Commercial Property Manager Salary

Commercial Property Managers in the United States take home approximately $58K per year on average. In the world of Commercial Property Managers, total cash compensation can vary between $36K and $88K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $10K and $7K, respectively. Geography and experience level each impact pay for this group, with the former having the largest influence. Most Commercial Property Managers report high levels of job satisfaction. Women account for the majority of Commercial Property Managers who responded to the questionnaire — 65 percent to be exact. While about one in five report receiving no health benefits, a fair number do receive medical coverage, and more than half have dental, as well. Respondents to the PayScale salary survey provided the data for this report.
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$36,177 - $83,773
(Median)
$36K
$58K
$84K
MEDIAN: $57,615
10%
50%
90%

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$12.34 - $30.93
(Median)
$12
$20
$31
MEDIAN: $20
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$30K$60K$90K
Salary
$36,177 - $83,773  
   
Bonus
$0.00 - $9,955  
Profit Sharing
$0.00 - $7,096  
Commission
$0.00 - $18,248  
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).
)
$36,074 - $88,302  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,035
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$15$30$45
Hourly Rate
$12.34 - $30.93  
   
Overtime
$0.00 - $42.87  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$30K$60K$90K
Bonus
$0.00 - $9,955  
   
Commission
$0.00 - $18,248  
Profit Sharing
$0.00 - $7,096  
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).
)
$36,074 - $88,302  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 92
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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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There are some Commercial Property Managers — though it's uncommon — that transition into Real Estate Asset Managers, where earnings are an average $75K annually. The most common promotion for Commercial Property Managers is Senior Property Manager, a position that typically pays $75K annually. Another standard transition for Commercial Property Managers seeking advancement is to assume a Property Leasing Manager role, where pay is often $34K.

Commercial Property Manager Job Listings

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Popular Skills for Commercial Property Manager


Commercial Property Managers seem to require a rather large skill set. Most notably, skills in Financial Reporting, Contract Negotiation, Budgeting, and Budget Management are correlated to pay that is above average, with boosts between 4 percent and 7 percent. Those listing Quickbooks as a skill should be prepared for drastically lower pay. Customer Service and Microsoft Excel also typically command lower compensation. The majority of those who know 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.


Experience does not seem to be a strong driver of pay increase in this role. The average worker who claims fewer than five years of experience earns around $48K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $60K. The average pay reported by folks with 10 to 20 years of experience is around $65K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $70K.

Pay Difference by Location

National Average: $58,458

Larger city markers indicate a job is popular in that location.

For Commercial Property Managers, busy New York offers a higher-than-average pay rate, 54 percent above the national average. Commercial Property Managers will also find cushy salaries in San Francisco (+38 percent), Washington (+27 percent), Seattle (+16 percent), and San Jose (+12 percent). With compensation 18 percent below the national average, Atlanta is not known for hefty paychecks and actually represents the lowest-paying market. Below-median salaries also turn up in Houston and Miami (14 percent lower and 9 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

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Experience Affects Commercial Property Manager Salaries




National Average
$58,000


Skills That Affect Commercial Property Manager Salaries


Contract Negotiation
up arrow 4%

Budgeting
up arrow 4%

Budget Management
up arrow 2%

Property Management
up arrow 1%

Operations Management
up arrow 1%

Accounting
up arrow 1%

Real Estate
0%

National Average
$58,000

Project Management
up arrow 2%

Customer Relationship Management (CRM)
up arrow 2%





Quickbooks
up arrow 26%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 197 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
2%
1-4 years
25%
5-9 years
29%
10-19 years
32%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 77%
dental benefits
Dental: 57%
medical benefits
Vision: 41%
dental benefits
None: 21%
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