Real Estate Development Manager (Commercial) Salary

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 $148K per year, but median earnings come to around $90K annually. With some bonuses approaching $30K and certain profit sharing proceeds approaching $20K, overall incomes of Commercial Real Estate Development Managers spread between $56K and $148K depending on individual performance. Experience level is the biggest factor affecting pay for this group, followed by geography. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Commercial Real Estate Development Managers who took the survey are largely men, dominating at 84 percent. Job satisfaction is reported as high by the vast majority of workers. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$50,226 - $128,691
(Median)
$50K
$90K
$130K
MEDIAN: $89,920
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
$50,226 - $128,691  
   
Bonus
$1,015 - $29,790  
Profit Sharing
$2,470 - $20,089  
Commission
$0.00 - $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).
)
$55,596 - $147,903  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 195
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Job Description for Real Estate Development Manager (Commercial)

  • 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 results show that 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. Most people skilled in Financial Analysis are similarly competent in 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.


For Commercial Real Estate Development Managers, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Folks with fewer than five years of experience take home $81K on average, and those who have worked for five to 10 years see a bigger median salary of $92K. Those with 10 to 20 years of experience under their belts can expect their paychecks to flourish around the six-figure median of $112K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $118K.

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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


Project Management
0%

National Average
$99,000

Financial Analysis
up arrow 1%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 35 votes.

Gender

Female
16 %
Male
84 %

Years of Experience

1-4 years
17%
5-9 years
30%
10-19 years
37%
20 years or more
16%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 74%
vision benefits Vision: 58% employee benefits None: 9%
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