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The differences between commercial property managers and contracts managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a commercial property manager and a contracts manager. Additionally, a contracts manager has an average salary of $72,691, which is higher than the $61,361 average annual salary of a commercial property manager.
The top three skills for a commercial property manager include property management, real estate and portfolio. The most important skills for a contracts manager are contract management, contract administration, and contract terms.
| Commercial Property Manager | Contracts Manager | |
| Yearly salary | $61,361 | $72,691 |
| Hourly rate | $29.50 | $34.95 |
| Growth rate | 3% | -6% |
| Number of jobs | 42,369 | 13,218 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 63% |
| Average age | 48 | 47 |
| Years of experience | 6 | 6 |
A commercial property manager is primarily in charge of overseeing the daily operations at commercial properties. They manage all leasing activities and serve as the tenants' point of contact. Their responsibilities include preparing and processing documents, answering inquiries and correspondence, supervising the property staff, and developing strategies to optimize operations. There are also instances where they must collect and process payments. Furthermore, as a manager, it is their duty to handle issues and concerns, resolving them promptly and efficiently.
A contract manager is responsible for finalizing contract agreements between the company and its clients, revising documents, creating procurement proposals, and managing breach of contracts immediately. Contract managers respond to clients' inquiries and concerns about the contract's terms, conditions, and adjustment requests. They should be highly knowledgeable with legal terms and legislation regulations, ensuring that documents align with their objectives. The contract manager should also stay updated with the latest trends to meet contract demands, identify more business opportunities to boost revenues, and achieve profitability goals.
Commercial property managers and contracts managers have different pay scales, as shown below.
| Commercial Property Manager | Contracts Manager | |
| Average salary | $61,361 | $72,691 |
| Salary range | Between $36,000 And $103,000 | Between $45,000 And $116,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Western Alliance Bank | McKinsey & Company Inc |
| Best paying industry | Non Profits | Technology |
There are a few differences between a commercial property manager and a contracts manager in terms of educational background:
| Commercial Property Manager | Contracts Manager | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 63% |
| Most common major | Business | Business |
| Most common college | University of Southern California | Stanford University |
Here are the differences between commercial property managers' and contracts managers' demographics:
| Commercial Property Manager | Contracts Manager | |
| Average age | 48 | 47 |
| Gender ratio | Male, 39.8% Female, 60.2% | Male, 54.0% Female, 46.0% |
| Race ratio | Black or African American, 8.5% Unknown, 4.1% Hispanic or Latino, 17.4% Asian, 5.2% White, 64.2% American Indian and Alaska Native, 0.6% | Black or African American, 9.0% Unknown, 3.8% Hispanic or Latino, 12.2% Asian, 7.4% White, 67.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 12% | 11% |