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CLCO | CEL Compensation Advisors, a leading real estate consulting firm, has released its 35th annual National Real Estate Compensation & Benefits Survey. The comprehensive report covers trends and salaries for various sectors, including industrial, office, retail, rental residential, for-sale residential, and investment management. This year's survey boasts the highest number of participating companies to date, with 435 real estate firms providing data on over 153,000 incumbents across 263 positions.

    The survey includes new questions, positions, and data breakouts, such as separating office and industrial sectors, adding for-sale residential asset class, and detailed parental leave policies. According to Lucy Bertsch, co-head of RCLCO's Compensation Consulting Practice, "We're excited to share these enhancements and the breadth of data in the 2024 report."

    The report highlights key compensation structure and workforce trends within the industry. Despite current market conditions, most participants reported making salary increases in 2024, with a companywide average increase of 4.0%. Annual bonuses saw a more significant impact, with an average achievement of 86% of target levels. Companies expect similar compensation adjustments in 2025, with an average merit increase of 4.2%.

    The survey results are informed by RCLCO & CEL's expertise and industry best practices, making it the gold standard for companies seeking to create performance recognition and reward programs that attract and retain top talent. The report covers over 500 pages of compensation trends, benefits, policies, long-term incentive structures, and detailed statistical breakouts on a position-by-position basis.

    The survey is stratified by company size, type, specialization, region, and metropolitan area. RCLCO | CEL Compensation Advisors offers comprehensive data and consulting services to help companies navigate the real estate industry's compensation landscape.