Corporate Real Estate Research Thought Leadership Continues to Evolve

Article excerpt

Introduction

This special issue of the Journal of Real Estate Research is the fourth dedicated to corporate real estate in the past twelve years, following issues that appeared in 1989, 1993 and 1999. During this time, the quality and breadth of corporate real estate research published by professional associations and the academy has increased and evolved in important ways. Not only has there been an increase in the diversity of corporate real estate research topics and geographic areas investigated, but research objectives and methodologies have also broadened and evolved to keep pace with corporate real property management practice and needs. Recent years have witnessed researcher recognition of the increasing importance that corporate real property can, and should play, in furthering a company's overall business strategy to include enhancing organizational communication, efficiency, core competencies, culture and corporate identity.

Along with the increasing breadth in corporate real estate research activity, the focus has evolved to better define and differentiate corporate real estate research from other real estate, finance and economic research. Since corporate real estate includes all space involved in supporting a company's businesses, corporate real estate research embraces the concerns of an enterprise regarding the space it uses for all its managerial and administrative functions, its manufacturing and warehousing, and its selling and distribution activities. Inherent in the management of a portfolio of geographically dispersed properties are opportunities that can contribute to shareholder wealth through thoughtful real estate decisions and planning that take advantage of greater economies of scale and other corporate resources.

It is not just company ownership or the leasing of operating facilities that define corporate real estate. Increasingly, corporate real estate management is being defined by researchers as capturing operating business and strategic competitive opportunities through creative management of a company's real asset portfolio commitments. This evolution of corporate real estate research over the past twelve years is evidenced by the scholarly creativity and quality of each author's work contained in this volume of the JRER dedicated to corporate real estate.

Production of a special issue of the JRER on corporate real estate such as this is made possible by the generous support of the International Association of Corporate Real Estate Executives (NACORE), who also sponsored both the 1993 and 1999 special issues. The following individuals have meaningfully contributed to advancing the thought leadership of corporate real estate research by working with the coeditors to review and improve the articles in either this and/or the 1999 special issue:

Alastair S. Adair, University of Ulster, Northern Ireland

Joseph D. Albert, James Madison University

Brent Ambrose, University of Wisconsin-Milwaukee

John Benjamin, American University

Roy T. Black, Georgia State University

M. Gordon Brown, Space Analytics, LLC

Neil Carn, Formerly with Georgia State University, Retired

Gilbert H. Castle, Castle Consulting

Terence Clauretie, University of Nevada-Las Vegas

Glenn E. Crellin, Washington State University

Mark G. Dotzour, Texas A & M University

David M. Geltner, University of Cincinnati

Virginia A Gibson, University of Reading, Reading, England.

Michael Hanrahan, The Roulac Group

David J. Hartzell, University of North Carolina

David C. Ling, University of Florida

Christopher Manning, Loyola Marymount University

Martha O'Mara, Harvard University

Thomas D. Pearson, Banton Research

Joseph S. Rabianski, Georgia State University

Arnold Redman, University of Tennessee-Martin

Mauricio Rodriguez, Texas Christian University

Stephen E. …