Commercial Property Manager Salary (United States)

Commercial Property Managers in the United States can expect to earn an average of $55,668 per year. The range in pay spans from $34,711 to $84,691 per year. Individual bonuses, profit sharing and commission for Commercial Property Managers—as high as $9,914, $7,179 and $17,323, respectively—each contribute to the degree of variability within cash compensation, ranging from $34,930 to $79,472. Residency and experience level each impact pay for this group, with the former having the largest influence. Health benefits are not enjoyed by everyone in this line of work, and 22 percent lack any coverage at all. Medical benefits are reported by most and dental coverage is claimed by more than half. In a profession dominated by women, 63 percent of Commercial Property Managers are female. The majority of workers are highly satisfied with their job. This overview is based on answers to PayScale's salary questionnaire.
Commercial Property Manager Salary (?
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.
)
$34,930 - $79,472
(Median)
35K
44K
54K
67K
79K
MEDIAN: $54,387
10%
25%
50%
75%
90%
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Commercial Property Manager Salary (?
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.
)
$12.77 - $29.91
(Median)
13
16
18
25
30
MEDIAN: $18.00
10%
25%
50%
75%
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
$34,930 - $79,472  
   
Bonus
$250.00 - $9,914  
Profit Sharing
$505 - $7,179  
Commission
$0.00 - $17,323  
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).
)
$34,711 - $84,691  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 1,289
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
$12.77 - $29.91  
   
Overtime
$1.67 - $40.19  
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
$250.00 - $9,914  
   
Commission
$0.00 - $17,323  
Profit Sharing
$505 - $7,179  
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).
)
$34,711 - $84,691  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 105
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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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For Commercial Property Managers, career progression typically leads to a rather large increase in compensation. Usually, an upper-level role like a Real Estate Asset Manager will earn an extra $19,237 annually than those further down the career ladder. With an annual $18,635 increase in salary, a Regional Director of Property Management is the most common role for Commercial Property Managers to subsequently assume on their way up the ladder. Transitioning into a Property Manager role—which actually slashes pay by $22K—is also typical for Commercial Property Managers, though less common by comparison.

Commercial Property Manager Job Listings

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Popular Skills for Commercial Property Manager

Commercial Property Managers report using a deep pool of skills on the job. Most notably, skills in Budget Management, Financial Reporting, Contract Negotiation, and Budgeting are correlated to pay that is above average, with boosts of 9 percent, 8 percent, 5 percent, and 5 percent, respectively. 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 generally obtain higher salaries for more plentiful past experience. Though starting salaries approximate $47K, they climb to $57K after five to 10 years. Between 10 and 20 years, pay reaches $64K. Commercial Property Managers experience solid salary growth after working for two decades, bringing in around $77K. Experienced employees who have 10-20 years of experience make up 27 percent of the workforce; inexperienced individuals who have been working for less than one year comprise 2 percent, and senior people with more than 20 years under their belt fill out the remaining 13 percent. More than half of respondents report one to nine years of experience.

Pay Difference By Location

San Francisco
up arrow 33%
Washington
up arrow 30%
New York
up arrow 27%
San Diego
up arrow 17%
Los Angeles
up arrow 16%
Chicago
up arrow 16%
Charlotte
up arrow 14%
Denver
up arrow 13%
Seattle
up arrow 9%
Phoenix
up arrow 8%
up arrow 3%
National Average
$56,000
Miami
up arrow 2%
Houston
up arrow 5%
Atlanta
up arrow 14%
Larger circles over a city indicate a job is popular in that location.
With a pay rate for Commercial Property Managers that is 33 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Washington, New York, San Diego, and Chicago also offer top salaries for Commercial Property Managers. Workers in these cities can expect to earn about 30 percent, 27 percent, 17 percent, and 16 percent more, respectively. Falling short of the national average by 14 percent, the area with the worst salaries is Atlanta. Employers in Houston and Minneapolis also lean toward paying below-median salaries (-5 percent and -4 percent, 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

Budgeting
up arrow 4%
Operations Management
up arrow 3%
Project Management
up arrow 1%
Accounting
0%
Customer Relationship Management (CRM)
0%
National Average
$56,000
Property Management
up arrow 2%
Customer Relations
up arrow 4%
Quickbooks
up arrow 29%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 371 votes.

Gender

Female
63%
female alumni
 
Male
37%
male alumni

Years of Experience

Less than 1 year
2%
1-4 years
28%
5-9 years
30%
10-19 years
27%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 76% dental benefits Dental: 57%
vision benefits Vision: 38% employee benefits None: 22%
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