Although great strides have been made in achieving gender equality in America, women continue to face significant challenges in the commercial real estate market. In fact, studies show that women are still making less than their male counterparts, even though they are doing the same work. Learn how you can overcome the issues you are facing in the CRE market, and discover how a seasoned attorney can assist you in the process.
Gender Equality Issues in the CRE Market
In a study published by RETS, a commercial real estate recruitment and staffing firm, 618 women in entry- to senior-level CRE market positions revealed their biggest concerns. A startling 87.2 percent said they are concerned about the lack of equal pay, and 65 percent said they had learned that a male counterpart made more than them. Of those, 75 percent claimed they had heard on two or more occasions that a male agent made more than them.
Advancement opportunities were another great concern. In fact, 79.2 percent said they felt they did not have any advancement opportunities within their company, and 61 percent said they felt they had been passed up for an advancement opportunity. Of those women, 85 percent said it had happened on more than one occasion. Additionally, 79.1 percent of women said they did not feel that their opinions were as valued as their male counterparts.
Overcoming Challenges in the CRE Market
While there is little that women can do about the gender gaps in the CRE market, there are measures they can take to ensure their opinions are valued, and that they receive the best possible chances at advancement. First and foremost, women need to speak out when they feel they are being discriminated against over gender. Second, know where to find assistance if you feel you are facing gender discrimination in the workplace, as this is against the law. Lastly, women are encouraged to utilize the resources that are available to them, such as the aid of a lawyer when growing their portfolios.
Contact Our DuPage County Real Estate Attorneys
The CRE market is one of the leading employers in the nation, which means there are many women who could be at a disadvantage on the job. Stock, Carlson, Oldfield & McGrath, LLC advocates for these women to ensure their rights are protected, and we assist them in making sound investment decisions so they can grow and expand their wealth. Discover how our seasoned DuPage County real estate attorneys can assist you. Call 630-665-2500 and schedule a personalized consultation with us today.