Real Estate Development Manager (Commercial) Salary

Approximately one-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 $60K to $146K per year, but median earnings come to around $90K annually. Total cash compensation to Commercial Real Estate Development Managers bottoms out near $60K and approaches $146K on the high end; the biggest paychecks include approximately $26K from bonuses and almost $20K from profit sharing. Career length 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. Men account for the majority of Commercial Real Estate Development Managers who responded to the questionnaire — 84 percent to be exact. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. This overview is based on answers to PayScale's salary questionnaire.

$51,930 - $129,000
(Median)
$52K
$90K
$130K
MEDIAN: $90,263
10%
50%
90%

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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.
)
$0$50K$100K$150K
Salary
$51,930 - $129,000  
   
Bonus
$1,505 - $25,976  
Profit Sharing
$-0.50 - $19,956  
Commission
$6,000  
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).
)
$59,736 - $146,339  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 208
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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.

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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.

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Popular Skills for Real Estate Development Manager (Commercial)


Commercial Real Estate Development Managers report a narrow range of specific skills. Those who have experience with Contract Negotiation, Project Management, and Financial Analysis can expect to be compensated well for these skills. Skills that are correlated to lower pay, on the other hand, include Financial Analysis. Most people familiar with Financial Analysis also know 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. The average inexperienced worker's salary is approximately $82K, and people with five to 10 years of experience bring in more at around $91K on average. Those with 10 to 20 years of experience under their belts can expect their paychecks to flourish around the six-figure median of $113K. Commercial Real Estate Development Managers who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $120K.

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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

Contract Negotiation
up arrow 2%

National Average
$99,000

Project Management
up arrow 2%

Financial Analysis
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 31 votes.

Gender

Female
16 %
Male
84 %

Years of Experience

Less than 1 year
0%
1-4 years
17%
5-9 years
31%
10-19 years
36%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 73%
medical benefits
Vision: 56%
dental benefits
None: 11%
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