The average salary for a Real Estate Manager is $77,277.
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What Do Real Estate Managers Do?
Real estate managers are responsible for effectively managing real estate properties for their organization. They are in charge of coordinating administrative efforts to stimulate company growth, as well as communicating and negotiating with prospective and current clients; this includes overseeing the lease creation and renewal process. Real estate managers use their knowledge of local real estate and contract terminology to provide sound advice to their employer and assist with site selection …Read more
Real Estate Manager Tasks
- Track, analyze, and prepare reports on real estate properties and packages, such as cash flows.
- Supervise and oversee maintenance and appearance standards.
- Ensure compliance with terms of leases, including analyzing site-specific problems.
- Meet accounting deadlines, including project and entity level financials and taxes.
Job Satisfaction for Real Estate Manager
Popular Employer Salaries for Real Estate Manager
The top respondents for the job title Real Estate Manager are from the companies CBRE Group, Century 21 and Coldwell Banker. Reported salaries are highest at CBRE Group where the average pay is $71,246. Century 21 pays the lowest at around $57,808.
Real Estate Manager Job Listings
What Are Popular Skills for Real Estate Managers?
Skills in Real Estate, Negotiation, Portfolio Management, Project Management and Financial Analysis are correlated to pay that is above average.
What is the Pay by Experience Level for Real Estate Managers?
An entry-level Real Estate Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $43,469 based on 8 salaries. An early career Real Estate Manager with 1-4 years of experience earns an average total compensation of $65,122 based on 98 salaries. A mid-career Real Estate Manager with 5-9 years of experience earns an average total compensation of $78,014 based on 137 salaries. An experienced Real Estate Manager with 10-19 years of experience earns an average total compensation of $83,281 based on 210 salaries. In their late career (20 years and higher), employees earn an average total compensation of $81,642.
Pay Difference by Location
Employees with Real Estate Manager in their job title in Chicago, Illinois earn an average of 31.7% more than the national average. These job titles also find higher than average salaries in Seattle, Washington (31.6% more) and Houston, Texas (29.4% more). The lowest salaries can be found in Atlanta, Georgia (9.4% less) and New York, New York (5.4% less).
Years of Experience
This data is based on 570 survey responses.