Commercial Property Manager Salary

Commercial Property Managers in the United States pull down an average of $58K annually. Total cash incomes of Commercial Property Managers run from $36K to $88K, depending on bonuses that can occasionally exceed $10K, profit sharing that reaches $7K, and some commissions of nearly $18K. Geographic location is the biggest factor affecting pay for this group, followed by career duration. The majority of Commercial Property Managers (65 percent) who took the survey are female. Not all workers are lucky enough to have benefits; in fact, nearly one in five are without coverage. Medical insurance is claimed by a strong majority and dental insurance is reported by the greater part. For the most part, Commercial Property Managers enjoy their work and report high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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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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Commercial Property Managers who advance into the role of a Real Estate Asset Manager are fairly uncommon. Real Estate Asset Managers on average earn $75K per year. 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


Survey results imply that Commercial Property Managers deploy a substantial tool kit of skills at work. 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. Those educated in Budget Management tend to be well versed 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.


More years of relevant experience do not necessarily translate to higher paychecks. Although individuals who have less than five years' experience earn $48K on average, people with five to 10 years benefit from a notably larger average of $60K. Commercial Property Managers bring in $65K after working for 10 to 20 years. People who have worked for more than 20 years report a median income of $70K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location

National Average: $58,458

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

Surpassing the national average by 54 percent, Commercial Property Managers in New York receive some of the highest pay in the country. Commercial Property Managers can also look forward to large paychecks in cities like San Francisco (+38 percent), Washington (+27 percent), Seattle (+16 percent), and San Jose (+12 percent). Atlanta is home to the smallest salaries in the field, lagging the national average by 18 percent. Houston and Miami are a couple other places where companies are known to pay below the median — salaries are 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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