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CREW Benchmark Study Reports Progress in Some Areas, Stasis in Others
CREW Network’s newly issued fourth benchmark study measuring progress for women in commercial real estate reports both advances and stasis. The study saw a 5.4% increase in women respondents 39 years old and younger, and a 6% increase in women occupying brokerage positions compared to 2015. There was also a 4% increase in women aspiring to the C-suite.
However, some areas have been slower to see change. “Women occupy 36.7% of the commercial real estate industry,” according to the study. “This percentage has not changed much over the last 15 years.”
Further, there continues to be a salary gap between genders. “In 2020, the fixed salary gap between genders is 10.2% and the commission and bonus gap is a staggering 55.9%.”And while more women aspire to the C-suite, the 2020 Benchmark Study Report says just 9% of C-suite positions in commercial real estate are held by women.
“We are calling on executives who can affect change to take this study seriously and take action in their company and in the industry,” said CREW Network CEO Wendy Mann. “CREW Network remains committed to creating a more diverse, equal and inclusive industry—but we can’t do it alone.
“Industry leaders must address these issues as a business imperative—and take action now to make this important investment in our companies, our employees, and the future of our industry to remain a competitive and attractive employer,” she added.
For comments, questions or concerns, please contact Paul Bubny
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