Experienced Real Estate Development Manager with Real Estate Skills in Washington, District of Columbia Salary
An Experienced Real Estate Development Manager with Real Estate skills in Washington, District of Columbia earns an average salary of $115,337 per year.
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...
Another aspect of the role is to work closely with the architecture and engineering team; they bring ideas to the team - and offer constructive feedback on others' ideas - for current and upcoming development deals. At times, the real estate development manager must recruit and train new members to be a part of the development team. In the position, it is essential to deliver results related to providing the company with growth in the areas/regions assigned.
A bachelor's degree is generally the minimum educational requirement for real estate development manager positions. Previous experience in a similar position is needed as well. Leadership and interpersonal skills are needed in this position, as is the ability to work well individually and as part of a team. (Copyright 2018 PayScale.com)
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.