Real Estate Development Manager (Commercial) Salary

A little more than half of Commercial Real Estate Development Managers in the United States have been in the field for more than 10 years. Pay can fall anywhere from $56K to $147K per year, but median earnings come to around $90K per year. Total cash compensation to Commercial Real Estate Development Managers bottoms out near $56K and approaches $147K on the high end; the biggest paychecks include approximately $30K from bonuses and almost $20K from profit sharing. Career length and the particular city each impact pay for this group, with the former having the largest influence. Most workers in this position report high levels of job satisfaction. The vast majority of Commercial Real Estate Development Managers (84 percent) survey respondents are men. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$50,437 - $126,944
MEDIAN: $89,748

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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.
$50,437 - $126,944  
$1,008 - $29,570  
Profit Sharing
$2,430 - $20,000  
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).
$56,262 - $146,880  
Country: United States | Currency: USD | Updated: 20 Sep 2015 | Individuals Reporting: 203
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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.


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

Professional skills reported by Commercial Real Estate Development Managers are few in number. Those who have experience with Contract Negotiation, Project Management, and Financial Analysis can expect to be compensated well for these skills. Most people who know Financial Analysis also know Contract Negotiation.

Pay by Experience Level for

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

Commercial Real Estate Development Managers do not generally earn higher incomes from more experience in the field. People who have worked for fewer than five years bring home $80K on average. Median compensation in the five-to-10 year group, however, is higher at approximately $92K. Those with 10 to 20 years of experience under their belts can expect their paychecks to flourish around the six-figure median of $114K. 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 $119K.

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Experience Affects Salaries

National Average

Skills That Affect Salaries

Contract Negotiation
up arrow 4%

Project Management

National Average

Financial Analysis
up arrow 2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 34 votes.


16 %
84 %

Years of Experience

Less than 1 year
1-4 years
5-9 years
10-19 years
20 years or more

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 74%
vision benefits Vision: 57% employee benefits None: 11%