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Commercial Property Manager Salary

An average Commercial Property Manager in the United States can expect to take home roughly $56K per year. With some bonuses approaching $10K and certain profit sharing proceeds approaching $6K, overall incomes of Commercial Property Managers spread between $35K and $84K depending on individual performance. Geographic location and tenure each impact pay for this group, with the former having the largest influence. Although a fair number have medical coverage and a little more than half have dental coverage, close to one-fourth claim no health benefits at all. Work is enjoyable for Commercial Property Managers, who typically claim high levels of job satisfaction. More than half of Commercial Property Managers (63 percent) survey participants are women. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$35,702 - $80,255
(Median)
$36K
$56K
$80K
MEDIAN: $55,850
10%
50%
90%

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$12.94 - $29.80
(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
$35,702 - $80,255  
   
Bonus
$0.00 - $9,952  
Profit Sharing
$0.00 - $6,000  
Commission
$0.00 - $17,677  
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).
)
$35,448 - $84,456  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 1,086
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
$12.94 - $29.80  
   
Overtime
$0.00 - $32.98  
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 - $9,952  
   
Commission
$0.00 - $17,677  
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).
)
$35,448 - $84,456  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 92

Find Out Exactly What You Should Be Paid

United States (change)


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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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Advancing into a Senior Property Manager role seems to be a popular career move for Commercial Property Managers, and folks who currently work in the latter position report a notably larger median income of $75K per year. Commercial Property Managers typically move into roles as Real Estate Asset Managers or Regional Directors of Property Management, and those positions pay $17K more and $18K more, respectively.

Commercial Property Manager Job Listings

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Popular Skills for Commercial Property Manager


Survey results imply that Commercial Property Managers deploy a substantial tool kit of skills at work. Most notably, skills in Real Estate, Financial Reporting, Budget Management, and Budgeting are correlated to pay that is above average, with boosts between 6 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. Those familiar with Budget Management also tend to 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.


More years of relevant experience do not necessarily translate to higher paychecks. Those in the early stages of their career can expect to make around $48K; however, individuals with five to 10 years of experience bring in $59K on average — a distinctly larger sum. People with 10 to 20 years of experience make an average of about $65K in this role. Commercial Property Managers with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $69K.

Pay Difference by Location


For Commercial Property Managers, San Francisco provides a pay rate that is 32 percent greater than the national average. Commercial Property Managers will also find cushy salaries in New York (+31 percent), Washington (+29 percent), San Jose (+13 percent), and Chicago (+12 percent). Falling short of the national average by 8 percent, the area with the worst salaries is Atlanta. Houston and Miami are a couple other places where companies are known to pay below the median — salaries are 8 percent lower and 7 percent lower, respectively.

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

United States (change)

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%

Operations Management
up arrow 4%

Accounting
up arrow 3%

Project Management
up arrow 1%

Property Management
0%

National Average
$57,000

Customer Relationship Management (CRM)
up arrow 3%





Quickbooks
up arrow 27%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 244 votes.

Gender

Female
63 %
Male
37 %

Years of Experience

Less than 1 year
2%
1-4 years
26%
5-9 years
29%
10-19 years
29%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 75% dental benefits Dental: 55%
vision benefits Vision: 39% employee benefits None: 24%
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