Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Events
  • Real Estate Awards
  • Subscribe
  • Publications
MidwestCRE

Top commercial real estate execs are earning more. Is this the sign of an industry in recovery mode?

Staff Writer April 5, 2017
Share on Facebook Share on Twitter Share on LinkedIn Share via email

If the wages of the commercial real estate industry’s top professionals is any indication, than the industry appears to be in the early stages of a recovery.

At least that’s what a new survey of corporate real estate executives suggests.

Nearly two-thirds, a total of 64 percent, of the participants in a comprehensive global survey of senior level corporate real estate and workplace executives reported that they received an increase in their base salary last year, according to CoreNet Global, a professional association for corporate real estate.

CoreNet along with FPL Associates administered the survey.

The survey also found that 74 percent of survey respondents said that they expect to receive another increase in their company’s 2010/2011 annual fiscal periods.

“Clearly this is a positive sign and consistent with broader real estate professionals industry wide”, said Jeremy Banoff, senior managing director at FPL Associates. “However it is important to note that such increases are taking place on relatively reduced levels from the prior year, and as such, compensation has not yet been fully restored to the pre-global financial crisis levels.”

The survey was conducted in late 2010 among 275 companies that lease or own corporate real estate.

The average base salary for a head of corporate real estate is about $175,000, according to the report.

Tags
Minnesota Real Estate Journal
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IllinoisCRE

Revised plans unveiled for Hawthorn Woods Town Center development

July 8, 2025
MichiganIndustrial

Friedman Real Estate closes sale of 28,640-square-foot industrial property in Farmington Hills

July 8, 2025
IllinoisIndustrial

Weiss Realty announces power-ready 138-acre site in Decatur

July 8, 2025
IllinoisFinanceIndustrial

Byline Bank provides $17 million in financing for acquisition of two industrial properties in Alsip

July 8, 2025

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Events
  • Office Locations
  • Advertise
  • Terms and Conditions
  • Contact
© 2025 REjournals.com