Commercial Property Manager Salary

Pay for Commercial Property Managers in the United States sits in the ballpark of $60K per year. Overall cash earnings for Commercial Property Managers vary widely between $39K and $92K; for a few high rollers, the final number can encompass upwards of $10K each from bonuses and profit sharing proceeds. Residence and years of experience each impact pay for this group, with the former having the largest influence. The majority of Commercial Property Managers claim high levels of job satisfaction. Commercial Property Managers survey participants are largely women, dominating at 69 percent. Unfortunately, some people in this line of work are without benefits — roughly one in five lack coverage. On the flip side, a fair number have medical insurance and the larger part receive dental plans. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$39,686 - $87,417
$40K
$60K
$87K
MEDIAN: $60,238
10%
50%
90%

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$12.92 - $33.98
$13
$21
$34
MEDIAN: $20.85
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$31K$62K$93K
Salary
$39,686 - $87,417  
   
Bonus
$498.89 - $10,281  
Profit Sharing
$0.00 - $9,863  
Commission
$900 - $20,226  
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).
)
$38,619 - $92,203  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 644
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$16$32$48
Hourly Rate
$12.92 - $33.98  
   
Overtime
$21.33 - $43.48  
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$32K$64K$96K
Bonus
$498.89 - $10,281  
   
Commission
$900 - $20,226  
Profit Sharing
$0.00 - $9,863  
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).
)
$38,619 - $92,203  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 78

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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

  • 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.
  • Collect rent and track financial data.
  • Act as primary contact with all tenants, respond to inquiries, provide estimates, and coordinate moves.

Common Career Paths for Commercial Property Manager


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Though it's uncommon, some Commercial Property Managers move into roles as Regional Directors of Property Management, where pay is an average $76K per year. A common career progression for a Commercial Property Manager is to become a Senior Property Manager or a Real Estate Asset Manager. Compared to Commercial Property Managers, the first group earns $15K more on average, and the second group earns $15K more.

Commercial Property Manager Job Listings

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Popular Skills for Commercial Property Manager


Commercial Property Managers seem to wield many skills on the job. Most notably, skills in Financial Reporting, Contract Negotiation, Budgeting, and Operations Management are correlated to pay that is above average, with boosts between 5 percent and 9 percent. Skills that seem to negatively impact pay include Quickbooks, Customer Service, and Customer Relations. It is often found that people who know Budget Management are also skilled in Contract Negotiation and Customer Relations.

Pay by Experience Level for Commercial Property Manager

Pay by Experience for a Commercial Property Manager has a positive trend. An entry-level Commercial Property Manager with less than 5 years of experience can expect to earn an average total compensation of $49,000 based on 268 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Commercial Property Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $62,000 based on 249 salaries. An experienced Commercial Property Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $68,000 based on 271 salaries. A Commercial Property Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $70,000 based on 102 salaries.

Pay Difference by Location

National Average: $60,593

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

Home to some of the best pay for Commercial Property Managers, San Francisco offers exceptional salaries, 30 percent above the national average. Commercial Property Managers will also find cushy salaries in Los Angeles (+27 percent), Irvine (+15 percent), Dallas (+8 percent), and Seattle (+8 percent). Trailing the national average by 7 percent, Houston is the market with the smallest paychecks. Workers in Portland and San Diego earn salaries that trail the national average for those in this profession (6 percent less and 5 percent less, respectively).

Commercial Property Manager Reviews

Q: What is it like working as a Commercial Property Manager?

Commercial Property Manager in El Segundo:
"Property Management."
Pros: What I love most about my job is the creative freedom that I have to try out new ideas and share my thoughts with upper management.
Cons: One bad thing I would say about doing my job is I am stuck behind a desk all day in an office.

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

Key Stats for Commercial Property Manager

Gender

Female
69 %
Male
31 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 115 votes.
Less than 1 year
2%
1-4 years
26%
5-9 years
25%
10-19 years
33%
20 years or more
14%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Commercial Property Manager Salaries

▲15%

▲13%

▲3%

National Average
$61,000

▼19%

Skills That Affect Commercial Property Manager Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 115 votes.

Gender

Female
69 %
Male
31 %

Years of Experience

Less than 1 year
2%
1-4 years
26%
5-9 years
25%
10-19 years
33%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 61%
vision benefits
Vision: 45%
no benefits
None: 20%
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