Real Estate Development Manager (Commercial) Salary

Average pay for Commercial Real Estate Development Managers in the United States is more than reasonable, with annual salaries pushing past the six-figure mark ($96K). In the world of Commercial Real Estate Development Managers, total cash compensation can vary between $50K and $160K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $30K and $23K, respectively. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to almost all, and more than half earn dental coverage. Job satisfaction is reported as high by the vast majority of workers. Commercial Real Estate Development Managers who took the survey are largely men, dominating at 80 percent. The data in this summary comes from the PayScale salary survey.

$48,192 - $149,473
$48K
$96K
$150K
MEDIAN: $95,592
10%
50%
90%

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$0$160K
Salary $48,192 - $149,473
Bonus $1,538 - $30,325
Profit Sharing $0.00 - $22,685
Commission $10,174
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).
)
$50,000 - $160,089
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 132

Find Out Exactly What You Should Be Paid

United States (change)

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.

Real Estate Development Manager (Commercial) Job Listings

Popular Skills for Real Estate Development Manager (Commercial)


Commercial Real Estate Development Managers who responded to the survey indicated only a few skills that they use on the job. Those who have experience with Contract Negotiation, Project Management, and Financial Analysis can expect to be compensated well for these skills. Skills that pay less than market rate include Financial Analysis and Project Management. Most people skilled in Contract Negotiation are similarly competent in Financial Analysis.

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

Pay by Experience for a Real Estate Development Manager (Commercial) has a positive trend. An entry-level Real Estate Development Manager (Commercial) with less than 5 years of experience can expect to earn an average total compensation of $80,000 based on 55 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Real Estate Development Manager (Commercial) with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $97,000 based on 43 salaries. An experienced Real Estate Development Manager (Commercial) which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $116,000 based on 39 salaries. A Real Estate Development Manager (Commercial) with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $148,000 based on 17 salaries.

Pay Difference by Location

National Average: $100,611

Larger city markers indicate a job is popular in that location.

For those looking to make money, Commercial Real Estate Development Managers in Washington enjoy an exceptional pay rate, 19 percent above the national average. Commercial Real Estate Development Managers will also find cushy salaries in New York (+1 percent). Falling short of the national average by 3 percent, the area with the worst salaries is Phoenix. Two other places where employers salaries are below the median are Seattle and Houston (2 percent lower).

Related Job Salaries

Key Stats for Real Estate Development Manager (Commercial)

Gender

Female
20 %
Male
80 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 22 votes.
Less than 1 year
1%
1-4 years
27%
5-9 years
27%
10-19 years
28%
20 years or more
17%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Real Estate Development Manager (Commercial) Salaries

▲47%

▲15%

National Average
$101,000

▼3%

▼20%

Skills That Affect Real Estate Development Manager (Commercial) Salaries


National Average
$101,000

Project Management
▼3%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 22 votes.

Gender

Female
20 %
Male
80 %

Years of Experience

Less than 1 year
1%
1-4 years
27%
5-9 years
27%
10-19 years
28%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 68%
vision benefits
Vision: 47%
no benefits
None: 7%
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