Commercial Property Managers in the United States can expect wages of $60K per year on average. Including potential for bonuses and profit sharing, each hitting highs of $10K, total cash payment to Commercial Property Managers can bottom out at $39K or peak near $93K. Location and career length each impact pay for this group, with the former having the largest influence. Job satisfaction is high and work is enjoyable for most Commercial Property Managers. Medical benefits are awarded to a fair number, and more than half earn dental coverage. This report is based on answers to PayScale's salary questionnaire.
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$40,142 - $88,440
$40K
$60K
$88K
MEDIAN: $60,440
10%
50%
90%

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$13.10 - $32.45
$13
$21
$32
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$32K$64K$96K
Salary
$40,142 - $88,440  
   
Bonus
$483.09 - $10,347  
Profit Sharing
$0.00 - $9,933  
Commission
$1,174 - $20,134  
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).
)
$39,218 - $93,448  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 667
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$16$32$48
Hourly Rate
$13.10 - $32.45  
   
Overtime
$21.53 - $43.34  
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$32K$64K$96K
Bonus
$483.09 - $10,347  
   
Commission
$1,174 - $20,134  
Profit Sharing
$0.00 - $9,933  
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).
)
$39,218 - $93,448  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 77

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United States (change)

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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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While Commercial Property Managers do not often become Regional Directors of Property Management, the job pays $76K per year on average. A common career progression for a Commercial Property Manager is to become a Senior Property Manager or a Real Estate Asset Manager. Compared to Commercial Property Managers, the first group earns $14K more on average, and the second group earns $14K more.

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 Financial Reporting, Operations Management, Contract Negotiation, and Budget Management are correlated to pay that is above average, with boosts between 6 percent and 8 percent. Skills that pay less than market rate include Quickbooks, Real Estate, and Customer Service. Most people who know Budget Management also 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.


Commercial Property Managers do not generally earn higher incomes from more experience in the field. Workers in their first five years can expect to earn $49K, but people who have been around for five to 10 years earn a noticeably bigger sum of $63K. The average pay reported by folks with 10 to 20 years of experience is around $69K. Individuals who have achieved more than 20 years of experience don't seem to earn any more than people who have 10 to 20 years under their belts.

Pay Difference by Location

National Average: $60,966

Larger city markers indicate a job is popular in that 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 (+29 percent), Los Angeles (+25 percent), Irvine (+16 percent), and Dallas (+8 percent). Austin is home to the smallest salaries in the field, lagging the national average by 13 percent. A couple other locations with smaller-than-average paychecks include Portland (13 percent lower) and San Diego (10 percent lower).

Commercial Property Manager Reviews

Q: What is it like working as a Commercial Property Manager?

Commercial Property Manager in El Segundo:
"Property Management."
Pros: What I love most about my job is the creative freedom that I have to try out new ideas and share my thoughts with upper management.
Cons: One bad thing I would say about doing my job is I am stuck behind a desk all day in an office.

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

Key Stats for Commercial Property Manager

Gender

Female
69 %
Male
31 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 112 votes.
Less than 1 year
2%
1-4 years
25%
5-9 years
25%
10-19 years
33%
20 years or more
15%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Commercial Property Manager Salaries




National Average
$61,000


Skills That Affect Commercial Property Manager Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 112 votes.

Gender

Female
69 %
Male
31 %

Years of Experience

Less than 1 year
2%
1-4 years
25%
5-9 years
25%
10-19 years
33%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 59%
vision benefits
Vision: 43%
dental benefits
None: 20%
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