CRE gender pay gap is worse than five years ago: study

Findings are a “sobering picture of stagnation,” CREW says

TRD NATIONAL /
Sep.September 03, 2020 09:30 AM

A study shows that women now make 56 percent less in commission and bonuses than their male counterparts in salaried roles and  (iStock)

A study shows that women now make 56 percent less in commission and bonuses than their male counterparts in salaried roles and (iStock)


The gender pay gap in commercial real estate has widened in the past five years.

A study from the Commercial Real Estate Women Network shows that women now make 10 percent less than their male counterparts in salaried roles and 56 percent less in commission and bonuses.

Combined, the figures mean women make 34 percent less overall than men — almost 11 percent more than in 2015, the study found. CREW described the results as a “sobering picture of stagnation.”

Researchers conducting the study surveyed 2,930 industry professionals across all CRE sectors, according to Bisnow.

The respondents — surveyed between Jan. 2 and March 31 — were based in the U.S., Canada and the U.K.. Of them, 82.4 percent identified as women, 17.5% identified as men, and less than 1 percent identified as nonbinary.

The study also showed that women represent roughly 37 percent of professionals in commercial real estate, a similar figure to 15 years ago.

CREW Network CEO Wendy Mann told Bisnow that she hoped the results served as a wake-up call to the industry.

“I am really very hopeful that this study showing the lack of progress is that call to action that motivates companies and leadership to dig deeper, and really put gender diversity as well as people of color as more of a priority,” she said.

[Bisnow] — Sylvia Varnham O’Regan


Related Articles

arrow_forward_ios
The analysis predicts that office vacancies across the world will continue upward (iStock)

Report: Office market won’t return to glory until 2025

Report: Office market won’t return to glory until 2025
Korean wave pours into U.S. commercial real estate

Korean wave pours into U.S. commercial real estate

Korean wave pours into U.S. commercial real estate
The Martinique hotel (Wikipedia, Google Maps)

Operator of Martinique Hotel in Manhattan files for bankruptcy

Operator of Martinique Hotel in Manhattan files for bankruptcy
CEO Mark Tritton and 410 East 61st Street (Getty, Google Maps)

Bed Bath & Beyond will permanently close UES store

Bed Bath & Beyond will permanently close UES store
A rendering of 556 West 22nd Street (Photo by BASIS Independent Schools)

Private school to expand in former Chelsea Art Museum building

Private school to expand in former Chelsea Art Museum building
With about $23 billion of hotel-related CMBS loans in forbearance, more lenders are looking to offload those mortgages. (iStock)

Hotel industry is in trouble and more lenders want out

Hotel industry is in trouble and more lenders want out
Industry City CEO Andrew Kimball with Amazon CEO Jeff Bezos (Photos via Getty; iStock; Industry City)

Real estate hits bottom as Industry City abandons plan

Real estate hits bottom as Industry City abandons plan
Burlington CEO Michael Sullivan and 2163 Tilden Avenue (Burlington via Facebook; Google Maps)

Burlington Coat Factory inks big lease in Brooklyn

Burlington Coat Factory inks big lease in Brooklyn
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...