International Survey of Corporate Real Estate Practices: Longitudinal Study, 1993-2002
Start Date: Oct 2002
End Date: Apr 2003
Project Status: Complete
Drawing on data gathered from the Corporate Real Estate Management Research Unit (CREMRU) survey of international corporate real estate (CRE) practices, this project involves the in-depth statistical analysis of trends over ten years. The survey was initiated in 1993, and has been supported by Johnson Controls Incorporated (JCI) since 1997.
The CREMRU-JCI survey can be found at www.cremru.rdg.ac.uk
The annual survey gathers data from chief real estate officers (CREOs) and CRE service providers.
The questions include details of the CRE organization and a range of opinions regarding the role and future direction of CRE.
The most recent review of survey findings was published in Facilities, and can be found at www.emeraldinsight.com/0263-2772.htm then click Vol. 20 Number 11/12
The relationship between CRE decision-making and property performance is little understood. The same applies to the CREO's role in an organization. Through the analysis of the CREMRU-JCI survey data, this research will explore the relationship between senior management decision-making and the property cycle. As well as providing information to support CRE decision-making, and consequently wealth-creation, the survey will continue playing an educational role in the MSc in CRE & FM offered by the University of Reading.
More information about the course can be found at www.creem.rdg.ac.uk.
Key references:
Avis, M. and Gibson V. (1995) Real Estate Resource Management: A study of major occupiers in the UK, Wallingford: GTI / Oxford Brookes University and The University of Reading.
Bon, R., Gibson, V. and Luck, R. (2002) Annual CREMRU-JCI survey of corporate estate management practices in Europe and North America: 1993-2001, Facilities 20:11/12; pp. 357-373.
Gibson, V. A. and Lizieri, C.M. (2001) Friction and Inertia: Business Change, Corporate Real Estate Portfolios and the U.K. Office Market, Journal of Real Estate Research, 22:1/2; pp. 59-79.
Veale, P.R. (1989) Managing Corporate Real Estate Assets: Current Executive Attitudes and Prospects for an Emergent Management Discipline, The Journal of Real Estate Research, 4:3; pp. 1-22.
Zeckhauser, S. and R. Silverman (1983) Rediscover Your Companys Real Estate, Harvard Business Review, January-February, pp. 111-117.