2015 Benchmark Study Report: Women in Commercial Real Estate

Wednesday, Apr 6, 2016

CREW Network is proud to be the leading producer of research on women in the industry, and we are excited to share with you the release of the 2015 Benchmark Study Report: Women in Commercial Real Estate. This third CREW Network study marks the most extensive industry research to date over an unprecedented 10-year span, tracking and analyzing specialization, compensation and career achievement by gender.

We are happy to report that women occupy more senior vice president, managing director and partner roles in commercial real estate, and are more satisfied with their career success than ever – but there is still work to be done to achieve parity in the industry.

Additional key findings from the study:

  • Women’s career satisfaction and feelings of success increased across all industry specializations. Women with higher commission-based pay reported the highest career satisfaction.
  • The percentage of women with direct reports is now on par with their male counterparts.
  • 28% of women surveyed aspire to the C-suite vs. 40% of men; 47% of women respondents aspire to the senior vice president, managing director or partner levels.
  • In 2015, the industry median annual compensation was $115,000 for women and $150,000 for men – an average income gap of 23.3%. The income gap was widest in the C-suite at 29.8%.
  • One in five women surveyed said that family or marital status has adversely impacted their compensation or careers.

For the first time, CREW Network has also outlined specific action items for industry and organizational leaders to take from this report, which can be found in the report’s Executive Summary and Conclusion.

As members, we are calling on you to share these important research findings with your peers, employers and local media to promote awareness of the advancement and compensation opportunities — and barriers — that still exist for women in the industry.

To assist in your communication and awareness efforts, we have provided a PowerPoint presentation, press release in Word format, sample social media posts and graphics, and speaking points, located here.

Please join us in thanking CBRE, premier underwriter of the study; senior underwriter Prudential and associate underwriters CREW Dallas, Cushman & Wakefield | PICOR, Fidelity National Title and the National Multifamily Housing Council.

Thank you for your support of CREW Network’s research initiatives, and our actions for positive change in commercial real estate.