Commercial Property Manager Salary

Commercial Property Managers in the United States take home approximately $60K annually on average. Cash earnings of Commercial Property Managers — including $10K in bonuses, $10K in profit sharing proceeds, and $20K in commissions near the top of the pay scale — stretch from approximately $39K to approximately $91K depending on individual performance. Geography is the biggest factor affecting pay for this group, followed by experience level. Most Commercial Property Managers report high levels of job satisfaction. A strong majority enjoy medical while the greater part get dental coverage. Vision coverage is also available to just over two-fifths. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$40,023 - $86,147
$40K
$60K
$86K
MEDIAN: $60,469
10%
50%
90%

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$13.62 - $33.90
$14
$21
$34
MEDIAN: $21.09
10%
50%
90%

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$0$91K
Salary $40,023 - $86,147
Bonus $499.09 - $10,453
Profit Sharing $0.00 - $9,696
Commission $1,007 - $19,866
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).
)
$39,082 - $91,857
  • Country: United States
  • Currency: USD
  • Updated: 12 Oct 2017
  • Individuals Reporting: 662
Hourly Data $0$51
Hourly Rate $13.62 - $33.90
Overtime $20.52 - $51.38
Annual Data $0$91K
Bonus $499.09 - $10,453
Commission $1,007 - $19,866
Profit Sharing $0.00 - $9,696
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).
)
$39,082 - $91,857
  • Country: United States
  • Currency: USD
  • Updated: 12 Oct 2017
  • Individuals Reporting: 74

Job Description for Commercial Property Manager

Commercial property managers provide support services for the commercial property or properties that they oversee. They usually have a management agreement with the property tenants that list what they are able to assist with and what are the tenants' responsibility. Commercial property managers typically maintain the interior and exterior of the buildings (such as the mowing the yard and painting) , collect rent from the tenants, create and keep documents up to date, and make sure tenants follow building regulations.

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Commercial Property Manager Tasks

  • Track all property information, including tenants, vacancies, rent statements, disbursements, and facility management.
  • Market properties, find tenants to fill vacancies, show properties, and update the exteriors.
  • Collect rent and track financial data.
  • Act as primary contact with all tenants, respond to inquiries, provide estimates, and coordinate moves.

Common Career Paths for Commercial Property Manager


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There are some Commercial Property Managers — though it's uncommon — that transition into Regional Directors of Property Management, where earnings are an average $76K annually. It is quite typical for Commercial Property Managers to transition into roles as Senior Property Managers or Real Estate Asset Managers, where reported median earnings are $15K and $15K higher per year.

Commercial Property Manager Job Listings

Popular Skills for Commercial Property Manager


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Financial Reporting, Contract Negotiation, Budgeting, and Operations Management are correlated to pay that is above average, with boosts between 5 percent and 10 percent. At the other end of the pay range are skills like Quickbooks, Customer Service, and Customer Relations. Most people skilled in Budget Management are similarly competent in Contract Negotiation and Customer Relations.

Pay by Experience Level for Commercial Property Manager

Pay by Experience for a Commercial Property Manager has a positive trend. An entry-level Commercial Property Manager with less than 5 years of experience can expect to earn an average total compensation of $49,000 based on 268 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Commercial Property Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $62,000 based on 249 salaries. An experienced Commercial Property Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $68,000 based on 271 salaries. A Commercial Property Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $70,000 based on 102 salaries.

Pay Difference by Location

National Average: $60,715

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

San Francisco offers some of the highest pay in the country for Commercial Property Managers, 30 percent above the national average. Commercial Property Managers can also look forward to large paychecks in cities like Los Angeles (+27 percent), Irvine (+15 percent), Dallas (+9 percent), and Seattle (+8 percent). Houston is the lowest-paying area, 7 percent south of the national average. Not at the bottom but still paying below the median are employers in Portland and San Diego (6 percent lower and 5 percent lower, respectively).

Commercial Property Manager Reviews

Q: What is it like working as a Commercial Property Manager?

Commercial Property Manager in El Segundo:
"Property Management."
Pros: What I love most about my job is the creative freedom that I have to try out new ideas and share my thoughts with upper management.
Cons: One bad thing I would say about doing my job is I am stuck behind a desk all day in an office.

Commercial Property Manager in Atlanta:
"Building Relationships."
Pros: I run the show completely. From planning, maintenance supervision, repairs to rent collections and court procedures. At the same time I have established wonderful relationships with all the tenants (referrals available). My expertise is highly respected by the owners.
Cons: This company has no benefit plans nor does it offer incentives that rewards my work. I am a budget hawk which they always thank me for but never anything more.

Related Job Salaries

Key Stats for Commercial Property Manager

Gender

Female
71 %
Male
29 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 143 votes.
Less than 1 year
2%
1-4 years
29%
5-9 years
24%
10-19 years
31%
20 years or more
14%

Experience Affects Commercial Property Manager Salaries

▲15%

▲12%

▲3%

National Average
$61,000

▼19%

Skills That Affect Commercial Property Manager Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 143 votes.

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
2%
1-4 years
29%
5-9 years
24%
10-19 years
31%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 61%
vision benefits
Vision: 46%
no benefits
None: 20%