March Edition
Carolina On My Mind – March Edition
A Little Madness, A Lot of Momentum in Corporate Real Estate
By Harold Hicks, CFM, MCR – Chapter President, CoreNet Global Carolinas
March is one of my favorite times of the year. The energy shifts. The days get longer. And of course, brackets get busted.
With the NCAA tournament tipping off in cities like Charlotte and across North Carolina and South Carolina, it’s hard not to get caught up in the excitement of March Madness. But as I’ve been watching the brackets fill out, I can’t help but see the parallels between basketball and Corporate Real Estate (CRE).
Because in our world, March is less about madness — and more about momentum.
The CRE Bracket: What’s Advancing in 2026?
If we built a Corporate Real Estate bracket this year, here’s what I believe would be advancing to the Final Four — both globally and here in the Carolinas.
1. Flight to Quality 2.0
This trend isn’t new — but it’s evolving.
Organizations are doubling down on high-performance workplaces that deliver measurable outcomes: talent attraction, culture reinforcement, and ESG alignment. Commodity space is struggling. Experience-driven, amenity-rich, transit-connected assets are winning.
In markets like Raleigh and Charleston, we’re seeing continued investment in Class A products even as overall vacancy rates remain elevated. The message is clear: quality still commands a premium — but only when it’s purposeful.
2. Portfolio Optimization: Less, But Better
Across the globe, corporate occupiers are recalibrating their footprints. The days of measuring success purely by square footage are behind us.
Now it’s about:
- Utilization analytics
- Flexible lease structures
- Hub-and-spoke strategies
- Rightsizing without compromising culture
Here in the Carolinas, we’re seeing organizations consolidate suburban holdings while strengthening urban cores in Charlotte and Greenville. It’s not contraction for the sake of contraction — it’s intentionality.
3. AI & Data: The Unexpected Cinderella Story
Every tournament has one.
This year in CRE, it’s AI-powered decision-making.
From predictive occupancy modeling to lease abstraction and capital planning, artificial intelligence is moving from pilot programs to enterprise strategy. Global CRE leaders are integrating AI into scenario planning, site selection, and workforce forecasting.
The organizations that learn to trust — and verify — their data will outperform. Just like in basketball, analytics don’t replace instinct. They sharpen it.
4. Sustainability as Strategy — Not Slogan
Sustainability is no longer a “nice-to-have.” It’s embedded in capital allocation, brand identity, and regulatory compliance.
In manufacturing-heavy corridors across the Carolinas, energy resilience, water stewardship, and carbon reporting are shaping site decisions. Globally, occupiers are aligning real estate strategy directly with corporate climate commitments.
The madness? Thinking sustainability is optional.
The momentum? Recognizing it as competitive advantage.
What This Means for the Carolinas
Our region continues to punch above its weight.
The Carolinas sit at the intersection of:
- Population growth
- Business-friendly policy
- Port and logistics strength
- Higher education talent pipelines
From advanced manufacturing investments to life sciences expansion and financial services growth, the fundamentals remain strong.
But — and this is important — we cannot be passive participants!
March Madness rewards the teams that adjust at halftime.
For CRE professionals, that means:
- Challenging legacy workplace assumptions
- Building cross-functional partnerships with HR, IT, and Finance
- Investing in member education and peer connection
- Staying globally informed while acting regionally
That’s exactly why our work within CoreNet Global — and specifically within the Carolinas Chapter — matters more than ever.
Championship Culture
As Chapter President, I see firsthand the power of this network. The conversations happening at our programs are sharper. The questions are tougher. The collaboration is stronger.
That’s not madness. That’s maturity.
This chapter continues to grow because you — our members — are leaning in. Sharing lessons learned. Mentoring emerging leaders. Bringing candor to the challenges we all face.
And if there’s one thing both basketball and Corporate Real Estate teach us, it’s this:
Championship teams aren’t built in March.
They’re revealed in March.
Final Thought
As you fill out your brackets and connect with colleagues this month, I encourage you to ask yourself:
- What’s advancing in your portfolio?
- What’s on the bubble?
- And where do you need to make a bold move before the buzzer?
The Carolinas are positioned for a strong run. Let’s make sure our CRE strategies are tournament-ready.
See you at our next chapter event.
Carolina on my mind…and the future of CRE in our sights.
Harold Hicks, CFM, MCR
Chapter President
CoreNet Global Carolinas