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Real Estate Development Manager Salary (United States)

The median total income of Real Estate Development Managers is around $87K, and for the average worker in this area, a good chunk of that (about a third, in fact) comes from commissions. In the world of Real Estate Development Managers, total cash compensation can vary between $53K and $138K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $25K and $15K, respectively. Career length and the particular city each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a large number, and more than half earn dental coverage. Making up 76 percent of those who took the survey, male Real Estate Development Managers greatly outnumber their female counterparts. Most Real Estate Development Managers like their work and job satisfaction is high. Respondents to the PayScale salary survey provided the data for this report.
Real Estate Development Manager Salary (?
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.
)
$51,487 - $124,450
(Median)
51K
62K
80K
100K
120K
MEDIAN: $80,215
10%
25%
50%
75%
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
$51,487 - $124,450  
   
Bonus
$989 - $25,277  
Profit Sharing
$0.00 - $15,319  
Commission
$7,370 - $35,608  
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).
)
$53,043 - $138,496  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 298
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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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Real Estate Development Managers note just a narrow range of job skills. Project Management and Financial Analysis are considered valuable skills and can increase employee 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.
Real Estate Development Managers with a rich background of experience are typically rewarded with larger paychecks. Survey participants with less than five years' experience pocket $70K on average, but those with five to 10 years of experience enjoy a much bigger median of $85K. Real Estate Development Managers see a median salary of $99K after reaching one to two decades on the job. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $112K.

Pay Difference By Location

New York
up arrow 29%
Washington
up arrow 23%
Seattle
up arrow 18%
Los Angeles
up arrow 15%
Boston
up arrow 12%
Denver
up arrow 3%
Philadelphia
up arrow 2%
Atlanta
up arrow 2%
National Average
$87,000
Dallas
up arrow 8%
Larger circles over a city indicate a job is popular in that location.
For Real Estate Development Managers, busy New York offers a higher-than-average pay rate, 29 percent above the national average. Real Estate Development Managers will also find cushy salaries in Washington (+23 percent), Seattle (+18 percent), Los Angeles (+15 percent), and Boston (+12 percent). Those in the field find the lowest salaries in Dallas, 8 percent below the national average.

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Experience Affects Real Estate Development Manager Salaries

Late-Career
up arrow 29%
Experienced
up arrow 13%
National Average
$87,000
Mid-Career
up arrow 2%
Entry-Level
up arrow 20%

Skills That Affect Real Estate Development Manager Salaries

National Average
$87,000
Project Management
up arrow 1%
Financial Analysis
up arrow 2%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 63 votes.

Gender

Female
24%
female alumni
 
Male
76%
male alumni

Years of Experience

Less than 1 year
1%
1-4 years
23%
5-9 years
33%
10-19 years
31%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 65%
vision benefits Vision: 48% employee benefits None: 12%