CoreNet Global Inc. Market Research Report

Background

Overview

CoreNet Global Inc. is a non-profit association headquartered in Atlanta, Georgia, USA, representing nearly 10,000 members across 50 countries. The organization focuses on corporate real estate (CRE), serving executives responsible for the real estate assets of large corporations. Its mission is to advance the practice of corporate real estate through professional development opportunities, publications, research, conferences, designations, and networking in 46 local chapters and networking groups globally.

Mission and Vision

Mission: To advance the practice of corporate real estate through professional development opportunities, publications, research, conferences, and chapters and networking groups.

Vision: Worldwide, companies and individuals consider CoreNet Global indispensable to the successful practice of corporate real estate.

Primary Area of Focus

CoreNet Global specializes in corporate real estate, encompassing all classes of property, land, and buildings such as office facilities, data centers, manufacturing facilities, logistic centers, corporate headquarters, distribution facilities, retail stores, and hotels.

Industry Significance

As the world's leading professional association for corporate real estate and workplace executives, CoreNet Global plays a pivotal role in connecting professionals, end-users, and service providers to advance knowledge, promote personal excellence, and add value to each individual and their respective enterprises.

Key Strategic Focus

Core Objectives

Broaden its network.

Raise the profile of corporate real estate.

Serve as the profession's voice and thought leader.

Champion the profession's development and maturity.

Specific Areas of Specialization

CoreNet Global focuses on corporate real estate, including office facilities, data centers, manufacturing facilities, logistic centers, corporate headquarters, distribution facilities, retail stores, and hotels.

Key Technologies Utilized

While specific technologies are not detailed, CoreNet Global leverages various tools and platforms to facilitate professional development, publications, research, conferences, and networking.

Primary Markets or Conditions Targeted

CoreNet Global serves corporate real estate professionals worldwide, with a significant presence in the United States, Europe, Asia, and Australia.

Financials and Funding

Funding History

As a non-profit organization, CoreNet Global's funding primarily comes from membership dues, event revenues, and strategic partnerships. Specific details about total funds raised and recent funding rounds are not publicly disclosed.

Recent Funding Rounds

Information regarding recent funding rounds is not publicly available.

Notable Investors

As a non-profit, CoreNet Global does not have investors in the traditional sense. Its financial support comes from its members and strategic partnerships.

Intended Utilization of Capital

The capital is utilized to support professional development programs, research initiatives, conferences, and the operation of local chapters and networking groups globally.

Pipeline Development

As a professional association, CoreNet Global does not have a product pipeline. Instead, it focuses on developing and offering programs, research, and networking opportunities to its members.

Technological Platform and Innovation

Proprietary Technologies

CoreNet Global utilizes various platforms and technologies to deliver its services, including its website, member portals, and event management systems. Specific proprietary technologies are not detailed.

Significant Scientific Methods

CoreNet Global employs research methodologies, surveys, and benchmarking tools to provide valuable insights to its members. For example, it has established a multi-year benchmarking relationship with DTZ to integrate CoreNet’s BenchCoRE technology-based benchmarking tool into DTZ’s service offerings.

AI-Driven Capabilities

There is no specific information available regarding AI-driven capabilities within CoreNet Global's operations.

Leadership Team

Executive Profiles

Scott D. Wiley, CAE: Chief Executive Officer.

David Chang, MCR: Global Head of Asset Management at Standard Chartered, Hong Kong; Chair of the Board of Directors.

Jamie Leary-Erickson: Vice President, Global Real Estate and Facilities at Stryker, San Diego, CA; Chair-Elect of the Board of Directors.

LaMonte Johnson, MCR.w: Director, Strategic Real Estate Planning at Atrium Health, Charlotte, NC; Treasurer of the Board of Directors.

Mara Cummings, SLCR: Senior VP, President & Head of International Real Estate, Design, Construction & Facility Operations at Warner Bros. Discovery, London, UK; Governance Committee Chair.

Leadership Changes

Specific details about recent leadership changes or appointments are not publicly available.

Competitor Profile

Market Insights and Dynamics

The corporate real estate industry is dynamic, with a growing emphasis on integrating real estate strategy with business objectives. Organizations are increasingly focusing on workplace innovation, sustainability, and technology integration to enhance operational efficiency and employee satisfaction.

Competitor Analysis

CoreNet Global's primary competitors include other professional associations and networks in the corporate real estate sector, such as the National Association of Corporate Real Estate Executives (NACORE) and the International Facility Management Association (IFMA). These organizations offer similar services, including professional development, networking opportunities, and industry research.

Strategic Collaborations and Partnerships

CoreNet Global has established strategic partnerships with various industry leaders to enhance its offerings. For instance, it has collaborated with DTZ to integrate CoreNet’s BenchCoRE technology-based benchmarking tool into DTZ’s service offerings.

Operational Insights

Strategic Considerations

CoreNet Global's strategic considerations include expanding its global reach, enhancing member engagement, and continuously improving its programs and services to meet the evolving needs of corporate real estate professionals.

Major Competitors

Major competitors include other professional associations in the corporate real estate sector, such as NACORE and IFMA, which offer similar services and have established networks.

Competitive Advantages

CoreNet Global's competitive advantages include its extensive global network, comprehensive range of services, and strong industry reputation.

Strategic Opportunities and Future Directions

Strategic Roadmap

CoreNet Global aims to broaden its network, raise the profile of corporate real estate, serve as the profession's voice and thought leader, and champion the profession's development and maturity.

Future Business Directions

Future directions include expanding global membership, enhancing digital platforms for member engagement, and increasing the impact of research and educational programs.

Opportunities for Expansion

Opportunities for expansion include increasing presence in emerging markets, developing new partnerships, and offering additional services that address the evolving needs of corporate real estate professionals.

Positioning for Future Objectives

CoreNet Global's current strengths, including its global network, comprehensive services, and industry expertise, position it well to achieve its future objectives.