Real Estate Development Manager Salary

An average Real Estate Development Manager in the United States can expect to take home roughly $82K per year. Total cash compensation for Real Estate Development Managers runs from $54K to $140K depending on bonuses that can occasionally exceed $25K and profit sharing that can reach almost $20K. Geography and tenure each impact pay for this group, with the former having the largest influence. Making up 78 percent of those who took the survey, male Real Estate Development Managers greatly outnumber their female counterparts. A large number enjoy medical while the larger part get dental coverage. Vision coverage is also available to around half. Most workers in this position report high levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$52,283 - $125,800
(Median)
$52K
$82K
$130K
MEDIAN: $82,455
10%
50%
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
$52,283 - $125,800  
   
Bonus
$979 - $24,965  
Profit Sharing
$-0.50 - $19,866  
Commission
$5,896 - $30,521  
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).
)
$53,722 - $140,411  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 347
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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


Typical Real Estate Development Managers report a focused set of job skills. Most notably, skills in Real Estate, Project Management, Financial Analysis, and Contract Negotiation are correlated to pay that is above average. Contract Negotiation, on the other hand, is typically associated with much lower pay. Financial Analysis and Project Management are also commonly seen together.

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. Survey participants with less than five years' experience pocket $72K on average, but those with five to 10 years of experience enjoy a much bigger median of $86K. After one to two decades on the job, professionals can reap plentiful salaries that average out to the six-figure sum of $102K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $116K.

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Experience Affects Real Estate Development Manager Salaries

Late-Career
up arrow 31%

Experienced
up arrow 14%

National Average
$89,000


Entry-Level
up arrow 19%

Skills That Affect Real Estate Development Manager Salaries

Real Estate
up arrow 9%

Project Management
0%

National Average
$89,000

Financial Analysis
up arrow 1%

Contract Negotiation
up arrow 22%

Job Satisfaction

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

Gender

Female
22 %
Male
78 %

Years of Experience

Less than 1 year
2%
1-4 years
24%
5-9 years
35%
10-19 years
26%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 68%
vision benefits Vision: 49% employee benefits None: 12%
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