The commercial property investing industry has, for a long time, been male-dominated. However, in recent years, women have made noteworthy progress by joining the field and bringing about significant changes. Thanks to their hard work, women are no longer just assistants or support staff in the industry but are now becoming actively involved as investors and decision-makers.
According to research, women make up 36% of all real estate investors. Additionally, the number of women-owned businesses in commercial real estate has increased by 43% over the past decade, a trend expected to continue as more women enter the industry and strive to succeed.
Thanks to the shift in attitude towards women in workspaces, they are gradually tapping into their productivity, with companies now recognizing the value they bring to the table in contribution to success.
Additionally, women are gaining confidence in their abilities and pursuing careers in fields previously male-dominated. And as such, leaping into the commercial sector with the following factors all carefully considered.
- Gain a solid understanding of commercial real estate.
- Cultivate a strong network of contacts in the commercial real estate industry, including brokers, investors, lenders, and other professionals.
- Stay informed about the latest market trends, real estate cycles, and economic indicators.
- Enhance financial literacy and understanding of cash flow analysis, return on investment calculations, and property valuation methods to enable you to evaluate investment opportunities effectively.
- Define clear investment goals, risk tolerance, and a comprehensive investment strategy.
- Explore various financing options available to fund your investments, such as mortgages.
- Master negotiation skills to secure favourable deals. Be assertive and conduct extensive due diligence.