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Real Estate Development Manager Salary

Real Estate Development Managers in the United States pull down an average of $81K annually. Overall cash earnings for Real Estate Development Managers stretch from $53K on the lower end to $139K near the top, and the heftiest packages can encompass around $25K from bonuses and $20K from profit sharing. Career length is the biggest factor affecting pay for this group, followed by geography. Most report receiving medical coverage from their employers and the larger part collect dental insurance. Job satisfaction is reported as high by the vast majority of workers. Making up 77 percent of those who took the survey, male Real Estate Development Managers greatly outnumber their female counterparts. The numbers in this rundown were provided by PayScale's salary survey participants.
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$51,593 - $124,659
(Median)
$52K
$81K
$120K
MEDIAN: $80,886
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
$51,593 - $124,659  
   
Bonus
$970 - $25,142  
Profit Sharing
$0.00 - $20,134  
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).
)
$53,193 - $138,761  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 327

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United States (change)


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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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Popular Skills for Real Estate Development Manager


Survey takers who work as 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. Competency in Financial Analysis frequently indicates knowledge 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.


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Salaries of relatively inexperienced workers fall in the neighborhood of $70K, but folks who have racked up five to 10 years see a notably higher median of $84K. Real Estate Development Managers with one to two decades of relevant experience report an average salary of approximately $99K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $113K.

Related Job Salaries

United States (change)

Experience Affects Real Estate Development Manager Salaries

Late-Career
up arrow 31%

Experienced
up arrow 15%

National Average
$87,000


Entry-Level
up arrow 19%

Skills That Affect Real Estate Development Manager Salaries

Real Estate
up arrow 7%

Project Management
0%

Financial Analysis
0%

National Average
$87,000

Contract Negotiation
up arrow 20%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 59 votes.

Gender

Female
23 %
Male
77 %

Years of Experience

Less than 1 year
2%
1-4 years
23%
5-9 years
34%
10-19 years
28%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 68%
vision benefits Vision: 50% employee benefits None: 11%
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