Below is a preview of one of the hundreds of datasets that will be available on TRD Pro, a universal real estate terminal that provides you with all the data and market information you need in one place. Coming in Spring / Summer 2021.
As the US economy recovers from the downturn caused by the pandemic, its workforce is undergoing a historic shake-up. Job loss and long-term remote employment have prompted an unprecedented number of workers to rethink their profession.
Two-thirds of those unemployed during the pandemic have considered changing their kind of job, according to data February report from the Pew Research Center and millions of others who still have jobs now decide to quit after re-evaluating their priorities.
The real estate sector, however, is relatively immune to the Great Retirement. Nearly 80 percent of real estate professionals said they I plan to continue according to an October poll by the States Title insurance startup.
But this does not mean that they are ready to stand still. Outflow of brokers between firms goes on fastand even in real estate, moving to another position can bring tremendous benefits.
TRD Pro analyzed salaries in a variety of roles – from entry-level to just below C-Suite – for those looking for a change because any sensible real estate professional is always looking for a better deal.
Most jobs have starting salaries well above the national average of about $ 40,000. For example, the lowest salary for an assistant commercial real estate manager is $ 56,500. CEL & Associates Real Estate Compensation Survey 2020… The maximum starting salary in the sector is $ 244,600 for a divisional manager. But many positions also offer huge bonuses, some of which are over 100 percent of the average base salary.
Commercial leasing agent
Leasing agents in the commercial sector earn a low income of $ 55,900, a modest figure compared to the next tier of the hierarchy, leasing managers, who earn $ 76,800. But wages are supplemented by premiums – typically 54.5 percent of base wages, one of the highest for non-managerial positions.
There is a wide gap between the low base salaries of commercial and residential asset managers. Commercial asset managers earn $ 96,200 at a bonus rate of 26.1 percent. In the housing sector, the numbers are more modest, with low wages of $ 80,300 and a premium of 19 percent.
Residential Property Manager
Hierarchy is everything in the residential property management sector, with wages skyrocketing at all levels. For example, an assistant property manager has a starting salary of $ 38,600 and a senior property manager $ 70,500. Higher in the rankings, a top residential property manager has an average starting base salary of $ 206,400.
Senior Leasing Manager
A senior commercial leasing executive earns an average starting base salary of $ 93,400. This figure is much higher than that of residents of the residential sector, who receive a low salary of $ 70,700. Bonus rates averaging 86.7% for commercial and 60.6% for residential buildings are among the highest in their sectors.
Acquisition jobs offer some of the highest salaries for managers and executives. For example, a commercial purchasing director / manager earns a low salary of $ 130,800 with an average bonus of 47.7 percent. Up the ladder, the purchasing manager earns a low salary of $ 197,200, with a 58.5 percent premium.
Here is a complete list of starting salaries and average bonuses for various positions in the commercial and residential sectors.