Corporate real estate executives planning for growth finds CoreNet survey

Global corporate real estate executives report that economic conditions improved again in the third quarter and they remain optimistic about economic growth. This is according to the most recent findings of the CoreNet Global Economic Index; a statistical measure that reveals trends and confidence levels within the corporate real estate (CRE) world. The survey, which takes advantage of the unique perspective that CRE executives have of the overall economy was conducted among a targeted group of 220 senior level managers of corporate real estate at Fortune 1000 companies globally. The survey measures the overall optimism that these executives have with respect to their own companies, as well as the economy at large. There were positive responses on their own company’s prospects for growth and expansion: many were likely to increase their real estate portfolio as a result of more employees and there was optimism regarding the global economic outlook over the next quarter.

The survey found that corporate real estate executives continue to be optimistic and are planning for growth in the size of their real estate portfolios,” said Tim Venable, Senior Vice President at CoreNet Global.

“CoreNet Global will repeat the survey quarterly and will use the results to create a unique economic benchmark.

The survey, which took place during the fourth quarter of 2014, asked respondents to rate their answers using a seven-point scale.

The individual questions represented a range of economic factors generally and affecting corporate real estate specifically. Responses to individual questions represented a range of general economic factors, as well as those that affect CRE specifically:

• How would you rate your own company’s prospects for growth and expansion: 4.69
• Over the next quarter, how likely is your company to increase your real estate portfolio as a result of more employees: 4.00
• How would you rate your own confidence level in the global economic outlook over the next quarter: 4.52
• Over the next quarter, what is the likelihood of additional capacity required due to projected business growth: 4.09

The CoreNet Global Economic Index is the only economic barometer that measures the attitudes of corporate real estate executives for more information visit www.corenetglobal.org