News

The Global Real Estate DEI Survey has launched a benchmarking gender, ethnicity and nationality survey across the commercial real estate industry globally – and CREFC members are invited to get involved.

CREFC has partnered with 15 commercial real estate associations around the world on this benchmark of Diversity, Equity and Inclusion (DEI) metrics. The associations include:

• AFIRE, APREA, AREF, BPF, Corenet, CREFC, EPRA, NAREIM, NCREIF, OSCRE, PFA, PREA, REALPAC, RICS and ULI
• Ferguson Partners will conduct the survey on behalf of the organizations

The Global Real Estate DEI Survey will remain open for data submissions until September 22. The final results will be released January 17, 2024.

To participate:

• CREFC member firms should click here to access the Global Real Estate DEI Survey portal.
• If you need further information, please contact:
• Nicole Pepe, CRE Finance Council, NPepe@crefc.org or
• Sonya Nicks, Ferguson Partners, SNicks@fergusonpartners.com for access
• The deadline for responses is September 22, 2023. Extensions will not be provided.

FAQs

In 2022, the Global Real Estate DEI Survey received responses from more 190 unique firms, representing 357,041 full-time employees, $2.34tn of assets under management and a cross section of the commercial real estate industry in terms of size, region and business classification.

What does the Global Real Estate DEI Survey track?

• DEI program structure, resources and ownership
• Policies focused on recruitment, retention, training and development, inclusivity, tracking and accountability and pay equity
• Employee demographics by gender, across seniority and job function, as well as DEI hiring, promotion and departure trends year-over-year. In North America, the Survey will also track employee demographics by ethnicity, across seniority and job function.

Key findings included:

• 95% of respondents are addressing issues of DEI
• 85% of respondents addressing DEI set qualitative and/or quantitative or measurable goals
• The main goals are to increase the representation of underrepresented groups at the senior level and improve employee engagement
• Employee demographics across the three regions comprised:
• In Asia-Pacific: Men: 50%; Women: 50%
• In Europe: Men: 60.5%; Women: 39.5%
• In North America: Men 57.5%; Women 42.5%; white 64.6%; people of color 35.4%

Note. All responses are confidential and secure. Participating firms are provided unique passwords to submit data. No association nor participating firm sees or has access to the raw data of other firms. Only aggregated, anonymized results are published.