DTZ collaborates with CoreNet on new benchmarking initiative
A global name in commercial real estate services, DTZ has partnered with CoreNet Global to incorporate the organisation’s unique benchmarking service, BenchCoRE, into its service offerings.
BenchCoRE is a technology-based benchmarking service that tracks corporate real estate data such as utilisation, a portfolio or location’s total operating cost and other metrics that allow corporate real estate professionals to chart successes compared to peer groups.
DTZ will work to scale participation in BenchCoRE across its occupier client base and use insights provided to monitor and assess its clients’ portfolio management strategies.
“In combination with DTZ’s Portfolio Analytic technologies and Global Occupier Metrics toolset,” DTZ head of Americas strategic consulting team David Kamen said, “this benchmarking initiative is a valuable addition to our research and consulting platform”.
BenchCoRE currently has 40 companies participating with 120 million square feet of space, 3600 global locations across 100 countries already in the benchmarking database. Company portfolio data is normalised using proprietary definitions and algorithms to ensure that data is standardised and that the benchmarks provide actionable peer-to-peer comparisons–by industry, ownership status, geography, asset type and more.