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The pressure cooker of expectations: Research highlighting global corporate real estate trends in 2015

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  • Sutherland, Susan
  • Martin, Jordi

Abstract

C-suite expectations for corporate real estate (CRE) teams have consistently risen every year since the global financial crisis, with demands ranging from reducing occupancy costs to boosting workforce productivity. These expectations have intensified over time into a pressure cooker of challenges. JLL's 2015 ‘Global Corporate Real Estate Trends’ report, based on survey responses from 544 CRE executives in 36 countries, reveals that, while the CRE profession has matured in recent years with greater use of outsourcing, data and analytics and business relationship management, significant further development is required to address corporate demands. Concurrently, CRE teams are constrained in their ability to evolve from ‘tactical manager’ to ‘trusted advisor’. But there is a silver lining: tools are available to help CRE leaders take steps to overcome the obstacles and elevate the profession to a higher level of excellence.

Suggested Citation

  • Sutherland, Susan & Martin, Jordi, 2015. "The pressure cooker of expectations: Research highlighting global corporate real estate trends in 2015," Corporate Real Estate Journal, Henry Stewart Publications, vol. 4(4), pages 340-352, August.
    • Handle: RePEc:aza:crej00:y:2015:v:4:i:4:p:340-352
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    More about this item

    Keywords

    C-suite; risks; data and analytics; outsourcing; productivity; workplace strategy; occupancy costs; trusted advisor; business relationship management; CRE trends; survey;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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