In a recent survey of corporate real estate executives at corporations globally, 87 percent reported that their base salary increased from 2017 to 2018, by an average of 5.3 percent. In addition, 80 percent projected further increases of roughly 4 percent on average in 2019, according to a survey conducted by CoreNet Global and FPL Associates.

Total annual remuneration, including long-term incentives, for a global head of corporate real estate was $385,000 in 2018, compared to $339,000 in 2017.

“Salary increases continue to be the predominant practice for CRE and other real estate sectors. The prevalence of bonus increases, however, continues to be split between firms indicating increasing awards (~50%) and no change from the prior year. We have found this is largely due to firms indicating that performance based incentives are falling at or near target,” said FPL Associates.

“We know that corporate real estate for the last several years has become an increasingly strategic function within the corporate hierarchy, which is why compensation levels have been consistently increasing year to year,” said Tim Venable, Senior Vice President at CoreNet Global. “This year in particular, CoreNet Global completed FutureForward 2025, which is a projection of how the profession will continue to evolve and how CoreNet Global will respond. We believe that corporate real estate will become a broader function that encompasses the overall employee experience.”