Commercial property managers oversee the day-to-day operations of buildings and complexes, such as malls or office parks. Their duties typically include collecting rent, negotiating leases, and supervising cleaning and maintenance activities.
Educational requirements for commercial property managers can range from a high school diploma to a master's degree level in business or public administration, finance, or real estate management, among other fields of study. Also, they must possess good communication and customer skills; knowledge of building and legal codes is essential; multitasking and organizational abilities are also important.
Professionals employed in the commercial property manager position might earn median annual salaries of $60,479 or $29.08 per hour.
There is more than meets the eye when it comes to being a commercial property manager. For example, did you know that they make an average of $30.14 an hour? That's $62,691 a year!
Between 2018 and 2028, the career is expected to grow 7% and produce 26,500 job opportunities across the U.S.
There are certain skills that many commercial property managers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed communication skills, customer-service skills and interpersonal skills.
When it comes to the most important skills required to be a commercial property manager, we found that a lot of resumes listed 11.7% of commercial property managers included property management, while 10.3% of resumes included real estate, and 8.0% of resumes included portfolio. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the commercial property manager job title. But what industry to start with? Most commercial property managers actually find jobs in the real estate and finance industries.
If you're interested in becoming a commercial property manager, one of the first things to consider is how much education you need. We've determined that 64.6% of commercial property managers have a bachelor's degree. In terms of higher education levels, we found that 6.3% of commercial property managers have master's degrees. Even though most commercial property managers have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a commercial property manager. When we researched the most common majors for a commercial property manager, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on commercial property manager resumes include master's degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a commercial property manager. In fact, many commercial property manager jobs require experience in a role such as property manager. Meanwhile, many commercial property managers also have previous career experience in roles such as assistant property manager or administrative assistant.