It wasn’t long ago that commercial real estate (CRE) was an unquestionably male-dominated field. While men continue to hold the lion’s share of leadership positions in CRE today, the scales are noticeably beginning to budge. Slowly but surely, women are entering the industry and bringing change with them.
Today, more women fill senior vice president, managing director, and partner positions in CRE than ever before. While the C-suite (CEO, CFO, COO, and CIO positions) remains stubbornly male, the number of women with direct reports is steadily rising.
This has resulted in increased satisfaction among women in CRE with regards to their career success. In fact, while few women report a desire to find themselves in the C-suite, interest in senior vice president and other senior roles is high.
The interest is justified; with more women in leadership roles, the culture of CRE workspaces is changing. Seeing a woman at the table is no longer surprising, and in fact has been noted by many leaders to be a benefit.
What’s more, with the known talent deficit in CRE, it’s hard to ignore that there are more women graduating from college in recent years than men. Staying male-focused makes an already small talent pool even smaller; CRE employers would be wise to cast a wider, gender-diverse net.
When we talk industry disruption, these are the kinds of changes leading the shift. With the known movements and advancements of the current CRE market, it’s important to get as many perspectives and solution sources as possible. Keeping up with the times means staying innovative, something diversity encourages.