Real Estate Development Manager Salary

Median pay for Real Estate Development Managers in the United States is around $86K per year. Total cash earnings of Real Estate Development Managers range from $55K on the low end to $144K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $26K and $20K, respectively. Location and experience level each impact pay for this group, with the former having the largest influence. A large number enjoy medical while the larger part get dental coverage. Vision coverage is also available to close to one-half. Most Real Estate Development Managers report high levels of job satisfaction. 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. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$53,217 - $127,125
(Median)
$53K
$86K
$130K
MEDIAN: $86,039
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$50K$100K$150K
Salary
$53,217 - $127,125  
   
Bonus
$973 - $25,630  
Profit Sharing
$500 - $20,000  
Commission
$6,750  
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).
)
$54,882 - $143,689  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 440
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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 results imply that Real Estate Development Managers put a diverse skill set to use. Most notably, skills in Real Estate, Financial Modeling, Budget Management, and Project Management are correlated to pay that is above average, with boosts between 3 percent and 8 percent. Those listing Contract Negotiation and Design as skills, on the other hand, should be prepared for drastically lower pay. Those educated in Financial Analysis tend to be well versed in Contract Negotiation.

Pay by Experience Level for Real Estate Development Manager

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


For many Real Estate Development Managers, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Respondents with less than five years' experience take home $74K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $94K. Professionals who claim 10 to 20 years of experience can secure some pretty cushy paychecks; the median for this group is a six-figure $104K. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $119K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

Pay Difference by Location

National Average: $92,955

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

Washington offers some of the highest pay in the country for Real Estate Development Managers, 27 percent above the national average. Real Estate Development Managers will also find cushy salaries in San Diego (+19 percent), Los Angeles (+19 percent), Miami (+13 percent), and Atlanta (+13 percent). Real Estate Development Managers in Indianapolis earn salaries far below the national average by 26 percent, proving that geography overwhelmingly affects the pay scale for those in this field. Employers also pay below the national average in Dallas (13 percent lower) and Philadelphia (6 percent lower).

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Experience Affects Real Estate Development Manager Salaries

Late-Career
up arrow 28%



National Average
$93,000


Skills That Affect Real Estate Development Manager Salaries


Financial Modeling
up arrow 7%

Budget Management
up arrow 3%

Project Management
up arrow 2%

Financial Analysis
up arrow 1%

National Average
$93,000

Design
up arrow 15%

Contract Negotiation
up arrow 20%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 68 votes.

Gender

Female
24 %
Male
76 %

Years of Experience

Less than 1 year
1%
1-4 years
27%
5-9 years
32%
10-19 years
27%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 67%
medical benefits
Vision: 49%
dental benefits
None: 15%
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