Commercial property management salary: Commercial Property Manager Salary in Chicago, Illinois
Commercial Property Manager Salary North Carolina, United States
Average Base Salary
Average Hourly Rate
$42.90 (USD)/hr
Average Bonus
$4,327 (USD)/yr
Compensation Data Based on Experience
The average commercial property manager gross salary in North Carolina, United States is $89,224 or an equivalent hourly rate of $43. This is 6% lower (-$5,591) than the average commercial property manager salary in the United States. In addition, they earn an average bonus of $4,327. Salary estimates based on salary survey data collected directly from employers and anonymous employees in North Carolina, United States. An entry level commercial property manager (1-3 years of experience) earns an average salary of $63,175. On the other end, a senior level commercial property manager (8+ years of experience) earns an average salary of $110,557.
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ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
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Estimated Salary in 2028:
$100,457 (USD)
5 Year Change:
13 %
Based on our compensation data, the estimated salary potential for Commercial Property Manager will increase 13 % over 5 years.
Schedules services
78%
Coordinates activities
67%
Prepares lease
67%
Discusses terms and conditions
56%
Composes agreement
44%
This chart displays the highest level of education for:
Commercial Property Manager, the majority at 69% with bachelors.
Typical Field of Study: Real Estate
See how education can impact your salary
North Carolina, United States
The cost of living in North Carolina, United States is 9% less than the average cost of living in the United States. Cost of living is calculated based on accumulating the cost of food, transportation, health services, rent, utilities, taxes, and miscellaneous.
View Cost of Living Page
North Carolina ( (listen)) is a state in the Southeastern region of the United States.
The state is the 28th largest and 9th-most populous of the United States. It is bordered by Virginia to the north, the Atlantic Ocean to the east, Georgia and South Carolina to the south, and Tennessee to the west. In the 2020 census, the state had a population of 10,439,388. Raleigh is the state’s capital and Charlotte is its largest city. The Charlotte metropolitan area, with a population of 2,595,027 in 2020…
Sourced from Wikipedia
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Manages operations of a property used for business activities, including industrial facilities, commercial buildings, and public sites such as retail centers and office parks. Oversees the acquisition and sale of corporate and investment lands and property. Meets with tenants and potential lessees and coordinates the leasing of vacant units and space at the property. Calculates rental fees and forecasts the… budget for property expenditures.
Collects any due rent, bills, taxes, insurance, and maintenance fees. Negotiates and prepares complex lease contracts and enforces leasing terms between the management company and the tenant. Reviews, understands, and plans for changing tenant/landlord laws and regulations. Inspects the property and confirms that the property and its structures are up to code. Places work orders for onsite maintenance repairs and handles vendors. Prepares financial statements and reviews the revenue performance of the property.
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Property Manager Commercial -
Manager Commercial Property
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Quickly search for salaries in other careers and locations in our salary database.
Job Title
City, State, Country or US Zip Code
This page is a promotion for SalaryExpert’s Assessor Platform and is not intended for professional use.
Professionals should subscribe to SalaryExpert’s Assessor Platform.
ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
Schedules services
78%
Coordinates activities
67%
Prepares lease
67%
Discusses terms and conditions
56%
Composes agreement
44%
See how skills can impact your salary
Learn About Our Products
SalaryExpert, powered by ERI, provides verified salary and cost of living data to the public with a comprehensive platform for evaluating compensation, career, relocation, and education decisions.
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Property Manager Commercial -
Manager Commercial Property
Commercial Property Manager Salary (July 2023)
| Rank | State | Avg. Salary | Hourly Rate | Job Count |
|---|---|---|---|---|
| 1 | California | $85,876 | $41. 29 |
2,906 |
| 2 | Connecticut | $82,362 | $39.60 | 320 |
| 3 | New York | $80,846 | $38.87 | 1,260 |
| 4 | Maryland | $75,308 | $36.21 | 544 |
| 5 | Nevada | $74,964 | $36.04 | 161 |
| 6 | District of Columbia | $74,371 | $35. 76 |
189 |
| 7 | Oregon | $76,699 | $36.87 | 310 |
| 8 | Massachusetts | $75,453 | $36.28 | 717 |
| 9 | New Jersey | $72,109 | $34.67 | 674 |
| 10 | Washington | $70,652 | $33.97 | 604 |
| 11 | Pennsylvania | $69,262 | $33. 30 |
953 |
| 12 | Utah | $60,515 | $29.09 | 267 |
| 13 | Rhode Island | $73,087 | $35.14 | 62 |
| 14 | Virginia | $63,261 | $30.41 | 742 |
| 15 | Delaware | $62,179 | $29.89 | 95 |
| 16 | Ohio | $57,691 | $27. 74 |
838 |
| 17 | Arizona | $57,734 | $27.76 | 516 |
| 18 | Hawaii | $63,097 | $30.34 | 72 |
| 19 | Michigan | $59,297 | $28.51 | 560 |
| 20 | North Carolina | $55,967 | $26.91 | 813 |
| 21 | Idaho | $59,934 | $28. 81 |
95 |
| 22 | New Hampshire | $61,104 | $29.38 | 89 |
| 23 | Minnesota | $59,023 | $28.38 | 443 |
| 24 | Vermont | $61,679 | $29.65 | 24 |
| 25 | Texas | $52,481 | $25.23 | 1,911 |
| 26 | Kansas | $55,701 | $26. 78 |
207 |
| 27 | Illinois | $50,710 | $24.38 | 1,219 |
| 28 | Maine | $58,606 | $28.18 | 64 |
| 29 | Tennessee | $51,845 | $24.93 | 459 |
| 30 | West Virginia | $53,442 | $25.69 | 98 |
| 31 | Georgia | $48,579 | $23. 36 |
975 |
| 32 | Indiana | $46,252 | $22.24 | 641 |
| 33 | New Mexico | $55,547 | $26.71 | 81 |
| 34 | Kentucky | $51,406 | $24.71 | 235 |
| 35 | Montana | $51,428 | $24.73 | 67 |
| 36 | Wisconsin | $49,728 | $23. 91 |
392 |
| 37 | Alaska | $50,430 | $24.25 | 52 |
| 38 | Missouri | $47,950 | $23.05 | 446 |
| 39 | Mississippi | $47,102 | $22.65 | 155 |
| 40 | South Dakota | $49,565 | $23.83 | 48 |
| 41 | Florida | $43,472 | $20. 90 |
1,519 |
| 42 | Wyoming | $50,297 | $24.18 | 23 |
| 43 | Arkansas | $41,365 | $19.89 | 239 |
| 44 | Colorado | $43,133 | $20.74 | 492 |
| 45 | Iowa | $44,756 | $21.52 | 250 |
| 46 | South Carolina | $44,152 | $21. 23 |
318 |
| 47 | North Dakota | $44,910 | $21.59 | 49 |
| 48 | Alabama | $40,722 | $19.58 | 340 |
| 49 | Louisiana | $42,905 | $20.63 | 206 |
| 50 | Nebraska | $44,880 | $21.58 | 103 |
| 51 | Oklahoma | $41,707 | $20. 05 |
169 |
Commercial real estate manager – adzuna.ru
| Salary: | 100000 to 130000 |
|---|---|
| Region: | Russia |
| Company: | GSK concrete goods |
| Working day: | Complete |
Reply
Manager of two production bases is required – Kuzmolovsky village (there are two production facilities with an area of 1100 sq.m. and 1400 sq.m.
, an open area with a crane beam 550 sq.m.) 0 sq. m., open area with gantry cranes 5 and 10 tons, administrative building.)
Responsibilities:
- Management, maintenance of real estate objects-industrial premises of different sizes,
- Maintenance, maintenance of building premises,
- Conclusion of lease agreements with new tenants, extension of agreements,
- tracking the market situation on the pricing policy of leasing industrial premises with annual adjustment of the rental rate in existing lease agreements
- Interaction with state supervisory authorities – security, fire, environmental and operational services, as well as local governments;
- control of operation and maintenance of existing engineering systems and equipment by tenants (water supply, sanitation, heat supply, electrical equipment)-.
- Interaction with government, supervisory and law enforcement agencies,
- Monthly budget control with a monthly report to the owner;
- Work with receivables.
Its non-admission, Ensuring the smooth functioning of the facility; Ensuring operational constant interaction with tenants, - Control of fixed assets, inventory and materials located at the facility;
- Development of norms, rules and regulations for work with tenants, operation of the facility and equipment located at the facility.;
- Ensuring compliance with all safety rules for the life of the object;
- selection and hiring of employees with subsequent control of their work,
Its non-admission, Ensuring the smooth functioning of the facility; Ensuring operational constant interaction with tenants, Requirements:
— Responsibility, independence, sociability, honesty,
— Technical knowledge of engineering systems – water supply, sewerage, heating, electricity.
- Organizing, if necessary, the purchase of materials, equipment, spare parts, etc. for current repairs or reconstruction0046
- Ability to work with regulatory and supervisory authorities,
- The presence and experience of construction or engineering education will be a big plus when making a decision on hiring,
- Fulfillment of current orders of the owner;
- the ability to generate reports on the movement of the ITC with the subsequent preparation of a monthly report to the owner,
Conditions:
- Salary: fixed salary + bonus part in% of the rental rate
- Device according to the Labor Code,
- trial period 3 months,
- paid mobile communication, fuel compensation.
- office in Kuzmolovsky village (personal account).
Reply
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Is it worth contacting a commercial property management company?
Should I contact a commercial property management company?
This article is for those who have purchased commercial real estate in Moscow, but doubt whether it is better to organize management on their own or contact a management company. Read on – a lot will become clear.
Do it yourself, hire a realtor or go to a brokerage?
Sell your business with Real Group
-
10+ years of experience
-
3,000+ completed transactions
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30,000+ customer base
Sell business
Buying buildings and commercial premises is a good way to increase your capital.
But if you don’t have experience managing commercial real estate, or don’t have the time to run your own rental business, then a bargain can be a “handleless suitcase.” Our company works to ensure that your property always brings you money.
What options?
Not all owners of commercial real estate in Moscow apply for a trust management service. After all, the process can be organized in a different way. There are several options: manage it yourself, hire a manager or contact a management company. Let’s look at each of the options.
Self-operate
Many people call the rental business “passive” income: they invested money and went traveling. Real estate works, tenants transfer monthly payments to the account. In essence, this is so. But like any business, it has its pitfalls.
Commercial property management requires 24/7 attention. Sometimes tenants are in no hurry to pay rent on time, but they always pay attention to the technical condition of communications, maintenance of premises and cleaning of territories.
The city authorities also want to resolve all issues related to the operation of the building with the owner. Also, do not forget about filing reports and paying taxes.
If you are not ready to do this yourself and want to free up time for more important tasks, consider the following two options.
Hire a manager
This option is more convenient. But expensive and inefficient. It is not economically feasible to hire a manager for one property. If you have several objects that bring a good income, you can do this. But your manager will alone deal with all the issues that a team of lawyers, accountants and engineers solves in the management company. And if he gets sick or wants to go on vacation, there will be no one to replace him.
Well, to change tenants, you will each time have to hire a realtor who is interested in making a deal as soon as possible in order to receive his commission. At the same time, the solvency of the tenant and your further relationship with him are of little interest to him.
Contact the management company
By entrusting the management of your real estate to a company, you can receive passive income and not worry about anything.
Here is an approximate list of obligations that the Criminal Code assumes when concluding an agreement with it:
• organization of advertising campaigns for renting out your premises, communication with potential tenants, presentations of the object, conclusion and extension of lease agreements;
• change of the tenant to a more disciplined, if necessary;
• increase in the rental rate, taking into account the market situation and the analytics;
• control over timely payments by tenants;
• safety of property at the facility;
• monitoring the state of engineering systems, the work of cleaning and repair contractors;
• legal support, interaction with government agencies;
• accounting support, payment of taxes.