This is excellent news as to changing attitudes in the commercial real estate industry on diversity, equity and inclusion ("DEI") measures, but there is still much work to do in this area, especially in the southern portion of the United States. The world of residential real estate, especially residential brokerage, has always appeared to be ahead of the curve in regards to DEI measures. Those of us who work in the commercial real estate realm can learn much from their example.
The survey found that 95% of respondents are addressing issues of DEI either by having a formal program or by enacting initiatives and policies to improve the representation of women and underrepresented groups. Of those with a formal DEI program, more than 85% set qualitative and/or quantitative or measurable goals.
