In a recent survey of corporate real estate executives at corporations globally, 81% reported that their base salary increased from 2015 to 2016 by an average of 4.6%. In addition, 75% projected further increases in 2017, according to a survey conducted by CoreNet Global and FPL Associates.
"Projected increases for 2017 are more conservative than we have seen in years past. This is consistent with what we are seeing across the real estate industry," said Lindsay Pankratz, Survey Director at FPL Associates.
The average total annual cash compensation for a head of corporate real estate globally was $280,000 in 2016 compared to $265,684 in 2015, an increase of more than 5%. Since 2012, the average total annual compensation for head of corporate real estate has increased by more than 20%. In North America, the average total annual cash compensation was $292,000 in 2016, nearly 9% higher than a year earlier. READ MORE