Real estate management salary plus#
Real estate management salary download#

This is a rebound from the slow compensation growth the industry experience in 2020 on account of the impact COVID-19 had on the commercial real estate industry. Real Estate compensation from 2020 – 2021 grew at its fastest pace in five years. Of that total compensation, they should expect 15% – 25% of the total to come from bonus.Ĭhanges in Real Estate Salary and Bonus – 2020 vs. Base salaries compare well with the other property types, and top multifamily development executives are the best compensated development professionals among the four major property types.Įarly career professionals working in analyst and associate level positions in multifamily acquisitions, asset management, and development can expect, on average, total compensation in the high 5-figures to low 6-figures.

This is likely due to the less volatile nature of multifamily investment. First, on average the bonus as a percent of salary is lower for multifamily positions compared to their office, industrial, and retail counterparts. There are some interesting differences between pay in residential (multifamily) real estate and the others.

Real estate management salary plus#

Summary of 2021 Pay (Salary plus Bonus) for Multifamily Real Estate Professionals Newly minted MBA in Real Estate and Masters in Real Estate graduates can expect to earn in retail-focused Associate-level positions on average anywhere from $110,000 – $180,000, with pay among asset management associates beating pay among acquisition associates. Regardless, senior executives in Retail continue to be the highest compensated professionals in real estate. This is a trend change from previous years, where senior executives had experienced far more growth than their more junior counterparts. Total compensation grew 2.6% – 3.5% year-over-year for the retail positions we analyzed, with senior executives seeing a similar compensation growth rate as other retail real estate professionals. Generally speaking, Retail real estate professionals enjoy both a slightly higher base salary and average bonus then their office and industrial counterparts. Summary of 2021 Pay (Salary plus Bonus) for Retail Real Estate Professionals Office and industrial asset management professionals saw a near 4.0% increase in compensation, while their acquisitions counterparts saw a 2.8% increase and their development counterparts a 2.9% increase in compensation.Īsset Management professionals working at office and industrial real estate firms earn slightly more than their colleagues in acquisitions, with total compensation weighted more towards variable compensation for acquisitions professionals while asset management professionals earn slightly higher base salaries. For acquisitions professionals in office and industrial for instance, on average the bonus makes up 30% of an Associate-level professional’s pay while the bonus makes up 59% of the acquisitions executive’s pay.Īsset management professionals saw the highest growth in their compensation, among industrial and office professionals. As with most roles in real estate, bonus as a percent of total compensation is higher for the more senior roles and lower for the more junior roles. Summary of 2021 Pay (Salary plus Bonus) for Office and Industrial Real Estate Professionalsįor real estate professionals working at firms focused on office and industrial properties, pay grew anywhere from 2.3% to 4.2%. I’ve calculated and reported total pay, or the sum of salary and bonus, as well as the percent change in total compensation from 2013 to 20 to 2021 for each of the positions. These are Analyst through Managing Director positions at industrial, office, retail, and multifamily focused real estate firms working in acquisitions, asset management, property management, and development. I’ve taken the comprehensive summary (linked to above) and condensed it down to the information and positions that I believe are most relevant to our readers.

Real estate management salary download#

A robust summary of the survey results is available to download for free.

A 400+ page comprehensive paper covering salary trends, policy questions, bonus pay structures, quarterly breakdown, and pay details by company type, location, and size is available for purchase.

Results are available in a couple of formats: It has been conducted annually for more than 20 years and is done in partnership with the National Association of Office and Industrial Properties (NAIOP) and the National Apartment Association (NAA).

Nearly 400 companies participate to provide confidential compensation data for their employees working in all major real estate sectors, fields, and functions. The survey is the industry standard for pay statistics across 190 real estate positions in the United States. Source of Compensation DataĮvery year, real estate consulting firm CEL & Associates publishes its National Real Estate Compensation & Benefits Survey. Have a real estate job open at your firm you’d like to share with the A.CRE community? Post the job here for free.