Company actual property executives noticed a median enhance of their compensation of 4.7% within the fiscal yr 2018-19 in response to a brand new report.
That signifies that these working in firms globally with strategic accountability for actual property, noticed their common annual compensation package deal enhance by greater than the 4% common throughout all US staff.
The typical whole remuneration for a head of world actual property was $307,000.
The survey was performed by CoreNet International, a non-profit that represents 11,000 company actual property executives throughout 50 nations, and consulting agency FPL Associates.
On this yr’s survey, 146 finish consumer firms had been represented, together with Cisco Programs, Hilton Worldwide Holdings Inc., Customary Chartered PLC, in addition to quite a few different Fortune 500 firms.
Nearly eight in 10 respondents mentioned they obtained a rise in 2018-19 and 73% mentioned they might obtain an extra enhance within the 2019-20 fiscal yr with a median 4.1% predicted.
As well as, 42% of members obtained a rise of their annual incentive (money bonus) award pay-out in 2018 (when in comparison with 2017).
The survey exhibits that car allowances, tuition reimbursement, and dependent care sources are among the many most useful perquisites.