Commercial Real Estate Development Managers in the United States take home an average $88K per year. In the world of Commercial Real Estate Development Managers, total cash compensation can vary between $51K and $151K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $31K and $23K, respectively. Career length and the particular city each impact pay for this group, with the former having the largest influence. Commercial Real Estate Development Managers who took the survey are largely men, dominating at 84 percent. Work is enjoyable for Commercial Real Estate Development Managers, who typically claim high levels of job satisfaction. Medical benefits are awarded to a large number, and a majority earn dental coverage. This snapshot results from replies to PayScale's salary survey.

$48,413 - $131,773
(Median)
$48K
$88K
$130K
MEDIAN: $87,765
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$60K$120K$180K
Salary
$48,413 - $131,773  
   
Bonus
$2,508 - $30,591  
Profit Sharing
$0.00 - $22,685  
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).
)
$50,810 - $150,617  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 141
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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)


Job skills reported by Commercial Real Estate Development Managers are limited. 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 Contract Negotiation are also skilled in Financial Analysis.

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 more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. The average inexperienced worker's salary is approximately $83K, and people with five to 10 years of experience bring in more at around $95K on average. Six-figure salaries surface after one to two decades on the job — experienced professionals in this group reap a six-figure median of $114K. More than 20 years of experience mean a somewhat bigger median paycheck of $122K, but it's not much more than what less experienced people make.

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Experience Affects Real Estate Development Manager (Commercial) Salaries



National Average
$98,000



Skills That Affect Real Estate Development Manager (Commercial) Salaries

Contract Negotiation
up arrow 4%

Project Management
0%

National Average
$98,000

Financial Analysis
up arrow 1%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 16 votes.

Gender

Female
16 %
Male
84 %

Years of Experience

Less than 1 year
2%
1-4 years
30%
5-9 years
27%
10-19 years
26%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 68%
medical benefits
Vision: 50%
dental benefits
None: 12%
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