Real Estate Development Manager Salary (United States)

For Real Estate Development Managers, commissions account for a significant portion of income and add up to 34 percent of their $88,027 annual pay. Pay starts at $53,847 and can approach $144,370 per year on the higher side. Career duration is the biggest factor affecting pay for this group, followed by geography. A strong majority report receiving medical coverage from their employers and more than half collect dental insurance. Most Real Estate Development Managers are men (77 percent). Most Real Estate Development Managers report high levels of job satisfaction. Responses to PayScale's salary questionnaire form the basis for this outline.
Real Estate Development 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.
)
$52,406 - $125,782
(Median)
52K
81K
100K
130K
MEDIAN: $80,688
10%
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$50K$100K$150K
Salary
$52,406 - $125,782  
   
Bonus
$996 - $25,492  
Profit Sharing
$1,939 - $15,456  
Commission
$15,500 - $42,500  
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).
)
$53,847 - $144,370  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 284
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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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Real Estate Development Managers usually report a few specific skills. Aptitude in Financial Analysis tends to also indicate an understanding of Project Management.

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 with a rich background of experience are typically rewarded with larger paychecks. Salaries can reach $86K from $77K after five to 10 years. Experienced workers—those with 10 to 20 years in the field—see salaries climb into six-figure territory, bringing in about $100K. Wages do not stop growing after 20 years on the job, and Real Estate Development Managers tend to earn $121K at this point in time. Experienced employees who have 10-20 years of experience make up about a third of the workforce; inexperienced individuals who have been working for less than one year comprise 1 percent, and senior people with more than 20 years under their belt fill out the remaining 13 percent. More than half of the workforce has between one and nine years of experience.

Pay Difference By Location

New York
up arrow 32%
Seattle
up arrow 24%
Washington
up arrow 22%
Los Angeles
up arrow 14%
Boston
up arrow 11%
Dallas
up arrow 9%
Philadelphia
up arrow 3%
Denver
up arrow 2%
Atlanta
up arrow 1%
National Average
$88,000
Larger circles over a city indicate a job is popular in that location.
Real Estate Development Managers will find that New York offers an impressive pay rate, one which exceeds the national average by 32 percent. Other big spenders include Seattle, Washington, Los Angeles, and Boston, top-paying cities where Real Estate Development Managers see paychecks higher than average (+24 percent, +22 percent, +14 percent, and +11 percent).

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Experience Affects Real Estate Development Manager Salaries

Late-Career
up arrow 37%
Experienced
up arrow 14%
National Average
$88,000
Mid-Career
up arrow 3%
Entry-Level
up arrow 18%

Skills That Affect Real Estate Development Manager Salaries

Project Management
up arrow 1%
Financial Analysis
up arrow 1%
National Average
$88,000

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 61 votes.

Gender

Female
23%
female alumni
 
Male
77%
male alumni

Years of Experience

Less than 1 year
1%
1-4 years
23%
5-9 years
34%
10-19 years
29%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 65%
vision benefits Vision: 48% employee benefits None: 12%