Global Corporate Real Estate Trend #1: Centralization

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Global-Corporate-Real-Estate-Trends-Survey-2015Over the last six years, JLL has captured the voice of the corporate real estate (CRE) community, including 540 CRE executives from more than 350 companies and 36 countries, to provide powerful insights into the current status and future direction of the industry.

The findings from our 2015 report are summarized into four themes: 1. Centralization, 2. Integration, 3. Expectation and 4. Outsourcing. We expand upon Theme 1 in this article.

Theme 1: Centralization
CRE teams are becoming increasingly centralized and global, being more formally connected to the  C-suite and better empowered to drive change.

CRE is becoming highly organized at a global level. 92% of our respondents have a dedicated Global Head of CRE (up from 86% in 2013), while more than half of those respondents themselves occupy regional or global roles. In theory, this should enable CRE teams to act with greater consistency across borders. This operational efficiency is furthered by the fact that more than 60% of respondents believe there will be greater centralized control within the CRE team structure over the next 3 years.

Centralization

 

Visit our blog next week to view details on Theme 2: Integration, or click here to download the entire JLL Global Corporate Real Estate Report.

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