Women Play a Major Role in Atlanta Real Estate
Women and real estate go together like chicken and waffles, especially in Atlanta. Since 2010, Georgia’s capital city has welcomed over 700,000 new residents, making it the fourth-fastest growing metro in the nation. That’s great news for real estate professionals across the board, including women trying to make a name for themselves in this industry. Well, that’s exactly what rising commercial real estate star, Cloteen Jasmin, has accomplished.
This past February, Ryan Companies US, Inc., a nationwide developer, builder, designer, and property manager offering a full gamut of commercial real estate plays, announced that Cloteen Jasmin will head up the Atlanta division as the “Atlanta Market Leader”. Through this role, she will steer the company’s construction and real estate management initiatives in the region, including the completion of a 345,000 square-foot customer fulfillment center for retail giant Kroger in Forest Park.
“Atlanta is uniquely poised to successfully bounce back from the pandemic as key indicators in the industrial and multifamily sectors signal healthy demand relative to other markets,” Jasmin says on the Ryan Companies site.
Of course, momentum in the commercial real estate market is also a good sign for the residential market. In our 2021 outlook on Georgia real estate, the data shows that the residential market could rise as much as 10.1% over the next year for many of the same reasons that the commercial market is succeeding, e.g. high demand for real estate, limited inventory, and a strong economic forecast.
“I look forward to getting started and am confident in our ability to continue to expand our client roster and build upon the relationships we have established as we plan for the decade ahead,” stated Jasmin, who has over 20 years of transnational experience.
In terms of commercial real estate, her appointment is a significant step forward in an otherwise male-dominated segment of the industry. With that said, the hope is that many more women continue to rise into roles that historically haven’t been available based on gender discrimination.
Women and Real Estate
In the United States, ~67.0% of all residential real estate agents are women. However, it wasn’t always that way. According to our blog/video, “The History of Women in Real Estate”, women have played an essential role in the industry as early as 1794, but it wasn’t until the early 1950s that women broke through the field.
Even in today’s larger, more-inclusive industry, there’s a lot of work left to be done. In commercial real estate, women only make up 36.7% of the industry — a figure that’s remained stagnant for the past 15+ years.
Additionally, the CREW 2020 Benchmark Study Report notes that women in commercial real estate earn approximately 10.2% less than their male counterparts, and the commission and bonus gap remains at a staggering 55.9%. Still, progress is being made. Greater numbers of younger women are entering the industry than ever before and they, like Cloteen Jasmin, have their sights set high.
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*Hero image source: Ryan Companies