Evolving Workforces
C-suites leverage CRE to enable the core business
CBRE & CoreNet Global surveyed 186 real estate executives on their management practices. Here is what we found.
February 13, 2023 3 Minute Read
About this study
Participate in CoreNet Global and CBRE’s 2023 Research: Managing Corporate Real Estate
CBRE Institute’s and CoreNet Global’s multi-year longitudinal research project partnership monitors both established and emerging practices in the Corporate Real Estate (CRE) industry. This year’s study surveyed 186 CRE leaders in H2 2022. Respondents oversee combined portfolios of nearly 1.6 billion square feet worldwide, with an average portfolio size of 17.2 million square feet and an average team size of 173 full-time employees.
Insights will be released in a 5-part series throughout Q1 2023.
This segment focuses on CRE mission and key objectives.
Overarching Themes
Top three CRE objectives: enabling the core business, creating collaborative workspaces and driving cost savings
Top transformational CRE initiative: the workplace of the future
Many CRE teams are involved in confidential, strategic M&A activity at the earliest stages
CRE’s elevated mission and purpose
2022 saw CRE’s mission and purpose elevated to new heights. C-Suites around the world are connecting the dots between CRE and its ability to enable the core business—whether through financial value, talent recruitment and retention, decarbonization, or risk mitigation.
Beyond core business enablement, creating collaborative workspaces and driving cost savings round out the top three CRE objectives.
How would you describe the primary mission and priorities of your CRE organization?
Respondents selected their top five.
Source: CBRE and CoreNet Global annual study, Dec. 2022.
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Key initiatives
Strategic M&A activity
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