[1] Corporate real estate may also describe the functional practice, department, or profession that is concerned with the planning, acquisition, design, construction/fit-up, management, and administration of real property on behalf of a company.
Generally, corporate real estate professionals approach the real estate market from the owner-occupant perspective, both leased or the buy-side, primarily demand perspective, similar to corporate purchasing or procurement.
As such, they seek to contain costs, and may benefit from economic environments that are described by most as "weak".
Although closely related to facilities management and property management, corporate real estate as a concept is usually broader in corporate functional scope but more narrow within the real estate sector.
However, corporate real estate is almost exclusively focused on commercial properties types (mostly office, with industrial and retail depending on the company); residential properties are rare in a corporate portfolio.