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Real Estate Development Manager (Commercial) Salary

Commercial Real Estate Development Managers in the United States with more than 10 years of experience in their profession represent just over a half of Commercial Real Estate Development Managers. Salaries average out to around $90K annually and spread from $56K to $150K per year. In the world of Commercial Real Estate Development Managers, overall income ranges from $56K near the bottom to $150K at the top; this can include more than $30K from bonuses and more than $20K from profit sharing in exceptional cases. Career duration 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. Job satisfaction is high and work is enjoyable for most Commercial Real Estate Development Managers. Commercial Real Estate Development Managers who took the survey are largely men, dominating at 83 percent. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$50,563 - $129,839
(Median)
$51K
$90K
$130K
MEDIAN: $90,063
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
$50,563 - $129,839  
   
Bonus
$1,017 - $29,870  
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 - $149,933  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 194

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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)


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. Those educated in Financial Analysis tend to be well versed 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.


Commercial Real Estate Development Managers with a rich background of experience are typically rewarded with larger paychecks. People who have worked for fewer than five years bring home $77K on average. Median compensation in the five-to-10 year group, however, is higher at approximately $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. 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 $119K.

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 4%

Project Management
0%

National Average
$99,000

Financial Analysis
up arrow 1%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 40 votes.

Gender

Female
17 %
Male
83 %

Years of Experience

1-4 years
17%
5-9 years
29%
10-19 years
38%
20 years or more
16%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 74%
vision benefits Vision: 58% employee benefits None: 9%
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