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Real Estate Development Manager Salary

On average, commissions constitute a fair portion (just under a third) of final income for Real Estate Development Managers. That final number averages out to $88K across the industry. Total incomes of Real Estate Development Managers incorporate potential for, in a few cases, more than $25K from bonuses and close to $20K from profit sharing; these performance components cause packages to range between $53K and $141K. Geographic location is the biggest factor affecting pay for this group, followed by tenure. Most enjoy medical while the larger part get dental coverage. Vision coverage is also available to close to one-half. The majority of workers are highly satisfied with their job. Generally, women make up less than a third of all Real Estate Development Managers who answered the questionnnaire. The information for this snapshot was generated by responses to the PayScale salary survey.
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$51,568 - $124,735
(Median)
$52K
$82K
$120K
MEDIAN: $82,122
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$50K$100K$150K
Salary
$51,568 - $124,735  
   
Bonus
$972 - $25,129  
Profit Sharing
$0.00 - $20,134  
Commission
$6,000 - $35,000  
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).
)
$53,172 - $140,641  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 326

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Job Description for Real Estate Development Manager

The real estate development manager oversees the day-to-day operations for a real estate development. Additionally, they are responsible for the continued growth and development of the company. Most of the time, a manager provides excellent customer service to develop relationships with current and potential clients; this includes answering queries, responding to complaints, and ensuring clients are satisfied. At times, the real estate development manager must forecast new trends in the ever-changing real estate market. They also need basic accounting skills to handle the budgeting aspect of this role; they must successfully develop and manage department and/or project budgets.

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Real Estate Development Manager Tasks

  • Review sites to assess costs and needed steps for zoning, local ordinances, and acceptability.
  • Write recommendations for how to proceed with various properties, neighborhoods and strategies.
  • Analyze existing economic, demographic, market, and environmental variables to identify areas for expansion.

Real Estate Development Manager Job Listings

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Professional skills reported by Real Estate Development Managers are few in number. Those who have experience with Real Estate, Project Management, and Financial Analysis can expect to be compensated well for these skills. Project Management is a skill commonly found among those who know Financial Analysis.

Pay by Experience Level for Real Estate Development Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Real Estate Development Managers generally obtain higher compensation for more plentiful past experience. Salaries for the relatively untried average out to around $71K, but survey participants with five to 10 years of experience earn a significantly higher median of $86K. The average pay reported by folks with 10 to 20 years of experience is around $100K. More than 20 years of experience mean a somewhat bigger median paycheck of $112K, but it's not much more than what less experienced people make.

Related Job Salaries

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Experience Affects Real Estate Development Manager Salaries

Late-Career
up arrow 27%

Experienced
up arrow 13%

National Average
$88,000


Entry-Level
up arrow 19%

Skills That Affect Real Estate Development Manager Salaries

Real Estate
up arrow 5%

Project Management
0%

Financial Analysis
0%

National Average
$88,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 60 votes.

Gender

Female
27 %
Male
73 %

Years of Experience

Less than 1 year
2%
1-4 years
23%
5-9 years
33%
10-19 years
28%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 68%
vision benefits Vision: 49% employee benefits None: 11%