Real Estate Development Manager (Commercial) Salary

Commercial Real Estate Development Managers who are practiced in their profession and carry more than 10 years of experience make up approximately half of Commercial Real Estate Development Managers. Pay fluctuates from $60K to $146K per year, but expected earnings average $90K annually. In the world of Commercial Real Estate Development Managers, overall income ranges from $60K near the bottom to $146K at the top; this can include more than $26K from bonuses and more than $20K from profit sharing in exceptional cases. Experience level is the biggest factor affecting pay for this group, followed by geography. Most Commercial Real Estate Development Managers report high levels of job satisfaction. Men make up the vast majority of Commercial Real Estate Development Managers (84 percent) who took the survey. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. This snapshot results from replies to PayScale's salary survey.

$51,930 - $129,000
(Median)
$52K
$90K
$130K
MEDIAN: $90,263
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
$51,930 - $129,000  
   
Bonus
$1,505 - $25,976  
Profit Sharing
$-0.50 - $19,956  
Commission
$6,000  
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).
)
$59,736 - $146,339  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 208
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Job Description for Real Estate Development Manager (Commercial)

Commercial real estate development managers oversee large new real estate developments, as well as major renovation projects. Developers perform a large number of tasks, such as establishing project budgets, developing project specifications in collaboration with clients, contractors and vendors, and working with human resources professionals to interview and hire staff. The manager must have strong project-management skills to supervise a large number of employees performing a diverse range of tasks; they must ensure these staff members are completing all tasks associated with development within budget, project specifications and established timelines.

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Real Estate Development Manager (Commercial) Tasks

  • Complete all paperwork to submit, lease, purchase, review titles, survey, and construct site plans.
  • Act as an expert in zoning, permits, property assessment, leases, contracts, and real estate finance.
  • Develop site plans, including evaluating current conditions, estimating, and projecting future value.
  • Identify target markets and provide key data, estimates and pricing information.

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Popular Skills for Real Estate Development Manager (Commercial)


Survey takers who work as Commercial Real Estate Development Managers typically report just a few professional skills. Those who have experience with Contract Negotiation, Project Management, and Financial Analysis can expect to be compensated well for these skills. Skills that seem to negatively impact pay include Financial Analysis. For most people, competency in Financial Analysis indicates knowledge of Contract Negotiation.

Pay by Experience Level for Real Estate Development Manager (Commercial)

Median of all compensation (including tips, bonus, and overtime) by years of experience.


More years of relevant experience do not necessarily translate to higher paychecks. Relatively untried employees who have fewer than five years of experience earn around $82K on average. People who have worked for five to 10 years can expect a higher median salary of $91K. Those with 10 to 20 years of experience under their belts can expect their paychecks to flourish around the six-figure median of $113K. 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 $120K.

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Experience Affects Real Estate Development Manager (Commercial) Salaries



National Average
$99,000



Skills That Affect Real Estate Development Manager (Commercial) Salaries

Contract Negotiation
up arrow 2%

National Average
$99,000

Project Management
up arrow 2%

Financial Analysis
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 31 votes.

Gender

Female
16 %
Male
84 %

Years of Experience

Less than 1 year
0%
1-4 years
17%
5-9 years
31%
10-19 years
36%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 73%
medical benefits
Vision: 56%
dental benefits
None: 11%
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