Commercial Property Manager Salary

Earnings for Commercial Property Managers in the United States come in at around $56K per year on average. Cash earnings of Commercial Property Managers — including $10K in bonuses, $6K in profit sharing proceeds, and $18K in commissions near the top of the pay scale — stretch from approximately $35K to approximately $85K depending on individual performance. Location and tenure each impact pay for this group, with the former having the largest influence. The majority of Commercial Property Managers (64 percent) who took the survey are female. Some workers in this field — just under a fourth — are not awarded benefits. Medical coverage is reported by a fair number and dental plans are enjoyed by the larger part. Job satisfaction for Commercial Property Managers is high. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$35,597 - $80,921
(Median)
$36K
$56K
$81K
MEDIAN: $55,812
10%
50%
90%

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$12.97 - $29.83
(Median)
$13
$19
$30
MEDIAN: $19.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$29K$58K$87K
Salary
$35,597 - $80,921  
   
Bonus
$0.00 - $9,912  
Profit Sharing
$0.00 - $6,000  
Commission
$0.00 - $17,804  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$35,424 - $84,948  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 1,062
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$15$30$45
Hourly Rate
$12.97 - $29.83  
   
Overtime
$0.21 - $34.33  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30K$60K$90K
Bonus
$0.00 - $9,912  
   
Commission
$0.00 - $17,804  
Profit Sharing
$0.00 - $6,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$35,424 - $84,948  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 93
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Job Description for Commercial Property Manager

Commercial property managers provide support services for the commercial property or properties that they oversee. They usually have a management agreement with the property tenants that list what they are able to assist with and what are the tenants' responsibility. Commercial property managers typically maintain the interior and exterior of the buildings (such as the mowing the yard and painting) , collect rent from the tenants, create and keep documents up to date, and make sure tenants follow building regulations.

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Commercial Property Manager Tasks

  • Collect rent and track financial data.
  • Act as primary contact with all tenants, respond to inquiries, provide estimates, and coordinate moves.
  • Track all property information, including tenants, vacancies, rent statements, disbursements, and facility management.
  • Market properties, find tenants to fill vacancies, showproperties, and update the exteriors.

Common Career Paths for Commercial Property Manager


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Many Commercial Property Managers move into a Senior Property Manager role, and folks who currently hold that position report a much higher median income of $75K per year. The most common next step for a Commercial Property Manager is to become a Real Estate Asset Manager or a Regional Director of Property Management. The former position pays an additional $17K per year on average, and the latter position pays $18K more per year.

Commercial Property Manager Job Listings

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Popular Skills for Commercial Property Manager


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Real Estate, Financial Reporting, Budget Management, and Operations Management are correlated to pay that is above average, with boosts between 5 percent and 15 percent. Those listing Quickbooks as a skill should be prepared for drastically lower pay. Microsoft Office and Customer Service also typically command lower compensation. Most people experienced in Budget Management also know Contract Negotiation and Customer Relations.

Pay by Experience Level for Commercial Property Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Commercial Property Managers with a lot of experience do not necessarily enjoy more money. Salaries of relatively inexperienced workers fall in the neighborhood of $47K, but folks who have racked up five to 10 years see a notably higher median of $59K. After working for 10 to 20 years, Commercial Property Managers make a median salary of $65K. People who have worked for more than 20 years report a median income of $69K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location


With a pay rate for Commercial Property Managers that is 55 percent greater than the national average, New York offers a comfortable salary for those in this profession. Commercial Property Managers will also find cushy salaries in San Francisco (+39 percent), Washington (+28 percent), San Jose (+14 percent), and Chicago (+12 percent). Atlanta is the lowest-paying area, 8 percent south of the national average. A couple other locations with smaller-than-average paychecks include Miami (7 percent lower) and Houston (4 percent lower).

Commercial Property Manager Reviews

What is it like working as a Commercial Property Manager?

Commercial Property Manager in Atlanta:
"Building Relationships."
Pros: I run the show completely. From planning, maintenance supervision, repairs to rent collections and court procedures. At the same time I have established wonderful relationships with all the tenants (referrals available). My expertise is highly respected by the owners.
Cons: This company has no benefit plans nor does it offer incentives that rewards my work. I am a budget hawk which they always thank me for but never anything more.

Related Job Salaries

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Experience Affects Commercial Property Manager Salaries




National Average
$57,000


Skills That Affect Commercial Property Manager Salaries

Real Estate
up arrow 15%




Contract Negotiation
up arrow 4%

Budgeting
up arrow 4%

Accounting
up arrow 3%

Property Management
up arrow 1%

Project Management
0%

National Average
$57,000

Customer Relationship Management (CRM)
up arrow 2%





Quickbooks
up arrow 27%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 221 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
2%
1-4 years
26%
5-9 years
30%
10-19 years
30%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 75% dental benefits Dental: 56%
vision benefits Vision: 40% employee benefits None: 23%
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