Real Estate Development Manager Salary

Average Real Estate Development Managers in the United States make around $86K per year. Total cash compensation for Real Estate Development Managers runs from $55K to $144K depending on bonuses that can occasionally exceed $26K and profit sharing that can reach almost $20K. Residence and tenure each impact pay for this group, with the former having the largest influence. Most Real Estate Development Managers survey respondents are men (76 percent). A large number report receiving medical coverage from their employers and the larger part collect dental insurance. Job satisfaction for Real Estate Development Managers is high. The figures in this rundown are based on the results of PayScale's salary questionnaire.
Read More
$53,217 - $127,125
(Median)
$53K
$86K
$130K
MEDIAN: $86,039
10%
50%
90%

Add this chart to your site: 640px    300px

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
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Read More...

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

Search for more jobs:

Popular Skills for Real Estate Development Manager


Real Estate Development Managers report using a wide range of professional skills. 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. Contract Negotiation and Design, on the other hand, are typically associated with much lower pay. Most people familiar with 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.


For many Real Estate Development Managers, more experience generally translates to higher pay. Workers in their first five years can expect to earn $74K, but people who have been around for five to 10 years earn a noticeably bigger sum of $94K. Six-figure salaries surface after one to two decades on the job — experienced professionals in this group reap a six-figure median of $104K. Average wages for folks with more than 20 years of experience come out to around $119K.

Pay Difference by Location

National Average: $92,955

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

For Real Estate Development Managers, busy Washington offers a higher-than-average pay rate, 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). Location is a huge contributor to overall pay, with Real Estate Development Managers in Indianapolis earning a whopping 26 percent below the national average. Employers pay around 13 percent less in Dallas and 6 percent less in Philadelphia, below-median salaries for those in this field.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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%
ADVERTISEMENT