Salaries for corporate real estate professionals increased by an average of 6 percent from 2021 to 2022, according to a new survey released by CoreNet Global and Ferguson Partners.

Eighty-six (86%) of participants received an increase in their base salary between 2021 and 2022. Additionally, 76% of participants expect to receive an increase between 2022 and 2023.

According to the survey report, sixty-one percent (61%) of participants received an increase in their annual incentive (cash bonus) award payout in 2021 (when compared to 2020), with a median increase of 15%. During this same period, 9% of participants saw a decrease – with a median decrease of 25% – while 30% saw no change in their annual incentive award payout.

Looking ahead, most participants are equally likely to anticipate either an increase (42%) or no change (44%) in 2022 bonus payouts compared to 2021. Slightly more participants are expecting bonus decreases (14%). Of those expecting increases, the median projected increase amount (7%) is half of what was reported for 2021.