Real Estate Development Manager (Commercial) Salary

A little more than 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 $148K per year, and the average comes out to $90K annually. Final cash compensation to Commercial Real Estate Development Managers varies from around $56K to approximately $148K; choice pay grades include potential for bonuses and profit sharing as high as $30K and $20K, respectively. Career duration is the biggest factor affecting pay for this group, followed by geography. The vast majority (84 percent) of Commercial Real Estate Development Managers who answered the questionnaire are male. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Most Commercial Real Estate Development Managers like their work and job satisfaction is high. This report is based on responses to the PayScale salary survey.

$50,119 - $128,994
(Median)
$50K
$90K
$130K
MEDIAN: $89,761
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
$50,119 - $128,994  
   
Bonus
$1,012 - $29,838  
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).
)
$56,171 - $148,328  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 192
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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 usually report a few specific skills. Those who have experience with Contract Negotiation, Project Management, and Financial Analysis can expect to be compensated well for these skills. The majority of those who know 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.


Commercial Real Estate Development Managers with a lot of experience do not necessarily enjoy more money. Average salaries for inexperienced employees average out to around $81K, but folks who have five to 10 years of experience earn a higher median of $92K. Experienced professionals — those with 10 to 20 years in the field — see salaries in the six-figure territory, securing around $112K on average. 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
36%
20 years or more
16%

Common Health Benefits

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