For Real Estate Development Managers, annual average wages total $88K per year. Cash earnings for Real Estate Development Managers — including $31K in bonuses and $18K in profit sharing proceeds near the top of the pay scale — generally stretch from $55K to $150K depending on individual performance. Career length and the particular city each impact pay for this group, with the former having the largest influence. 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. Work is enjoyable for Real Estate Development Managers, who typically claim high levels of job satisfaction. Medical benefits are awarded to a large number, and the greater part earn dental coverage. This report is based on responses to the PayScale salary survey.
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$53,288 - $136,524
$53K
$88K
$140K
MEDIAN: $87,837
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$50K$100K$150K
Salary
$53,288 - $136,524  
   
Bonus
$1,526 - $31,071  
Profit Sharing
$0.00 - $17,934  
Commission
$2,500  
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).
)
$55,034 - $149,798  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 369
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$25$50$75
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$50K$100K$150K
Bonus
$1,526 - $31,071  
   
Commission
$2,500  
Profit Sharing
$0.00 - $17,934  
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).
)
$55,034 - $149,798  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 11

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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

  • 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


Survey takers working as Real Estate Development Managers report using a large range of professional skills. Most notably, skills in Business Development, Budget Management, Contractor Management, and Design are correlated to pay that is above average, with boosts between 7 percent and 13 percent. Those listing Construction Estimating as a skill should be prepared for drastically lower pay. Contract Negotiation and Microsoft Excel also typically command lower compensation. Most people experienced in Financial Analysis also know Contract Negotiation.

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 for the relatively untried average out to around $75K, but survey participants with five to 10 years of experience earn a significantly higher median of $97K. Between 10 and 20 years, pay surpasses six figures; at this stage, the average professional scores around $110K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $133K on average.

Pay Difference by Location

National Average: $94,899

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

With a pay rate for Real Estate Development Managers that is 28 percent greater than the national average, Washington offers a comfortable salary for those in this profession. Real Estate Development Managers will also find cushy salaries in San Francisco (+26 percent), Los Angeles (+21 percent), Boston (+16 percent), and New York (+14 percent). One of the biggest compensable factors for Real Estate Development Managers is geography, with workers in Indianapolis earning a whopping 28 percent below the national average. Not at the bottom but still paying below the median are employers in Tampa and Atlanta (21 percent lower and 14 percent lower, respectively).

Related Job Salaries

Key Stats for Real Estate Development Manager

Gender

Female
27 %
Male
73 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 54 votes.
030
Less than 1 year
1%
1-4 years
31%
5-9 years
26%
10-19 years
29%
20 years or more
13%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Real Estate Development Manager Salaries




National Average
$95,000


Skills That Affect Real Estate Development Manager Salaries

Business Development
up arrow 13%

Budget Management
up arrow 10%

Contractor Management
up arrow 7%

up arrow 4%





National Average
$95,000

Microsoft Excel
up arrow 14%

Contract Negotiation
up arrow 18%

Construction Estimating
up arrow 21%

Job Satisfaction

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

Gender

Female
27 %
Male
73 %

Years of Experience

Less than 1 year
1%
1-4 years
31%
5-9 years
26%
10-19 years
29%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 70%
vision benefits
Vision: 58%
dental benefits
None: 15%
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