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Real Estate Development Manager (Commercial) Salary

Over one-half of Commercial Real Estate Development Managers in the United States are seasoned employees who have more than 10 years of experience in the field. Pay ranges from $56K to $150K per year, and the average comes out to $90K annually. Cash earnings for Commercial Real Estate Development Managers — including $30K in bonuses and $20K in profit sharing proceeds near the top of the pay scale — generally stretch from $56K to $150K depending on individual performance. Career duration is the biggest factor affecting pay for this group, followed by geography. Work is enjoyable for Commercial Real Estate Development Managers, who typically claim high levels of job satisfaction. Male Commercial Real Estate Development Managers far outnumber their female contemporaries among those who completed the questionnaire. Medical benefits are awarded to most, and a strong majority earn dental coverage. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$50,718 - $130,497
(Median)
$51K
$90K
$130K
MEDIAN: $90,205
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
$50,718 - $130,497  
   
Bonus
$1,026 - $29,762  
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).
)
$55,914 - $149,579  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 198

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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 takers who work as Commercial Real Estate Development Managers report a focused set of job skills. Those who have experience with Contract Negotiation, Project Management, and Financial Analysis can expect to be compensated well for these skills. It is often found that people who know Financial Analysis are also skilled 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.


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Relatively untried employees who have fewer than five years of experience earn around $75K on average. People who have worked for five to 10 years can expect a higher median salary of $91K. Professionals who claim 10 to 20 years of experience can secure some pretty cushy paychecks; the median for this group is a six-figure $114K. 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 $121K.

Related Job Salaries

United States (change)

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 3%

Project Management
0%

National Average
$99,000

Financial Analysis
up arrow 2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 41 votes.

Gender

Female
17 %
Male
83 %

Years of Experience

1-4 years
17%
5-9 years
29%
10-19 years
37%
20 years or more
16%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 75%
vision benefits Vision: 58% employee benefits None: 10%