Volume 6 - Aug. 2024
CREW View: CRE Women Speak
The survey was distributed globally to commercial real estate professionals in June and July of 2024, with more than 1,000 women participating. The report provides insight into the economic climate at the end of Q2 2024 and its impact on women in the industry.
Executive Summary
In Q2 2024, economic concerns remain a focal point for women in commercial real estate, with a slight shift towards optimism. The percentage of women who are very concerned about a downturn decreased from 16% in Q1 to 11%, while those somewhat concerned rose slightly to 68%. The number of women not concerned about the economy increased from 18% to 21%, indicating a cautiously optimistic outlook.
Nearly half of the respondents experienced fewer deal transactions than expected, and 42% reported that the value of their deals was less than anticipated. This marks the highest share of respondents reporting lower deal values since early 2023.
The difficulty in closing deals has increased, with 68% of women indicating greater challenges compared to 56% a year ago. This trend is particularly pronounced in the Multifamily and Hotel/Motel/Hospitality sectors, which are experiencing the most significant obstacles. High interest rates continue to be a major challenge, affecting affordability, costs, and market stability.
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