Real Estate Development Manager Salary

Real Estate Development Managers in the United States pull down an average of $82K annually. Cash earnings for Real Estate Development Managers — including $25K in bonuses and $20K in profit sharing proceeds near the top of the pay scale — generally stretch from $53K to $140K depending on individual performance. Career length is the biggest factor affecting pay for this group, followed by geography. Job satisfaction is high and work is enjoyable for most Real Estate Development Managers. Male Real Estate Development Managers are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Medical benefits are awarded to most, and a majority earn dental coverage. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$51,889 - $126,041
(Median)
$52K
$82K
$130K
MEDIAN: $81,761
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
$51,889 - $126,041  
   
Bonus
$974 - $24,987  
Profit Sharing
$-0.50 - $19,866  
Commission
$5,896 - $30,521  
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).
)
$53,345 - $140,134  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 343
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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.

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Popular Skills for Real Estate Development Manager


Real Estate Development Managers report a focused set of job skills. Most notably, skills in Real Estate, Project Management, Financial Analysis, and Contract Negotiation are correlated to pay that is above average. Those listing Contract Negotiation as a skill should be prepared for drastically lower pay. It is not unusual for someone who knows Financial Analysis to be familiar with Project Management as well.

Pay by Experience Level for Real Estate Development 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. The average worker who claims fewer than five years of experience earns around $71K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $85K. Experienced professionals — those with 10 to 20 years in the field — see salaries in the six-figure territory, securing around $101K on average. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $117K on average.

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Experience Affects Real Estate Development Manager Salaries

Late-Career
up arrow 33%

Experienced
up arrow 15%

National Average
$88,000


Entry-Level
up arrow 19%

Skills That Affect Real Estate Development Manager Salaries

Real Estate
up arrow 7%

Project Management
0%

National Average
$88,000

Financial Analysis
up arrow 1%

Contract Negotiation
up arrow 21%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 56 votes.

Gender

Female
23 %
Male
77 %

Years of Experience

Less than 1 year
2%
1-4 years
25%
5-9 years
34%
10-19 years
26%
20 years or more
13%

Common Health Benefits

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