Corporate World
Over the past 12 months we have observed a marked increase in hiring activity and organizational reshuffling on the corporate real estate front. After a period of severe cutbacks during and following the "great recession," Fortune 100s and mid-cap sized companies alike are aggressively repositioning their real estate assets. Their focus has been on managing occupancy costs and addressing renewed business growth requiring real estate facilities expansion. However, hand-in-hand with this activity has been a significant shake up in the senior ranks of many companies, especially in the financial services and retail sectors. This is not surprising, as these areas were among the hardest hit in the recession with the most significant organizational cutbacks, often focused on expensive senior talent. Now they are in a rebuild and restructure mode, and the good news is that the talent pool remains strong. I expect that we will continue to experience hiring activity on the corporate front, including growth on the corporate services side of the business as more companies trend to outsource models.

Tony LoPinto is the Global Sector Leader of Korn/Ferry International's Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author's own.

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