Longitudinal analysis of corporate real estate practice: Changes in CRE strategy policies, functions and activities

Gibson, Virginia and Luck, Rachael (2006). Longitudinal analysis of corporate real estate practice: Changes in CRE strategy policies, functions and activities. Facilities, 24(3/4) pp. 74–89.

DOI: https://doi.org/10.1108/02632770610649359

Abstract

Purpose
To report on longitudinal change in corporate real estate (CRE) practice in the last two decades, in particular, monitoring significant changes in CRE policy, function and activities through the statistical analysis of annual survey data.

Design/methodology/approach
A literature review revealed the major themes that have influenced CRE practice in the last 20 years. Applying principal components analysis the annual survey of CRE practice dataset was analysed to identify significant tends in the CRE practices reported by organizations.

Findings
A significant overlap was observed between the activities used in practice and the CRE literature, and new working practices were identified as a significant theme. Based on these analyses comment is made on the impact of changes in CRE practice over the timescale of the survey and it was predicted that new working practices will continue to influence CRE practices in the future.

Originality/value
This paper fulfils a need for evidence‐based monitoring of CRE practices to give insight into the relationship between past, present and indicative directions for future CRE practice.

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