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The differences between commercial property managers and directors of property management 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 director of property management. Additionally, a director of property management has an average salary of $97,349, 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 director of property management are real estate, portfolio, and property management.
| Commercial Property Manager | Director Of Property Management | |
| Yearly salary | $61,361 | $97,349 |
| Hourly rate | $29.50 | $46.80 |
| Growth rate | 3% | 3% |
| Number of jobs | 42,369 | 78,020 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 52% |
| Average age | 48 | 48 |
| 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 director of property management oversees and directs the property management programs and projects of an organization. They take the lead in identifying and meeting the needs of different facilities, researching client and business opportunities, gathering and analyzing data from annual and monthly reports, coordinating with suppliers and contractors, and making significant decisions. They also participate in managing tenants, overseeing marketing procedures, and solving issues when any arise. Moreover, a director of property management sets goals, establishes timelines and guidelines, empowers employees, and implements company standards and policies.
Commercial property managers and directors of property management have different pay scales, as shown below.
| Commercial Property Manager | Director Of Property Management | |
| Average salary | $61,361 | $97,349 |
| Salary range | Between $36,000 And $103,000 | Between $62,000 And $151,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Connecticut |
| Best paying company | Western Alliance Bank | Brookfield Properties |
| Best paying industry | Non Profits | - |
There are a few differences between a commercial property manager and a director of property management in terms of educational background:
| Commercial Property Manager | Director Of Property Management | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 52% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between commercial property managers' and directors of property management' demographics:
| Commercial Property Manager | Director Of Property Management | |
| Average age | 48 | 48 |
| Gender ratio | Male, 39.8% Female, 60.2% | Male, 57.9% Female, 42.1% |
| 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, 8.5% Unknown, 4.1% Hispanic or Latino, 17.6% Asian, 5.3% White, 63.9% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |