Despite Rise of Women in Commercial Real Estate Industry, Wage Gaps Remain an Issue

Despite Rise of Women in Commercial Real Estate Industry, Wage Gaps Remain an Issue

Despite Rise of Women in Commercial Real Estate Industry, Wage Gaps Remain an Issue

While the number of women working in the commercial real estate industry has risen since 2005, issues still exist concerning the differences in salaries and promotion levels when comparing men and women in the field. This information comes from a recent study conducted by the Commercial Real Estate Women Network. It follows up on the first in-depth survey of the gender differences in the commercial real estate industry that was held in 2005.

Over the last five years there has been a seven percent increase in the number of women entering the field, and the numbers of both the least and most experienced women in the industry have risen. There are more women with less than 5 years of experience, indicating a surge in women entering the industry from other fields, and also a rise in women with over 20 years of commercial real estate experience.

The wage gap between male and female workers in this industry has shrunk since 2005, but it has not disappeared. Many more women have reached the $100,000 to $250,000 yearly salary range, but their numbers are not equal to the men in the same range. There are currently three times as many male survey respondents in that income category than female.

Both men and women are drawing more of their total compensation from a base salary, insteaad of variable compensation like sales bonuses and stock options. The chairman positions of large firms remain predominately male, with 22% of male respondents holding the position of CEO, COO or something similar compared to only 9% of women.

Despite the remaining gaps in compensation and high level positions, women are making great strides into the commercial real estate industry. The results of the CREW study indicate that some of these issues may be due to differing goals between male and female workers, and the group is working on further research to fully understand the complex reasons why women aren’t paid as highly in the commercial real estate field.


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