Industry News

Real estate lacks diversity

Report reveals minority opportunities lacking in industry

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The real estate industry is falling behind in the movement towards workplace diversity in corporate America, according to a new study. The report, completed by FPL Associates, reveals insufficient opportunities for minorities in real estate and details some successful diversity initiatives within a few real estate companies. "Corporate America is undergoing rapid, fundamental changes in the demographics of its employees and customers. As workplace diversity increases and minority buying power grows, it's clear that success in tomorrow's real estate industry requires the successful implementation of diversity initiatives," said Bill Ferguson, co-chairman of FPL. FPL's study provides current perspectives and quantitative measurements of diversity in the real estate industry. "Our goal," said Ferguson "is to create awareness of the status quo and define a path towards effectively driving new workplace initiatives." "Today, minority groups as a whole are the majority in several of th...