How real estate strategies are quickly becoming business strategies
CoreNet Global’s new 2012 State of the Industry Report takes a sweeping view of corporate real estate (CRE) in a redefined world.
The report, set for release to 7,000 CoreNet Global members worldwide on March 28, captures many of the diverse, assorted, wide-ranging, often-conflicting and extensive factors shaping tomorrow’s global business landscape.
Key findings include:
- Even with mobility and telework, employees today prefer to work in the office
- The potential of cloud computing is over-estimated
- There is finally a standard for reliably measuring sustainable practices
- The global economy is the biggest issue facing multinational companies and their corporate real estate executives.
“No guts, no glory,” is how one industry executive describes the current mix.
While the report offers ample evidence that the economic climate for corporate occupiers and supply side commercial real estate service providers is improving and that 2011 was a fairly positive year for the industry, a sense of caution prevails.
“These and other developments may very well represent the outer tendrils of better times ahead for the industry,” the report notes. “Yet the always-present reality of cost cutting could mean that the tightest spending controls we’ve ever seen may still lie ahead.”
See the executive summary in LEADER Magazine's Industry Tracker at http://www.nxtbook.com/nxtbooks/corenet/theleader0312/#/64