SHERIDAN, WYOMING – April 8, 2025 - Corporate Real Estate Professionals See Continued Salary Growth in 2024, CoreNet Global Reports
Strong Salary Increases and Positive Outlook for CREM Experts
Corporate Real Estate Management (CREM) professionals continue to experience steady salary increases, according to the latest CoreNet Global End User Compensation Survey 2024. Conducted in partnership with Ferguson Partners, the survey highlights notable compensation trends across the corporate real estate industry.
A total of 107 members from 99 companies—many of them Fortune 500 organizations—participated in the study during the third quarter of 2024. The results indicate that competitive pay remains a central strategy for attracting and retaining top talent in this field.
Base Salaries on the Rise
78% of respondents reported a rise in their base salaries from 2023 to 2024. The median increase stood at 3.8%, with the average increase reaching 4.8%.
"The continued rise in compensation reflects the high value companies place on professionals in this sector," said Locke McKenzie, Past President of CoreNet Global Central Europe. "While salaries in Europe are lower compared to the U.S., professionals in this sector are generally very well compensated relative to national salary averages. This underlines the strategic importance of these roles to business success."
Strong Expectations for Future Increases
Looking ahead, 79% of participants expect to receive further salary increases in the current year. This optimism signals ongoing confidence in the industry’s growth and the critical role of CREM professionals in driving business performance.
Bonuses and Long-Term Incentives Gain Momentum
In addition to base salary, bonus structures have seen positive movement:
- 51% of participants received a higher annual incentive bonus in 2023 compared to 2022, with a median increase of 15%.
- Conversely, 21% reported a decrease in bonus payments, with a median decline of 18%.
When it comes to long-term incentives, nearly half of the respondents (48%) saw a rise in payouts from such programs in 2023. The median increase was 10%.
Looking ahead, 58% expect these bonuses to remain stable, while 29% anticipate further growth—emphasizing the increasing relevance of long-term value creation in compensation strategies.
Valued Perks Enhance the Total Package
The survey also explored the most common fringe benefits offered to CREM professionals. These include:
- Reimbursement for mobile devices and internet usage
- Tuition reimbursement for continued education
- On-site fitness or health club memberships
- Parking and commuter benefits
- Subsidized meals and cafeteria services
These offerings underscore a broader commitment to employee well-being, convenience, and professional development.
Benchmarking Tool for Attracting Top Talent
The CoreNet Global End User Compensation Survey 2024 remains a valuable resource for companies seeking to benchmark their compensation packages. As competition for skilled real estate professionals intensifies, comprehensive and appealing remuneration packages are proving essential to winning top-tier talent.
About CoreNet Global (CNG)
CoreNet Global is the world’s leading association for corporate real estate (CRE) professionals. With nearly 11,000 members representing 70% of Fortune 500 companies and nearly 50% of Fortune Global 2000 firms, CoreNet Global offers unmatched access to industry insights and expertise. Its members span various sectors including developers, financiers, facility managers, architects, and more.
CNG maintains headquarters in Atlanta, Georgia, and operates regional offices across the globe, including Brussels, Hong Kong, London, Melbourne, São Paulo, Shanghai, Sydney, and Toronto. In the EMEA region, CNG is represented by local chapters in the Benelux countries, Central Europe (including Germany), the UK, and the Middle East, alongside a networking group in France.
Stay Competitive, Stay Informed
For CREM professionals and organizations alike, staying ahead means staying informed. The 2024 compensation trends report offers critical insights to help both individuals and employers navigate an evolving corporate real estate landscape.
Learn more and access the full survey insights at www.corenetglobal.org.