Most Corporate real estate professionals got a raise last year

by Steve Randall14 Feb 2020

Corporate real estate executives saw an average increase in their compensation of 4.7% in the fiscal year 2018-19 according to a new report.

That means that those working in corporations globally with strategic responsibility for real estate, saw their average annual compensation package increase by more than the 4% average across all US workers.

The average total remuneration for a head of global real estate was $307,000.

The survey was conducted by CoreNet Global, a non-profit that represents 11,000 corporate real estate executives across 50 countries, and consulting firm FPL Associates.

In this year's survey, 146 end user companies were represented, including Cisco Systems, Hilton Worldwide Holdings Inc., Standard Chartered PLC, as well as numerous other Fortune 500 companies.

Almost 8 in 10 respondents said they received an increase in 2018-19 and 73% said they would receive a further increase in the 2019-20 fiscal year with an average 4.1% predicted.

In addition, 42% of participants received an increase in their annual incentive (cash bonus) award pay-out in 2018 (when compared to 2017).

The survey shows that automobile allowances, tuition reimbursement, and dependent care resources are among the most valuable perquisites.

More market update: