In 2021, commercial real estate achieved slow but meaningful progress toward greater diversity, equity and inclusion within its ranks. Still, the vast majority of real estate executives remain White men — and according to a new Bisnow analysis, many companies have struggled or failed to implement plans to address their firms’ lack of diversity. But 17 months after large swaths of the industry vowed to further the diversity, equity and inclusion of people of color at their organizations, many companies have taken action — and change is decidedly happening. “I think what the change to date shows is that if you are intentional about trying to increase diversity in your senior levels, you can find it, and so the flipside is if you currently don’t have it, it implies that you haven’t been intentional about seeking diversity at those levels,” said Real Estate Executive Council CEO Ken McIntyre, who sits on Newmark’s board of directors. 
Last year, Bisnow began tracking and analyzing the highest levels of leadership at the largest companies in the industry, across brokerages, financial firms, and public and private developers. The findings shed light on the racial and ethnic makeup of the top executives in the multitrillion-dollar industry and showed just…  Read the full story here. | 
