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The differences between commercial property managers and property 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 property manager. Additionally, a commercial property manager has an average salary of $61,361, which is higher than the $49,958 average annual salary of a property manager.
The top three skills for a commercial property manager include property management, real estate and portfolio. The most important skills for a property manager are customer service, property management, and financial reports.
| Commercial Property Manager | Property Manager | |
| Yearly salary | $61,361 | $49,958 |
| Hourly rate | $29.50 | $24.02 |
| Growth rate | 3% | 3% |
| Number of jobs | 42,369 | 15,402 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 50% |
| 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.
Property managers are responsible for overseeing the real estate properties of their clients. They manage property rentals and leasing and ensure that the terms on these rentals are by what the owner is amenable to. Property managers act as the representative of their client during negotiations and deals. They also set rental prices and other finance-related items since they are familiar with how the market looks. Besides dealing with financial matters, they also manage administrative matters such as enforcing rules and policies, crafting reports, managing contractors, and drafting related documents.
Commercial property managers and property managers have different pay scales, as shown below.
| Commercial Property Manager | Property Manager | |
| Average salary | $61,361 | $49,958 |
| Salary range | Between $36,000 And $103,000 | Between $34,000 And $72,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | California | New Jersey |
| Best paying company | Western Alliance Bank | Nokia |
| Best paying industry | Non Profits | Professional |
There are a few differences between a commercial property manager and a property manager in terms of educational background:
| Commercial Property Manager | Property Manager | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 50% |
| 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 property managers' demographics:
| Commercial Property Manager | Property Manager | |
| Average age | 48 | 48 |
| Gender ratio | Male, 39.8% Female, 60.2% | Male, 38.1% Female, 61.9% |
| 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% |