by Brianna Crandall — February 6, 2015—In a recent survey of corporate real estate (CRE) executives at large corporations globally, 89% reported that their base salary increased from 2013 to 2014, and 86% projected further increases in 2014, according to a survey conducted by worldwide CRE professional association CoreNet Global and consulting services group FPL Associates.
The average total annual compensation for a head of corporate real estate globally was $231,197 in 2014, compared to $209,693 in 2013, an increase of more than 10%.
“For several years now, we have been seeing compensation growing in our profession,” said Angela Cain, CEO of CoreNet Global. “We believe these increases are the direct result of corporate real estate professionals assuming more strategic roles and taking on more leadership positions within the corporation. Effective management of corporate real estate now encompasses finance, technology, workplace, and often the corporate brand itself.”
In the survey, which ranks numerous positions in addition to head of corporate real estate, 52% of the respondents received an increase in annual incentives/bonuses in 2013 compared to 2012, and 52% projected an increase for 2014 compared to 2013. The projected average increase in annual incentives is 14%.
Long-term incentive compensation also increased for many of the respondents. A full 57% reported increases in long-term incentives in 2013 compared to 2012, and 41% projected an increase in 2014 from 2013.
Participants reported receiving an assortment of “perks.” On average, participants received the most amount of money for home office expenses.
