Commercial Property Manager Salary

An average Commercial Property Manager in the United States can expect to take home roughly $56K per year. Overall incomes of Commercial Property Managers — including $10K bonuses, $5K profit sharing proceeds, and $18K commissions on the more lucrative end — generally ranges between $35K and $85K. Geographic location and career length each impact pay for this group, with the former having the largest influence. Job satisfaction for Commercial Property Managers is high. The majority of Commercial Property Managers (63 percent) who took the survey are women. Health benefits are not enjoyed by everyone in this line of work, and just under one in four lack any coverage at all. Medical benefits are reported by a fair number and dental coverage is claimed by more than half. This overview is based on answers to PayScale's salary questionnaire.
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$35,628 - $80,592
(Median)
$36K
$56K
$81K
MEDIAN: $55,967
10%
50%
90%

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$12.94 - $30.18
(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
$35,628 - $80,592  
   
Bonus
$103.04 - $9,944  
Profit Sharing
$0.00 - $5,203  
Commission
$0.00 - $17,500  
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).
)
$35,472 - $84,857  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 1,106
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
$12.94 - $30.18  
   
Overtime
$0.00 - $32.98  
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
$103.04 - $9,944  
   
Commission
$0.00 - $17,500  
Profit Sharing
$0.00 - $5,203  
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).
)
$35,472 - $84,857  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | 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 often transition into Senior Property Manager positions, for which compensation tends to be much higher. On average, Senior Property Managers earn $75K per year. Commercial Property Managers most often move into positions as Real Estate Asset Managers or Regional Directors of Property Management; those groups report median salaries that are $17K higher and $17K higher, respectively.

Commercial Property Manager Job Listings

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Popular Skills for Commercial Property Manager


Survey participants wield an impressively varied skill set on the job. Most notably, skills in Real Estate, Financial Reporting, Budget Management, and Operations Management are correlated to pay that is above average, with boosts between 6 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 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 Commercial Property Managers, more experience in the field does not usually mean bigger paychecks. 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 $59K. Commercial Property Managers with one to two decades of relevant experience report an average salary of approximately $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 $70K on average.

Pay Difference by Location


For Commercial Property Managers, working in the bustling city of New York has its advantages, including an above-average pay rate. Commercial Property Managers will also find cushy salaries in San Francisco (+31 percent), Washington (+26 percent), Sacramento (+12 percent), and Los Angeles (+11 percent). Trailing the national average by 11 percent, Houston is the market with the smallest paychecks. A couple other locations with smaller-than-average paychecks include Atlanta (7 percent lower) and Minneapolis (5 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.

Related Job Salaries

United States (change)

Experience Affects Commercial Property Manager Salaries




National Average
$57,000


Skills That Affect Commercial Property Manager Salaries

Real Estate
up arrow 14%



Budgeting
up arrow 4%

Operations Management
up arrow 4%

Contract Negotiation
up arrow 3%

Accounting
up arrow 3%

Property Management
up arrow 1%

Project Management
0%

National Average
$57,000

Customer Relationship Management (CRM)
up arrow 3%

Customer Relations
up arrow 4%




Quickbooks
up arrow 29%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 258 votes.

Gender

Female
63 %
Male
37 %

Years of Experience

Less than 1 year
2%
1-4 years
27%
5-9 years
30%
10-19 years
29%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 75% dental benefits Dental: 56%
vision benefits Vision: 39% employee benefits None: 23%