Chicago Mayor Gives Up On Property Tax Hike

Major cities such as Boston and Washington, D.C., have long ruled the science and technology industries. But Raleigh, with its abundance of resources, is also making a name for itself.  Massive research hubs, such as the nation’s largest life sciences park, the 7,000-acre Research Triangle Park, have had a striking…

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The discussion around real estate’s diversity problem has quieted over the last two years. 

As the industry faced a dramatic slowdown in the market, and as a now-ascendent faction of American politics called for an end to diversity, equity and inclusion efforts, the push to increase representation at real estate companies seemed to take a back seat. 

According to a new Bisnow investigation, the industry has still made some progress over the last year in adding more people of color and women at its highest levels, but the C-suites at 100 of the largest companies remain more than 85% white and over 70% male.

The investigation looked at the 40 developers and investors with the biggest CRE portfolios plus the 20 REITs with the most assets, the 20 lenders with the largest CRE books and the 20 brokerage firms with the most employees. 

This is the fifth year Bisnow has tracked upper-level diversity in the industry, and the list of companies in the analysis has evolved in order to capture a more complete picture of the largest firms in each sector — a change that will be further detailed in the methodology section below. 

The C-suites of the 100 companies Bisnow investigated this year have 1,195 executives, of which 14.5% are people of color and 27.2% are women. 

The companies have 764 board members that are publicly listed, of which 20.6% are people of color and 31.8% are women. 

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