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The differences between commercial property managers and real estate 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 real estate manager. Additionally, a real estate manager has an average salary of $86,874, 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 real estate manager are financial analysis, property management, and project management.
| Commercial Property Manager | Real Estate Manager | |
| Yearly salary | $61,361 | $86,874 |
| Hourly rate | $29.50 | $41.77 |
| Growth rate | 3% | 3% |
| Number of jobs | 42,369 | 24,751 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 69% |
| 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 Real Estate Manager manages the financial aspects of a property. They collect rent and prepare and maintain financial statements. Real Estate Managers also inform owners about occupancy rates, expiration dates of leases, and other issues.
Commercial property managers and real estate managers have different pay scales, as shown below.
| Commercial Property Manager | Real Estate Manager | |
| Average salary | $61,361 | $86,874 |
| Salary range | Between $36,000 And $103,000 | Between $58,000 And $129,000 |
| Highest paying City | San Francisco, CA | Hartford, CT |
| Highest paying state | California | Connecticut |
| Best paying company | Western Alliance Bank | McKinsey & Company Inc |
| Best paying industry | Non Profits | Finance |
There are a few differences between a commercial property manager and a real estate manager in terms of educational background:
| Commercial Property Manager | Real Estate Manager | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 69% |
| 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 real estate managers' demographics:
| Commercial Property Manager | Real Estate Manager | |
| Average age | 48 | 48 |
| Gender ratio | Male, 39.8% Female, 60.2% | Male, 59.2% Female, 40.8% |
| 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, 17.4% Asian, 5.2% White, 64.2% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |