Evolving Workforces
Digital transformation is becoming a key initiative for innovative CRE teams
CBRE & CoreNet Global surveyed 186 real estate executives on their management practices. Here is what we found.
March 24, 2023 3 Minute Read
About this study
Participate in CoreNet Global and CBRE’s 2023 Research: Managing Corporate Real Estate
CBRE Institute and CoreNet Global have partnered for many years on a longitudinal research project, which monitors both the established and emerging practices within the Corporate Real Estate (CRE) industry. This year’s study surveyed 186 CRE leaders during the latter half of 2022. Respondents oversee combined portfolios of nearly 1.6 billion square feet worldwide, with an average CRE organization of 173 full-time employees and an average portfolio size of 17.2 million square feet.
Additional insights will be released in a 5-part series throughout Q1 2023.
This segment focuses on technology and analytics.
Overarching Themes
Most CRE teams leverage a combination of internal and service provider technology to comprise their overall technology, data and analytics landscape.
CRE most commonly leverages data for strategic portfolio analysis, operational reporting and business-unit engagement.
While fewer CRE teams currently use data for predictive analytics, digital transformation to achieve next-level value is becoming a major focus for forward-thinking CRE teams.
CRE technology strategy
The most common CRE technology strategy remains a hybrid approach, which combines both internal and external technology solutions. In the last 12 months, there has been a 9% increase in CRE teams accessing technology through their service provider/partner—27% versus 18% in 2021.
What statement best describes your CRE technology strategy?
Source: CBRE and CoreNet Global annual study, Dec. 2022.
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