CORPORATE REAL ESTATE COMPENSATION CONTINUES TO RISE IN 2024

ATLANTA, March 13, 2025 /PRNewswire/ -- Corporate real estate professionals saw continued increases in compensation in 2024, according to the newly released CoreNet Global End User Compensation Survey, conducted in partnership with Ferguson Partners.

The survey, conducted in the third quarter of 2024, provides insight into compensation trends, base salaries, incentive structures, and benefits for corporate real estate professionals. This year's survey received responses from 107 End User members, representing 99 organizations, including numerous Fortune 500 companies.

Among the key findings:

• Base Salary Growth: Seventy-eight percent (78%) of participants reported an increase in their base salary between 2023 and 2024, with a median increase of 3.8% and an average increase of 4.8%.
• Future Expectations: Seventy-nine percent (79%) of participants anticipate receiving a salary increase in the coming year.
• Annual Incentives: Fifty-one percent (51%) of participants received an increase in their annual incentive (cash bonus) award payout in 2023 compared to 2022, with a median increase of 15%. While 21% of participants reported a decrease, the median decline was 18%.
• Long-Term Incentives: Forty-eight percent (48%) of participants saw an increase in their long-term incentive award payout in 2023, with a median increase of 10%. Looking ahead, 58% of participants expect these awards to remain unchanged, while 29% anticipate an increase.

"As corporate real estate continues to play a vital role in business strategy and workplace evolution, the value of these professionals is reflected in continued compensation growth," said Scott Wiley, CAE, CEO of CoreNet Global. "The results of this year's survey reinforce the critical nature of this industry and the increasing importance of corporate real estate leaders in shaping the future of work."

The survey also explored additional perquisites provided to corporate real estate professionals. The top reported benefits include:

1. Mobile device/Internet reimbursement
2. Tuition reimbursement
3. On-site fitness/Health club membership
4. Parking/Commuter benefits
5. Subsidized meals/Cafeteria

The 2024 CoreNet Global End User Compensation Survey continues to serve as a benchmark for industry professionals, helping organizations design competitive compensation programs to attract and retain top talent.

About CoreNet Global
CoreNet Global is the leading association for corporate real estate professionals, representing nearly 10,000 members in 50 countries worldwide. The organization provides education, networking, and research to support industry professionals in navigating workplace and business challenges.

For more information, please visit corenetglobal.org.

About Ferguson Partners
Ferguson Partners is a global talent management boutique that orchestrates the essential disciplines impacting human capital—including executive and board recruitment, compensation consulting, diversity, equity & inclusion, leadership consulting, and management consulting—to deliver strategic solutions that help clients capitalize on the advantages of great leadership.

For more information, please visit fergusonpartners.com.

SOURCE CoreNet Global