Commercial Property Manager Salary

For Commercial Property Managers, yearly average wages total $56K annually. Total incomes of Commercial Property Managers incorporate potential for, in a few cases, more than $10K from bonuses and close to $6K from profit sharing; these performance components cause packages to range between $35K and $85K. Geography is the biggest factor affecting pay for this group, followed by tenure. Female Commercial Property Managers are more common than men among those who completed the survey; more than half (64 percent) are women. Health benefits are not enjoyed by everyone in this line of work, and slightly more than a fifth lack any coverage at all. Medical benefits are reported by a strong majority and dental coverage is claimed by a majority. Most Commercial Property Managers like their work and job satisfaction is high. This report is based on responses to the PayScale salary survey.
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$35,635 - $80,592
(Median)
$36K
$56K
$81K
MEDIAN: $55,835
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
$35,635 - $80,592  
   
Bonus
$0.00 - $9,908  
Profit Sharing
$0.00 - $6,000  
Commission
$0.00 - $17,739  
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).
)
$35,461 - $84,683  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 1,069
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 - $9,908  
   
Commission
$0.00 - $17,739  
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).
)
$35,461 - $84,683  
Country: United States | Currency: USD | Updated: 20 Jun 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 results imply that Commercial Property Managers deploy a deep pool of skills on the job. Most notably, skills in Real Estate, Financial Reporting, Budget Management, and Budgeting 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. 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.


For many Commercial Property Managers, extensive experience does not lead to significantly more money. The average worker who claims fewer than five years of experience earns around $47K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $59K. Commercial Property Managers claiming one to two decades of experience make an estimated median of $65K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $69K on average.

Pay Difference by Location


Commercial Property Managers will find that New York offers an impressive pay rate, one which exceeds the national average by 47 percent. Commercial Property Managers can also look forward to large paychecks in cities like San Francisco (+37 percent), Washington (+28 percent), San Jose (+14 percent), and Chicago (+13 percent). In Miami, salaries are 7 percent below the national average and represent the lowest-paying market. Employers also pay below the national average in Atlanta (6 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.

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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%

Operations Management
up arrow 4%

Accounting
up arrow 3%

Property Management
up arrow 1%

Project Management
up arrow 1%

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 225 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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