Women make up just a third of the commercial real estate industry, and only 2% of C-level positions are held by Black men. A new initiative sets clear goals for increasing diversity.
Commercial real estate has a diversity problem. The people who buy, sell, and manage commercial real estate in the United States are overwhelmingly white and male, with women making up only about a third of the workforce and only 2% of C-level positions held by Black men. A new effort is aimed at changing that—and changing the kinds of investments the industry makes.