The commercial real estate industry is made up of more women now than it was in 2005, but parity issues regarding salary and promotion levels between men and women remain, according to a new study released by the Commercial Real Estate Women (CREW) Network. The study, which follows a similar CREW Network study from five years ago, finds that the number of women entering the field has risen by 7% since 2005.
The wage gap between men and women is narrowing, but is still present, the study shows. More women are now in the $100,000-$250,000 per year salary category, but still fewer than men. Whereas only 8% of women surveyed in 2005 were at the $250,000 level, by this year, that figure had increased to 11%, while the percentage of men in the same compensation category had decreased from 34% to 31%.
The study was administered by the Cornell University Program in Real Estate to more than 2,900 individuals in a variety of specialties within commercial real estate.
SOURCE: CREW Network