Women find more opportunities in commercial real estate
Mary Ann Tighe, CEO at CB
Women are increasingly finding professional opportunity in commercial real estate, according to a study commissioned by Commercial Real Estate Women and administered by the Cornell University program for real estate, Real Town reported.
There was a 7 percent increase in the number of women entering professions related to commercial real estate between 2005 and 2010, the report shows. Overall, more women in commercial real estate, about 11 percent in 2010, are earning between $100,000 and $250,000. That’s a jump from only 8 percent in that bracket in 2005. In 2010, 31 percent of men were receiving that degree of compensation, down from 34 percent in 2005.
The number of women reporting less than $75,000 in compensation dropped from three times the number of men, to only twice the number.
Women are also taking top roles in the industry. Overall, 9 percent of females reported holding a C-suite position such as president, CEO, CFO or COO, compared to 22 percent of males. Mary Ann Tighe, CEO at CB Richard Ellis, is one example. [Real Town]