New Realities Transform Corporate Real Estate

NEW YORK CITY-Competition for a reduced labor pool, worker-centric location decisions and the sustainability wave are key ingredients that determine the future of corporate real estate, according to the 2008 State of the Industry report by CoreNet Global. Last week, GlobeSt.com sat down with the Atlanta-based company here in New York City to discuss these key findings of how industry professionals are driving, and are being driven by, rapid changes in business and the workplace.

The report is a compilation of the views of industry leaders and research findings from over the past year. Those views and findings were then compared to 2004′s CoRE 2010 study, explained CoreNet Global CEO Prentice Knight during the meeting.

Knight tells GlobeSt.com that the report will be updated on a continuous basis. New drivers like energy conservation, carbon reduction, the war for talent, technological change, location strategies and flexible workplace practices have either pronounced themselves for the first time or accelerated faster than expected, compared to our 2004 baseline, Knight said.