ATLANTA, GA March 12, 2015 -- CoreNet Global’s BenchCoRE, an industry leading corporate real estate benchmarking service, has aligned with OSCRE, the Open Standards Consortium for Real Estate, both organizations announced today.
“BenchCoRE’s alignment with OSCRE information exchange standards enables organizations to become much more data-centric. They can use the same data to manage the business and to effectively benchmark against other leading organizations in areas including costs, portfolio mix and space utilization. OSCRE Standards enable organizations to assemble the right data for benchmarking from multiple sources and service firms around the world. This alignment is a natural progression as the profession becomes better equipped to use information more effectively to add value,” stated Lisa Stanley, CEO of OSCRE International.
OSCRE is a member-based organization focused on the collaborative development and implementation of global standards for real estate information exchange.
“This alliance means that the corporate real estate profession will have a consistent set of standards through OSCRE that are keyed to data from global corporations through their involvement with BenchCoRE,” said Angela Cain, CEO of CoreNet Global.
BenchCoRE currently has nearly 120 million square feet of space, over 3,600 global locations and includes close to 100 countries already in its database. BenchCoRE is now working with 15 companies that are currently in various stages of the data collection and normalization process adding significantly to the indicated metrics.
BenchCoRE, launched in the fall of 2013, currently has some forty (40) companies that have agreed to participate. These companies provide their real estate portfolio data to BenchCoRE. The data is then normalized using BenchCoRE’s proprietary definitions and algorithms. This process ensures that data from all companies is standardized and provides actionable peer-to-peer comparisons – whether by industry, ownership status, geography, asset type and more.
About Open Standards Consortium for Real Estate (OSCRE) OSCRE International is a membership-based, not-for-profit consortium committed to the collaborative development and implementation of global real estate data standards. OSCRE Standards enable people and organizations within the real estate industry to meet the challenges of collecting and managing data, reducing costs, enhancing revenue and improving organizational performance. For more information, please visit OSCRE’s website at www.oscre.org or contact us at firstname.lastname@example.org.
About CoreNet Global
CoreNet Global is the world’s leading professional association for corporate real estate (CRE) and workplace executives, service providers and economic developers. CoreNet Global’s more than 9,500 members, who include 70% of the top 100 U.S. companies and nearly half of the Global 2000, meet locally, globally and virtually to develop networks, share knowledge, learn and thrive professionally. For more information, please visit www.corenetglobal.org.
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