$91,918
Avg. Salary
$34.16
Avg. Hourly Rate

Average additional compensation:

$10,336

Bonus

$7,240

Profit Sharing

$12,500

Commission

What am I worth?
How should I pay?

The average pay for a Real Estate Development Manager is $34.16 per hour.

The average pay for a Real Estate Development Manager is $91,918 per year.

10%
$19.00
10%
$34.16
50%
$51.39
90%
90%
MEDIAN $34.16
10%
$56k
10%
$92k
50%
$146k
90%
90%
MEDIAN $91,918
$56,082 - $145,663
$56K
$92K
$150K
MEDIAN: $91,918
10%
50%
90%

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$19.00 - $51.39
$19
$34
$51
MEDIAN: $34.16
10%
50%
90%

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$0$166K
Salary $56,082 - $145,663
Bonus $2,594 - $35,138
Profit Sharing $0.00 - $37,500
Commission $2,013 - $49,665
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).
)
$58,676 - $166,034
  • Country: United States
  • Currency: USD
  • Updated: 16 May 2019
  • Individuals Reporting: 801
Hourly Data $0$60
Hourly Rate $19.00 - $51.39
Overtime $37.50
Annual Data $0$166K
Bonus $2,594 - $35,138
Commission $2,013 - $49,665
Profit Sharing $0.00 - $37,500
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).
)
$58,676 - $166,034
  • Country: United States
  • Currency: USD
  • Updated: 16 May 2019
  • Individuals Reporting: 19

Job Description for Real Estate Development Manager

The real estate development manager oversees the day-to-day operations for a real estate development. Additionally, they are responsible for the continued growth and development of the company. Most of the time, a manager provides excellent customer service to develop relationships with current and potential clients; this includes answering queries, responding to complaints, and ensuring clients are satisfied. At times, the real estate development manager must forecast new trends in the ever-changing real estate market. They also need basic accounting skills to handle the budgeting aspect of this role; they must successfully develop and manage department and/or project budgets.

Read More...
Real Estate Development Manager Tasks
  • Analyze existing economic, demographic, market, and environmental variables to identify areas for expansion.
  • Write recommendations for how to proceed with various properties, neighborhoods and strategies.
  • Review sites to assess costs and needed steps for zoning, local ordinances, and acceptability.

Real Estate Development Manager Job Listings

Popular Skills for Real Estate Development Manager


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Business Development, Budget Management, Design, and Real Estate are correlated to pay that is above average, with boosts between 6 percent and 14 percent. Skills that seem to negatively impact pay include Construction Estimating, Contract Negotiation, and Microsoft Excel. Those familiar with Financial Analysis also tend to know Contract Negotiation.

Pay by Experience Level for Real Estate Development Manager

Pay by Experience for a Real Estate Development Manager has a positive trend. An entry-level Real Estate Development Manager with less than 5 years of experience can expect to earn an average total compensation of $74,000 based on 164 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Real Estate Development Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $99,000 based on 134 salaries. An experienced Real Estate Development Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $113,000 based on 128 salaries. A Real Estate Development Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $137,000 based on 44 salaries.

Pay Difference by Location

15%

12%

3%

-4%

-18%

National Average: $99,381

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

Home to some of the best pay for Real Estate Development Managers, Washington offers exceptional salaries, 30 percent above the national average. Real Estate Development Managers will also find cushy salaries in San Francisco (+28 percent), Los Angeles (+24 percent), New York (+22 percent), and Seattle (+19 percent). Real Estate Development Managers' salaries are heavily influenced by location — Real Estate Development Managers in Austin bring in salaries that are 40 percent lower than the national average. Employers pay around 27 percent less in Indianapolis and 20 percent less in Tampa, below-median salaries for those in this field.

Real Estate Development Manager Reviews

Q: What is it like working as a Real Estate Development Manager?

Real Estate Development Manager in Richmond:
"80/20 rule is alive and well."
Pros: Variety in workload, opportunities to create positive change in community
Cons: Reliance on dysfunctional department, lack of leadership, lack of clear career path, no succession planning, low compensation, moderate cronyism.

Real Estate Development Manager in Davao City:
"Good business climate."
Pros: Business in the city is booming, rich human resource and good command of the english language, increase in msme's, tax holidays and incentives from the city, affordability for food.
Cons: Traffic, humid weather, red tape in business licensing.

Real Estate Development Manager in Atlanta:
Listen more than you talk and inspect everything twice.

Related Job Salaries

Key Stats for Real Estate Development Manager

Gender

Female
31 %
Male
69 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 143 votes.
Less than 1 year
1%
1-4 years
31%
5-9 years
28%
10-19 years
28%
20 years or more
12%

Experience Affects Real Estate Development Manager Salaries

▲37%

▲14%

National Average
$99,000

▼1%

▼25%

Skills That Affect Real Estate Development Manager Salaries

Business Development
▲8%

Budget Management
▲5%

▼0%

National Average
$99,000

▼1%




Contractor Management
▼9%

Microsoft Excel
▼17%

Contract Negotiation
▼22%

Construction Estimating
▼25%

Job Satisfaction

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

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
1%
1-4 years
31%
5-9 years
28%
10-19 years
28%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 72%
vision benefits
Vision: 60%
no benefits
None: 13%