COVID-19 has disrupted nearly every industry to some extent, and commercial real estate is no exception. Many market segments—particularly hospitality, retail, and office—were significantly impacted by the results of the pandemic, as owners and users of real estate worked to quickly pivot their standard operating procedures to accommodate a changing world. Working in tandem with this quick change was the realization that the industry needed to alter its approach to corporate real estate management.
CBRE and CoreNet Global partnered to survey corporate real estate (CRE) leaders and gauge the evolution of CRE’s mission and purpose, explore how CRE departments are structured and document both emerging and established management practices. The results highlighted 11 key findings that give insight into the shifting priorities of today’s CRE leaders.