Real Estate Development Manager Salary

Real Estate Development Managers in the United States pull down an average of $87K per year. Including potential bonuses and profit sharing proceeds (more than $31K for each in exceptional cases) overall income bottoms out near $56K and hits $152K on the high end. Geography and experience level each impact pay for this group, with the former having the largest influence. A large number report receiving medical coverage from their employers and the greater part collect dental insurance. Generally, women make up less than a third of all Real Estate Development Managers who answered the questionnnaire. Work is enjoyable for Real Estate Development Managers, who typically claim high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$54,737 - $142,372
$55K
$88K
$140K
MEDIAN: $87,818
10%
50%
90%

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$15.46 - $58.17
$15
$34
$58
MEDIAN: $34.39
10%
50%
90%

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$0$155K
Salary $54,737 - $142,372
Bonus $1,497 - $30,925
Profit Sharing $0.00 - $29,361
Commission $13,500
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).
)
$57,937 - $155,870
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 419
Hourly Data $0$58
Hourly Rate $15.46 - $58.17
Overtime $48.75
Annual Data $0$155K
Bonus $1,497 - $30,925
Commission $13,500
Profit Sharing $0.00 - $29,361
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).
)
$57,937 - $155,870
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 13

Find Out Exactly What You Should Be Paid

United States (change)

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.

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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

National Average: $95,085

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.

Related Job Salaries

Key Stats for Real Estate Development Manager

Gender

Female
29 %
Male
71 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 68 votes.
Less than 1 year
2%
1-4 years
31%
5-9 years
26%
10-19 years
29%
20 years or more
12%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Real Estate Development Manager Salaries

▲44%

▲19%

▲4%

National Average
$95,000

▼22%

Skills That Affect Real Estate Development Manager Salaries

Business Development
▲13%

Budget Management
▲10%

▲4%

▲4%




National Average
$95,000

Contractor Management
▼5%

Microsoft Excel
▼14%

Contract Negotiation
▼18%

Construction Estimating
▼21%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 68 votes.

Gender

Female
29 %
Male
71 %

Years of Experience

Less than 1 year
2%
1-4 years
31%
5-9 years
26%
10-19 years
29%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 70%
vision benefits
Vision: 58%
no benefits
None: 14%
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