Event Partnerships
WOMEN IN PROPERTY
JLL paves the way for success for female brokers.
“Women in agency face unique challenges and biases in the real estate sector, and the support and encouragement we’ve received from JLL leadership, human resources, diversity champions, clients and the industry are testament to the value in sharing experiences, supporting each other and driving change,” says Annabelle Crowe, capital markets executive and one of WPT’s founding members.
The underrepresentation of women in commercial real estate transactions remains one of the industry’s most persistent issues. The disparity is particularly acute in senior roles and high-value deals, with a knock-on effect on Salaries. Females in the industry earn 84% of what men earn on average according to the advocacy group Narrow the Gap. That gap widens for women in brokerage roles, as well as in executive roles. Barriers to entry and advancement for women in commercial real estate have been longstanding as well as slow to change. But one group is upping the ante. JLL’s Women in Property Transactions network is celebrating one year since it was established by a small group of female brokers at JLL. Its mission: to create more positive and equitable experiences for females in fee-earning roles, increase female representation in those roles, and promote the longevity and seniority of women in their agency careers. The past year has seen the group expand into a large internal network of colleagues that is influencing everything from company policy to grassroots talent and the wider industry.
One of the group’s major accomplishments has been influencing a change to JLL’s parental leave policy removing the disadvantage that once existed for fee-
24 – October / November 2024
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