey of corporate real estate executives at corporations around the globe, 81 percent reported that their base salary increased from 2015 to 2016 by an average of 4.6 percent. In addition, 75 percent projected further increases in 2017, according to a survey conducted by CoreNet Global and FPL Associates.

"Projected increases for 2017 are more conservative than we have seen in years past. This is consistent with what we are seeing across the real estate industry," says Lindsay Pankratz, survey director at FPL Associates.

The average total annual cash compensation for a head of corporate real estate globally was $280,000 in 2016 compared to $265,684 in 2015, an increase of more than 5 percent. Since 2012, the average total annual compensation for a head of corporate real estate has increased by more than 20 percent. In North America, the average total annual cash compensation was $292,000 in 2016, nearly 9 percent higher than a year earlier.  

Overall, nearly half of participating companies reported an increase in annual cash bonuses; just 22 percent reported that annual cash bonuses had decreased.

"Corporate real estate is increasingly viewed as a key strategic resource that the corporation can leverage to achieve its business goals," says Tim Venable, senior vice president at CoreNet Global. "Examples include higher levels of employee retention and attraction, a greater commitment to sustainability, lower energy costs, increased flexibility in uncertain times and reduced operational risk."

Source: CoreNet Global

Back to The Power Broker Report Newsletter >>