Volume 2 - June 2023

The survey was distributed globally to commercial real estate professionals between April 24 and May 8, 2023, with more than 1,200 women participating. Questions covered a range of industry topics, asset classes, and disciplines.

Executive Summary

Across different industry sectors, there was a notable consistency in sentiment about the economic outlook in the second quarter of 2023. Most women expressed a moderate level of concern and held a shared belief that a short or mild recession may be on the horizon. Fewer than 20% of respondents reported that the value of deals and volume of deal transactions exceeded expectations for the quarter.

Over half of the respondents experienced more difficulty with deal closures than usual, with the multifamily sector standing out as the most impacted. Nearly three out of four women in this sector faced increased challenges related to business deals.

The recent banking crisis had a global impact, challenging businesses, eroding public trust, and increasing regulations. Close to 90% of respondents felt the crisis had at least some impact on the global commercial real estate market.

Sentiment for the office sector was positive, with 15% of women seeing an increase in occupancy in their markets and 51% observing the same steady occupancy as Q1. On the AI and Chat GPT front, just over 10% of respondents are actively using the technology and less than half have discussed potential applications of these technology related tools.