Commercial Real Estate Salary Tools Basics

How where you live, what you do, and for whom impacts real estate salary

If you are considering a career in commercial real estate it's smart to understand the range of roles and commercial real estate salaries. It's also good to understand where to go to locate commercial real estate salary tools online. A commercial real estate agent salary is likely to be commission-based. Other wages, such as that for a real estate developer salary or commercial real estate appraiser salary, may be structured differently.

A commercial realtor salary will vary according to the market in that area. Realtor salaries or commissions are higher in an expensive commercial property market than they would be in an area where commercial property values are lower or depressed. A few of the commercial real estate salary tools basics you need to know in order to get up to speed on wages in the industry include:

1. Understanding commercial real estate job roles and their salary potential;

2. Knowing commercial real estate markets and their potential to impact commercial real estate pay;

3. Comparing commercial real estate salaries according to the type of employer.

 

Understand how commercial real estate salaries are structured according to role

The most lucrative position in the commercial real estate industry is that of a commercial real estate developer -- provided you are in a desirable area and you have the patience to wait for a deal to close. A deal can take upwards of four-to-six months to close. Most employers split profits down the middle each year up to $350,000 and then collect five percent of a deal's value. While less lucrative, a commercial real estate appraiser is paid per deal as well. With the right market and credentials, this job can earn in the six figure range within five years.
Try: Salary's articles detail the ins and outs of the commercial real estate developer salary. CNNMoney explains how to make commercial real estate appraising financially rewarding.

Learn about which markets have the greatest potential for real estate salary growth

The larger the city, the larger the potential for a lucrative commercial real estate business. Perhaps not surprisingly, New York and San Francisco are where the money is in terms of commercial real estate.
Try: PayScale's chart shows salary information for U.S. cities with the most brokerage firms. Nielsen Business Media sells reports that detail market information about apartment owners and brokerage houses.

Compare commercial real estate salary according to employer

Commercial real estate jobs exist in a variety of different businesses. Your salary will vary depending on whether you work for a bank, a real estate brokerage house or even a real estate management company.
Try: Scroll down to "Detailed Banking Salary Information" on the Careers in Finance website to view the salary average for a commercial real estate lender position in banking. Glassdoor's chart includes salaries for various positions in the commercial real estate industry.

 

• While the commercial real estate industry can surely be rewarding and lucrative, it is not without risk. In tight economic times, or when a company suddenly decides to relocate its business elsewhere, the impact can be huge and commercial real estate salaries will suffer.

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