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Commercial Property Manager Salary (United States)

Annual wages for Commercial Property Managers in the United States typically come in around $54K per year. Final cash compensation to Commercial Property Managers varies from around $35K to approximately $85K; choice pay grades include potential for bonuses and profit sharing as high as $10K and $7K, respectively. Residence and career duration each impact pay for this group, with the former having the largest influence. Unfortunately, some people in this line of work are without benefits — just over one in five lack coverage. On the flip side, a fair portion have medical insurance and more than half receive dental plans. In a profession dominated by women, 63 percent of Commercial Property Managers are female. Most workers in this position report high levels of job satisfaction. Responses to PayScale's salary questionnaire form the basis for this outline.
Commercial Property Manager Salary (?
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.
)
$34,930 - $79,472
(Median)
35K
44K
54K
67K
79K
MEDIAN: $54,387
10%
25%
50%
75%
90%
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Commercial Property Manager Salary (?
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.
)
$12.77 - $29.91
(Median)
13
16
18
25
30
MEDIAN: $18.00
10%
25%
50%
75%
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
$34,930 - $79,472  
   
Bonus
$250.00 - $9,914  
Profit Sharing
$505 - $7,179  
Commission
$0.00 - $17,323  
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).
)
$34,711 - $84,691  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 1,289
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
$12.77 - $29.91  
   
Overtime
$1.67 - $40.19  
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
$250.00 - $9,914  
   
Commission
$0.00 - $17,323  
Profit Sharing
$505 - $7,179  
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).
)
$34,711 - $84,691  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 105
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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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Commercial Property Managers' salaries can rise greatly for those who assume a higher-end position such as a Real Estate Asset Manager. Real Estate Asset Managers usually get paid $75K per year. Going from Commercial Property Manager to Regional Director of Property Management is the transition that occurs most often in this field, where the paychecks are $74K. Many others choose to work as Property Leasing Managers, where pay is typically $34K.

Commercial Property Manager Job Listings

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Popular Skills for Commercial Property Manager

Commercial Property Managers seem to exploit a large range of skills on the job. Most notably, skills in Budget Management, Financial Reporting, Contract Negotiation, and Budgeting are correlated to pay that is above average, with boosts of 9 percent, 8 percent, 5 percent, and 5 percent, respectively. 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 skilled in Budget Management are similarly competent in 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 seems to be a major factor in determining the incomes of Commercial Property Managers. Workers in their first five years can expect to earn $47K, but people who have been around for five to 10 years earn a noticeably bigger sum of $57K. The average pay reported by folks with 10 to 20 years of experience is around $64K. Commercial Property Managers who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $73K. One to nine years of experience is standard for most employees in this area; a majority of respondents fit between this range. Experienced employees who have 10-20 years of experience make up about one in four of the workforce; inexperienced individuals who have been working for less than one year comprise less than two percent, and senior people with more than 20 years under their belt fill out the remaining about one in eight.

Pay Difference By Location

San Francisco
up arrow 33%
Washington
up arrow 30%
New York
up arrow 27%
San Diego
up arrow 17%
Los Angeles
up arrow 16%
Chicago
up arrow 16%
Charlotte
up arrow 14%
Denver
up arrow 13%
Seattle
up arrow 9%
Phoenix
up arrow 8%
up arrow 3%
National Average
$56,000
Miami
up arrow 2%
Houston
up arrow 5%
Atlanta
up arrow 14%
Larger circles over a city indicate a job is popular in that location.
For Commercial Property Managers, busy San Francisco offers a higher-than-average pay rate, 33 percent above the national average. Commercial Property Managers will also find cushy salaries in Washington (+30 percent), New York (+27 percent), San Diego (+17 percent), and Chicago (+16 percent). Trailing the national average by 14 percent, Atlanta is the market with the smallest paychecks. Workers in Houston and Minneapolis earn salaries that trail the national average for those in this profession (5 percent less and 4 percent less, 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.

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Experience Affects Commercial Property Manager Salaries

National Average
$56,000

Skills That Affect Commercial Property Manager Salaries

Budgeting
up arrow 4%
Operations Management
up arrow 3%
Project Management
up arrow 1%
Accounting
0%
Customer Relationship Management (CRM)
0%
National Average
$56,000
Property Management
up arrow 2%
Customer Relations
up arrow 4%
Quickbooks
up arrow 29%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 371 votes.

Gender

Female
63%
female alumni
 
Male
37%
male alumni

Years of Experience

Less than 1 year
2%
1-4 years
28%
5-9 years
30%
10-19 years
27%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 76% dental benefits Dental: 57%
vision benefits Vision: 38% employee benefits None: 22%