$97,802
Avg. Salary
$23.01
Avg. Hourly Rate

Average additional compensation:

$12,378

Bonus

$9,000

Profit Sharing

$10,174

Commission

What am I worth?
How should I pay?

The average pay for a Real Estate Development Manager (Commercial) is $23.01 per hour.

The average pay for a Real Estate Development Manager (Commercial) is $97,802 per year.

$15.21
10%
$23.01
50%
$98.63
90%
MEDIAN $23.01
$55k
10%
$98k
50%
$153k
90%
MEDIAN $97,802
$54,706 - $153,118
$55K
$98K
$150K
MEDIAN: $97,802
10%
50%
90%

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$15.21 - $98.63
$15
$23
$99
MEDIAN: $23.01
10%
50%
90%

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$0$180K
Salary $54,706 - $153,118
Bonus $2,568 - $35,136
Profit Sharing $0.00 - $54,631
Commission $10,174
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).
)
$52,531 - $180,503
  • Country: United States
  • Currency: USD
  • Updated: 20 Feb 2019
  • Individuals Reporting: 285
Hourly Data $0$98
Hourly Rate $15.21 - $98.63
Overtime $35.00
Annual Data $0$180K
Bonus $2,568 - $35,136
Commission $10,174
Profit Sharing $0.00 - $54,631
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).
)
$52,531 - $180,503
  • Country: United States
  • Currency: USD
  • Updated: 20 Feb 2019
  • Individuals Reporting: 11

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.

Read More...
Real Estate Development Manager (Commercial) Tasks
  • Develop site plans, including evaluating current conditions, estimating, and projecting future value.
  • Identify target markets and provide key data, estimates and pricing information.
  • 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.

Real Estate Development Manager (Commercial) Job Listings

Popular Skills for Real Estate Development Manager (Commercial)


Commercial Real Estate Development Managers who responded to the survey indicated only a few skills that they use on the job. Those who have experience with Contract Negotiation, Project Management, and Financial Analysis can expect to be compensated well for these skills. Skills that pay less than market rate include Financial Analysis and Project Management. Most people skilled in Contract Negotiation are similarly competent in Financial Analysis.

Pay by Experience Level for Real Estate Development Manager (Commercial)

Pay by Experience for a Real Estate Development Manager (Commercial) has a positive trend. An entry-level Real Estate Development Manager (Commercial) with less than 5 years of experience can expect to earn an average total compensation of $80,000 based on 55 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Real Estate Development Manager (Commercial) with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $97,000 based on 43 salaries. An experienced Real Estate Development Manager (Commercial) which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $116,000 based on 39 salaries. A Real Estate Development Manager (Commercial) with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $148,000 based on 17 salaries.

Pay Difference by Location

-4%

National Average: $102,612

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

For those looking to make money, Commercial Real Estate Development Managers in Washington enjoy an exceptional pay rate, 19 percent above the national average. Commercial Real Estate Development Managers will also find cushy salaries in New York (+1 percent). Falling short of the national average by 3 percent, the area with the worst salaries is Phoenix. Two other places where employers salaries are below the median are Seattle and Houston (2 percent lower).

Real Estate Development Manager (Commercial) Reviews

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

Real Estate Development Manager (Commercial) in Las Vegas:
"It pays the bills."
Pros: It pays the bills
Cons: It doesn't pay a lot more than the bills

Real Estate Development Manager (Commercial) in Los Angeles:
"Positive."
Pros: good weather
Cons: traffic

Related Job Salaries

Key Stats for Real Estate Development Manager (Commercial)

Gender

Female
18 %
Male
82 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 51 votes.
Less than 1 year
3%
1-4 years
27%
5-9 years
24%
10-19 years
31%
20 years or more
16%

Experience Affects Real Estate Development Manager (Commercial) Salaries

▲45%

▲13%

National Average
$103,000

▼5%

▼22%

Skills That Affect Real Estate Development Manager (Commercial) Salaries

National Average
$103,000


Project Management
▼5%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 51 votes.

Gender

Female
18 %
Male
82 %

Years of Experience

Less than 1 year
3%
1-4 years
27%
5-9 years
24%
10-19 years
31%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 70%
vision benefits
Vision: 54%
no benefits
None: 12%