Commercial Property Manager Salary

Median pay for Commercial Property Managers in the United States lies in the neighborhood of $56K per year. Bonuses, profit sharing, and commission all factor into final incomes for Commercial Property Managers. Ranging between $36K near the bottom and $85K near the top, total earnings can include up to $10K from bonuses and up to $5K from profit sharing, with a high-performing minority reaping commissions of $18K. Geographic location and career length each impact pay for this group, with the former having the largest influence. Not all workers are lucky enough to have benefits; in fact, slightly less than a fourth are without coverage. Medical insurance is claimed by a fair number and dental insurance is reported by the greater part. Work is enjoyable for Commercial Property Managers, who typically claim high levels of job satisfaction. Female Commercial Property Managers survey participants are more prevalent than men — 64 percent of professionals. This report is based on responses to the PayScale salary survey.
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$35,845 - $81,156

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$13.61 - $30.14

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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$29K$58K$87K
Salary
$35,845 - $81,156  
   
Bonus
$0.00 - $9,918  
Profit Sharing
$0.00 - $5,195  
Commission
$0.00 - $17,873  
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).
)
$35,690 - $85,333  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 1,047
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
$13.61 - $30.14  
   
Overtime
$0.26 - $34.17  
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 - $9,918  
   
Commission
$0.00 - $17,873  
Profit Sharing
$0.00 - $5,195  
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).
)
$35,690 - $85,333  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 94
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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 might see a strong upturn in salary after transitioning into upper-level roles such as Senior Property Manager, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $75K per year. The most common career progression for Commercial Property Managers leads to becoming a Real Estate Asset Manager, where average pay is $74K annually. However, many Commercial Property Managers also opt to become Property Leasing Managers. Typically, a Property Leasing Manager brings home $34K.

Commercial Property Manager Job Listings

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Popular Skills for Commercial Property Manager


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Real Estate, Financial Reporting, Budget Management, and Contract Negotiation are correlated to pay that is above average, with boosts between 5 percent and 14 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 proficient in Budget Management are, more often than not, also skilled 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.


Commercial Property Managers with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Although individuals who have less than five years' experience earn $47K on average, people with five to 10 years benefit from a notably larger average of $59K. After working for 10 to 20 years, Commercial Property Managers make a median salary of $65K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $69K.

Pay Difference by Location


With a pay rate for Commercial Property Managers that is 55 percent greater than the national average, New York offers a comfortable salary for those in this profession. Commercial Property Managers will also find cushy salaries in San Francisco (+40 percent), Washington (+28 percent), San Jose (+13 percent), and Chicago (+11 percent). The smallest paychecks in the market, 9 percent south of the national average, can be found in Miami. Two other places where employers offer below-median salaries are Atlanta (9 percent less) and Houston (4 percent less).

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 14%



Contract Negotiation
up arrow 4%

Budgeting
up arrow 4%

Operations Management
up arrow 4%

Accounting
up arrow 3%

Property Management
0%

National Average
$57,000

Project Management
up arrow 1%

Customer Relationship Management (CRM)
up arrow 2%





Quickbooks
up arrow 27%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 217 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
2%
1-4 years
26%
5-9 years
29%
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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