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Commercial Property Manager Salary

The average Commercial Property Manager in the United States earns approximately $55K per year. With bonuses occasionally running north of $10K, profit sharing proceeds sometimes surpassing $9K, and a few commissions as high as $17K, total income for Commercial Property Managers can range between $35K and $85K according to individual performance. Geography and experience level each impact pay for this group, with the former having the largest influence. Job satisfaction for Commercial Property Managers is high. Health benefits are not claimed by all — between a fifth and a fourth lack any form of coverage — but a fair number have medical insurance, and a majority have dental, too. Women make up the majority of Commercial Property Managers (63 percent) who completed the questionnaire. The information for this snapshot was generated by responses to the PayScale salary survey.
$35,238 - $79,985
(Median)
35K
44K
55K
67K
80K
MEDIAN: $54,682
10%
25%
50%
75%
90%

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$13.15 - $29.29
(Median)
13
16
19
25
29
MEDIAN: $19.00
10%
25%
50%
75%
90%

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Show Annual Salary Show Hourly Rate

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
$35,238 - $79,985  
   
Bonus
$200.80 - $9,914  
Profit Sharing
$493.16 - $8,940  
Commission
$0.00 - $17,053  
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).
)
$35,203 - $85,158  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 1,203
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
$13.15 - $29.29  
   
Overtime
$0.36 - $37.81  
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
$200.80 - $9,914  
   
Commission
$0.00 - $17,053  
Profit Sharing
$493.16 - $8,940  
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).
)
$35,203 - $85,158  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 99
United States (change)

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 not commonly seen, Commercial Property Managers who transition into a Senior Property Manager position may see a rise in pay. The median salary for Senior Property Managers is $75K per year. A common career progression for a Commercial Property Manager is to become a Real Estate Asset Manager or a Regional Director of Property Management. Compared to Commercial Property Managers, the first group earns $19K more on average, and the second group earns $18K more.

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 Real Estate, Budget Management, Financial Reporting, and Contract Negotiation are correlated to pay that is above average, with boosts between 8 percent and 15 percent. 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 experienced in 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.


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Survey participants with less than five years' experience pocket $47K on average, but those with five to 10 years of experience enjoy a much bigger median of $57K. Commercial Property Managers bring in $64K after working for 10 to 20 years. 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 $72K.

Pay Difference by Location


For those looking to make money, Commercial Property Managers in New York enjoy an exceptional pay rate, 39 percent above the national average. Commercial Property Managers will also find cushy salaries in San Francisco (+32 percent), Washington (+32 percent), Los Angeles (+21 percent), and Chicago (+15 percent). Trailing the national average by 14 percent, Atlanta is the market with the smallest paychecks. Houston and Minneapolis are a couple other places where companies are known to pay below the median — salaries are 9 percent lower and 2 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

Experience Affects Commercial Property Manager Salaries




National Average
$56,000


Skills That Affect Commercial Property Manager Salaries

Real Estate
up arrow 15%




Operations Management
up arrow 4%

Budgeting
up arrow 4%

Project Management
up arrow 3%

Accounting
up arrow 1%

Customer Relationship Management (CRM)
up arrow 1%

Property Management
0%

National Average
$56,000

Customer Relations
up arrow 4%




Quickbooks
up arrow 26%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 318 votes.

Gender

Female
63 %
Male
37 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 76% dental benefits Dental: 56%
vision benefits Vision: 39% employee benefits None: 23%