Real Estate Development Manager Salary

The average salary for a Real Estate Development Manager is $88,493 per year. Experience has a moderate effect on pay for this job. People in this job generally don't have more than 20 years' experience. A skill in Business Development is associated with high pay for this job.
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$53,111 - $138,022
$53K
$88K
$140K
MEDIAN: $88,493
10%
50%
90%

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$15.21 - $59.18
$15
$31
$59
MEDIAN: $30.83
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$60K$120K$180K
Salary
$53,111 - $138,022  
   
Bonus
$1,454 - $31,248  
Profit Sharing
$0.00 - $18,094  
Commission
$3,500  
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).
)
$54,947 - $150,914  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 358
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$30$60$90
Hourly Rate
$15.21 - $59.18  
   
Overtime
$48.75  
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$60K$120K$180K
Bonus
$1,454 - $31,248  
   
Commission
$3,500  
Profit Sharing
$0.00 - $18,094  
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).
)
$54,947 - $150,914  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 11

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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

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

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Popular Skills for Real Estate Development Manager

Pay by Experience Level for Real Estate Development Manager

Pay by Experience for a Real Estate Development Manager has a positive trend. An entry-level Real Estate Development Manager with less than 5 years of experience can expect to earn an average total compensation of $74,000 based on 164 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Real Estate Development Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $99,000 based on 134 salaries. An experienced Real Estate Development Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $113,000 based on 128 salaries. A Real Estate Development Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $137,000 based on 44 salaries.

Pay Difference by Location

National Average: $96,028

Larger city markers indicate a job is popular in that location.

Related Job Salaries

Key Stats for Real Estate Development Manager

Gender

Female
28 %
Male
72 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 54 votes.
Less than 1 year
1%
1-4 years
31%
5-9 years
26%
10-19 years
30%
20 years or more
12%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Real Estate Development Manager Salaries

▲42%

▲18%

▲3%

National Average
$96,000

▼23%

Skills That Affect Real Estate Development Manager Salaries

Business Development
▲11%

Budget Management
▲9%

▲3%

▲3%




National Average
$96,000

Contractor Management
▼6%

Microsoft Excel
▼15%

Contract Negotiation
▼19%

Construction Estimating
▼22%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 54 votes.

Gender

Female
28 %
Male
72 %

Years of Experience

Less than 1 year
1%
1-4 years
31%
5-9 years
26%
10-19 years
30%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 70%
vision benefits
Vision: 58%
no benefits
None: 15%