The CoreNet Global Economic Index: Corporate Real Estate Executives Are Optimistic About Economic Outloook on Jobs, Corporate Expansions

ATLANTA, Feb. 28, 2014 (GLOBE NEWSWIRE) -- Corporate real estate executives at Fortune 1000 companies are optimistic about a range of economic factors – including increases in jobs, corporate expansions, and the overall global economy – for the first quarter of 2014, according to a survey conducted by CoreNet Global.

The survey, which took place during the fourth quarter of 2013, yielded an overall rating of 4.09 on a seven-point scale, considered by CoreNet Global to be an "optimistic" rating. The rating represents a slight decrease from the previous quarter, which was 4.41.

Individual questions represented a range of economic factors generally and affecting corporate real estate specifically:

  • How would you rate your own company's prospects for growth and expansion? (4.77)
  • Over the next quarter, how likely is your company to increase employees? (4.09)
  • How would you rate your own confidence level in the global economic outlook over the next quarter? (4.63)
  • Over the next quarter, what is the likelihood of additional capacity required due to projected business growth? (4.37)

"We believe these projections are consistent overall with the overall economic recovery," said Angela Cain, Chief Executive Officer of CoreNet Global. "Based on these findings, we expect to see increases in hiring, and corporations looking at new locations, expanded facilities and more modern workplace strategies."

CoreNet Global will repeat the survey quarterly and will use the results to create a unique economic benchmark.

The survey was conducted among a targeted group of senior level managers of corporate real estate at Fortune 1000 companies globally. Forty-three executives completed the online questionnaire. The CoreNet Global Economic Index is the only economic barometer that measures the attitudes of corporate real estate executives.

About CoreNet Global

CoreNet Global is the world's premier association for corporate real estate (CRE) and workplace professionals, service providers and economic developers with more than 8,000 members worldwide. For more information, visit www.corenetglobal.org.

CONTACT: David Harrison CoreNet Global +1.410-804-1728 david@harrisoncommunications.netSource: CoreNet Global