What are the established and emerging practices of CRE&F organizations
The CBRE Institute partnered with CoreNet Global to interview Corporate Real Estate and Facilities (CRE&F) leaders from over 100 corporations to gauge the practices that drive enterprise success. The CRE&F leaders who were interviewed oversee combined portfolios of over 1 billion square feet globally, with an average portfolio size of 14.5 million square feet.
The study revealed common themes across a host of strategic and management practices which are driving the success of CRE&F organizations and their respective enterprises, such as:
- CRE&F organizations most often report directly to the CFO.
- CRE&F teams are generally organized by function or geography.
- Formal client relationship management (CRM) and portfolio planning that support lines of business are established practices that continue to command focus.
- The most innovative and transformational activities are focused on building greater strategic capabilities to align with the business and drive greater collaboration with key functional partners (e.g., HR, IT).
- Activity-based workplaces are on the rise, with less square footage anticipated per employee.
For additional information, please reach out directly to Karen Ellzey
, Dan Dolson
, or Tom Kurtz