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Women Are Crushing It in Utah Commercial Real Estate: Shattering Barriers and Paving the Way

Posted by Jerad Giottonini on August 8, 2023
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Women Are Crushing It in Utah Commercial Real Estate:

Shattering Barriers and Paving the Way

Commercial real estate has long been a male-dominated industry, but times are changing, and women are breaking through barriers like never before. Utah, located in the heart of the Mountain West region, is witnessing a remarkable surge of women in the CRE sector. This blog post will explore the exciting progress being made by women in Utah’s commercial real estate industry and highlight the need for continued momentum.

The Rise of Women in Utah CRE:

Historically, the gender gap in CRE has been pronounced, but recent years have seen a significant shift towards inclusivity. In Utah, the number of women making their mark in the industry has been steadily increasing. According to the latest statistics, women now represent over 35% of the CRE workforce in the state. This rise is a testament to the determination, talent, and perseverance of women who have taken up roles across various sectors of the industry.

Encouraging Engagement from an Early Age:

To foster the growth and diversification of the Utah commercial real estate industry, it is crucial to engage young minds from an early age. This is where career days play a vital role. Professionals from the industry, including inspiring women leaders, are actively participating in career days at middle and high schools, educating students about the vast opportunities available in CRE. By spreading awareness and demystifying the industry, these initiatives aim to inspire and empower the next generation of women in Utah to pursue careers in commercial real estate.

The Power of Representation:

One of the key factors contributing to the rise of women in Utah’s CRE industry is the increasing visibility of successful women professionals. Role models play a crucial role in inspiring and empowering others, and as more women excel in the field, their success stories serve as beacons of hope for aspiring professionals. Seeing successful women thrive in commercial real estate not only encourages more women to enter the industry but also helps challenge the prevailing stereotypes and biases.

Driving Economic Growth:

Utah’s economy has been on an impressive trajectory, with the commercial real estate sector serving as a vital driver of growth. Women’s increased participation in CRE contributes to economic prosperity by bringing diverse perspectives and skills to the table. Research has shown that companies with diverse leadership teams tend to outperform their peers, and the same principle applies to the CRE industry. As more women take on leadership roles and contribute to strategic decision-making, the industry stands to benefit from their valuable insights and perspectives.

While the progress made by women in Utah’s CRE industry is commendable, there is still work to be done. Efforts to accelerate this positive trend should continue, including fostering mentorship programs, establishing networking opportunities, and advocating for gender diversity in the industry. By creating a supportive ecosystem that embraces and empowers women, Utah can further propel the growth of women in commercial real estate and drive the state’s economic development to new heights.

The landscape of commercial real estate in Utah is rapidly transforming, thanks to the increasing presence of women professionals. As barriers are shattered, women are carving out their spaces in the industry and setting the stage for a more inclusive and prosperous future. By leveraging the power of representation, engaging young minds, and driving economic growth, women in Utah’s CRE sector are leaving an indelible mark. With continued efforts, Utah will continue to see the trend of women’s rise in commercial real estate accelerate, unlocking the full potential of this dynamic industry.

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