Volume 5 - June 2024

The survey was distributed globally to commercial real estate professionals in May 2024, with nearly 1,000 women participating. Questions covered global economic sentiment, dealmaking, factors contributing to stagnation in the industry, and professional development support.

This report provides an exploratory analysis of prevailing sentiments within the industry at the close of Q2 2024. Below is a summary of the results, capturing the valuable insights shared by women in commercial real estate.

Executive Summary
The percentage of women who found dealmaking more difficult in Q2 increased to 66%, a 10% rise from the same time last year. Meanwhile, those who felt it was “business as usual” decreased from 42% to 31%. When asked about the factors that influence difficulties in getting deals done, high interest rates and financing challenges emerged as the primary factor. The impact is felt across various dimensions of dealmaking, from reduced affordability and increased costs to slower decision-making and heightened market volatility.

Among women, 16% are very concerned about a potential economic downturn, and 66% are somewhat concerned. Meanwhile, 18% remain optimistic and expect better times ahead. In contrast, men exhibit higher levels of concern, with 31% very concerned and 46% somewhat concerned, while 23% express optimism.

Most respondents (69%) believe that lower interest rates will significantly boost the CRE industry this year, with expectations of stabilized or decreased economic inflation (49%) and increased available capital and funding (47%) rounding out the top three factors. Only 14% of respondents do not expect to see growth in the commercial real estate industry in 2024.

Amidst the continued industry and economic uncertainty, the survey revealed varied levels of company support for professional and leadership development. 62% of women have asked for leadership development support this year, while 38% have not asked for support, with the majority of respondents citing budget reductions. 61% feel their companies are very supportive, emphasizing a strong commitment to employee growth. However, 39% find their companies only somewhat or not supportive at all, highlighting the need for increased access to development programs to better meet employee expectations and foster career advancement.