Real Estate Development Managers in the United States take home an average $87K per year. In the world of Real Estate Development Managers, overall income ranges from $55K near the bottom to $147K at the top; this can include more than $30K from bonuses and more than $20K from profit sharing in exceptional cases. Experience level and the particular city each impact pay for this group, with the former having the largest influence. Most Real Estate Development Managers survey respondents are men (72 percent). The majority of workers are highly satisfied with their job. Medical benefits are awarded to a large number, and a majority earn dental coverage. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$53,136 - $131,278
(Median)
$53K
$87K
$130K
MEDIAN: $86,890
10%
50%
90%

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$27.50 - $47.50
(Median)
$
$30
$
MEDIAN: $30
50%

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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
$53,136 - $131,278  
   
Bonus
$1,015 - $30,454  
Profit Sharing
$0.00 - $19,797  
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).
)
$54,959 - $146,895  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 366
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
$30.25  
   
Overtime
$37.50  
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
$1,015 - $30,454  
   
Commission
$2,500  
Profit Sharing
$0.00 - $19,797  
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).
)
$54,959 - $146,895  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 9
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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.

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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 Business Development, Contractor Management, Design, and Budget Management are correlated to pay that is above average, with boosts between 6 percent and 14 percent. Skills that pay less than market rate include Contract Negotiation and Construction Estimating. Those familiar with Financial Analysis also tend to 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.


Experience is an important factor influencing the compensation of Real Estate Development Managers. Salaries of relatively inexperienced workers fall in the neighborhood of $74K, but folks who have racked up five to 10 years see a notably higher median of $95K. Professionals who spend a good 10 to 20 years in the workforce haul in an average of $108K. Real Estate Development Managers who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $133K.

Pay Difference by Location

National Average: $93,757

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, 30 percent above the national average. Real Estate Development Managers will also find cushy salaries in San Francisco (+28 percent), Los Angeles (+23 percent), Boston (+14 percent), and Philadelphia (+12 percent). Location significantly influences compensation, with Indianapolis Real Estate Development Managers earning much less — 27 percent less — than the national average. Tampa and Atlanta are a couple other places where companies are known to pay below the median — salaries are 20 percent lower and 16 percent lower, respectively.

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Experience Affects Real Estate Development Manager Salaries




National Average
$94,000


Skills That Affect Real Estate Development Manager Salaries

Business Development
up arrow 14%

Contractor Management
up arrow 8%

up arrow 6%

Budget Management
up arrow 6%

Real Estate
up arrow 4%

Project Management
up arrow 2%

Financial Analysis
up arrow 1%

Financial Modeling
up arrow 1%

National Average
$94,000

Construction Estimating
up arrow 17%

Contract Negotiation
up arrow 18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 57 votes.

Gender

Female
28 %
Male
72 %

Years of Experience

Less than 1 year
2%
1-4 years
31%
5-9 years
27%
10-19 years
28%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 70%
medical benefits
Vision: 56%
dental benefits
None: 15%
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