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CHICAGO-The average corporate real estate professionals earned an average of $158,000 last year, their 14th on the job, according to CoreNet Global’s recently-completed salary survey. Paychecks for top US corporate real estate executives ranged from $66,000 to $1.2 million, and averaged $233,000, according to the survey conducted by Knowledge Systems and Research.

Meanwhile, 71% of the executives had a No. 2 person, a real estate director or manager, working under them. That is a 10% increase from three years ago, the last time a comparable survey was done, according to CoreNet Global.

“The corporate real estate profession, as we conclude from our survey, is healthy both in terms of overall compensation and in importance to the organization,” says CoreNet Global chief executive officer Peggy Binzel. “These conclusions support CoreNet Global’s position that the real estate function is becoming more strategic and highly valued within major corporations as they seek to increase efficiencies and reduce overlap in the workplace.”

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