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. 

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.

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.