with Urban Land Institute/BNP Paribas, Greystar & Arcadis
The property industry is working hard to shake off perceptions about it being synonymous with white men in blue suits. Discussing the gender, ethnicity and class divides, our property podcast brings together the UK chair of Urban Land Institute Vanessa Hale, Arcadis consultant Ayrton Dhillon and Greystar director Adina David to examine the sector’s current efforts.
The property industry is changing for the better, a panel of experts told Property Week, but more still needs to be done to encourage opportunity and diversity throughout the industry. Women currently make up only 22 percent of board members and only 30 percent of senior leadership positions in property, according to PWC’s Real Estate Balance survey this year. Black, Asian, and minority ethnic (BAME) representation is lagging even further behind. A report by RICS found that only 1.2% of the property industry identified as BAME.
“Diversity is not just about gender – it is about ethnicity, it is about age, it’s class, it’s also thinking about elements of mental or physical disabilities. It is the full range of elements that make up diversity – it isn’t just a one trick pony,” Hale says. Recently though the industry has seen a number of platforms and networking groups set up to develop support networks for different minorities.
While the property industry is helping to lead this transformation to a more diverse workforce, there is much more to be done. But it’s clear that the attention is on business to step up these efforts, moving forward into the near future.