Commercial Real Estate Advisor Salary

Commercial Real Estate Advisor Salary





National Average

$23,000$73,986 /year$149,500

$36 /hour
Commercial Real Estate Advisor Salary Comparison by Location
Nationwide
United States
$73,986
Lagos, NG
$73,986

How much does a Commercial Real Estate Advisor make?

As of Mar 28, 2022, the average annual pay for a Commercial Real Estate Advisor in the United States is $73,986 a year.

Just in case you need a simple salary calculator, that works out to be approximately $35.57 an hour. This is the equivalent of $1,423/week or $6,166/month.

 

While ZipRecruiter is seeing annual salaries as high as $149,500 and as low as $23,000, the majority of Commercial Real Estate Advisor salaries currently range between $41,500 (25th percentile) to $96,500 (75th percentile) with top earners (90th percentile) making $149,500 annually across the United States. The average pay range for a Commercial Real Estate Advisor varies greatly (by as much as $55,000), which suggests there may be many opportunities for advancement and increased pay based on skill level, location and years of experience.

Based on recent job posting activity on ZipRecruiter, the Commercial Real Estate Advisor job market in both Lagos, NG and throughout the entire state of is not very active as few companies are currently hiring. A Commercial Real Estate Advisor in your area makes on average $73,986 per year, or the same as the national average annual salary of $73,986. ranks number 1 out of 50 states nationwide for Commercial Real Estate Advisor salaries.

To estimate the most accurate annual salary range for Commercial Real Estate Advisor jobs, ZipRecruiter continuously scans its database of millions of active jobs published locally throughout America.

Find your next high paying job as a Commercial Real Estate Advisor on ZipRecruiter today.

What are Top 10 Highest Paying Cities for Commercial Real Estate Advisor Jobs

We’ve identified 10 cities where the typical salary for a Commercial Real Estate Advisor job is above the national average. Topping the list is San Mateo, CA, with Berkeley, CA and Daly City, CA close behind in the second and third positions. Daly City, CA beats the national average by $15,421 (20.8%), and San Mateo, CA furthers that trend with another $18,706 (25.3%) above the $73,986 average.

Significantly, San Mateo, CA has a very active Commercial Real Estate Advisor job market as there are several companies currently hiring for this type of role.

With these 10 cities having average salaries higher than the national average, the opportunities for economic advancement by changing locations as a Commercial Real Estate Advisor appears to be exceedingly fruitful.

Finally, another factor to consider is the average salary for these top ten cities varies very little at 11% between San Mateo, CA and New Haven, CT, reinforcing the limited potential for much wage advancement. The possibility of a lower cost of living may be the best factor to use when considering location and salary for a Commercial Real Estate Advisor role.

City Annual Salary Monthly Pay Weekly Pay Hourly Wage
San Mateo, CA $92,693 $7,724 $1,783 $44.56
Berkeley, CA $89,657 $7,471 $1,724 $43.10
Daly City, CA $89,407 $7,451 $1,719 $42.98
Richmond, CA $86,845 $7,237 $1,670 $41.75
Stamford, CT $84,565 $7,047 $1,626 $40.66
Bellevue, WA $84,345 $7,029 $1,622 $40.55
Brooklyn, NY $83,134 $6,928 $1,599 $39.97
San Francisco, CA $83,016 $6,918 $1,596 $39.91
Knik-Fairview, AK $82,885 $6,907 $1,594 $39.85
New Haven, CT $82,398 $6,867 $1,585 $39.61

COMMERCIAL REAL ESTATE ADVISORS SALARIES

How much do Commercial Real Estate Advisors employees earn on average in the United States?

Commercial Real Estate Advisors pays an average salary of $96,041 and salaries range from a low of $83,519 to a high of $109,721. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee.

Avg. Base Salary (USD)

$96,041/year

View Hourly Rate

Commercial Real Estate Advisors Company Overview

 

Commercial Real Estate Advisors Company Jobs and Salaries

The average salary of Commercial Real Estate Advisors jobs will vary according to location, department, and job description. The table shows below the name of the job title below you may be interested in including salary range and total compensation. The salary paid can be different for the same position in Commercial Real Estate Advisors based on experience, skills, and education.

JOB TITLE AVERAGE SALARY COMPANY NAME
Full Time IT Project Coordinator (2220m) $74,466 Commercial Real Estate Advisors
FT Family Law Paralegal Buckhead (2218) $83,335 Commercial Real Estate Advisors
FT Project Coordinator (2220) $102,911 Commercial Real Estate Advisors
FT – Family Law Paralegal Marietta (2219) $78,798 Commercial Real Estate Advisors
FT Administrative Assistant/Research Assistant – Perimeter Area (2202) $61,549 Commercial Real Estate Advisors
FT Office Manager (2214) $92,531 Commercial Real Estate Advisors
FT Accountant (2224) $79,366 Commercial Real Estate Advisors
FT Software Sales Representative (2211) $109,284 Commercial Real Estate Advisors
FT Corporate Recruiter (2210) $208,386 Commercial Real Estate Advisors
Part-Time Bookkeeper $45,891 Commercial Real Estate Advisors
Part-Time Executive Assistant – Remote $85,044 Commercial Real Estate Advisors
Human Resources Director – Virtual $191,389 Commercial Real Estate Advisors
Bookkeeper and Administrative Specialist $50,829 Commercial Real Estate Advisors
Project Administrator $72,192 Commercial Real Estate Advisors
IT Service Desk Associate Consultant $63,551 Commercial Real Estate Advisors
Client Services Representative $65,259 Commercial Real Estate Advisors
B2B Appointment Setter $128,377 Commercial Real Estate Advisors
Service Desk Associate Consultant $116,084 Commercial Real Estate Advisors
Commercial Structured Cabling Technician $49,610 Commercial Real Estate Advisors
Sales Development Representative (SDR) $100,030 Commercial Real Estate Advisors
Structured Cabling Technician $55,675 Commercial Real Estate Advisors
Appointment Setter $117,329 Commercial Real Estate Advisors
Inside Sales Retention Representative $66,715 Commercial Real Estate Advisors
Telecom Carrier Sales Representative $99,720 Commercial Real Estate Advisors
vCIO (Virtual CIO) $211,131 Commercial Real Estate Advisors
IT Support Specialist (Tier 3) $56,558 Commercial Real Estate Advisors
vCIO/Account Manager $156,124 Commercial Real Estate Advisors
IT Account Manager $139,851 Commercial Real Estate Advisors
Credit and Collections Representative $49,027 Commercial Real Estate Advisors
Inside Sales Representative $56,059 Commercial Real Estate Advisor
Major Gifts Officer $107,779 Commercial Real Estate Advisors
Executive Assistant to the Legal Department $70,696 Commercial Real Estate Advisors
IT Training Manager $53,365 Commercial Real Estate Advisors
Account Supervisor $147,219 Commercial Real Estate Advisors
Accounting Clerk $49,592 Commercial Real Estate Advisors
Media Planner / Buyer $82,350 Commercial Real Estate Advisors
Producer / Asset Manager $70,157 Commercial Real Estate Advisors
Account Manager $65,588 Commercial Real Estate Advisors
Studio Manager $80,753 Commercial Real Estate Advisors
Project Manager $71,960 Commercial Real Estate Advisors
Sales Development Representative $51,418 Commercial Real Estate Advisors
Service Desk Consultant $93,666 Commercial Real Estate Advisors
Accounts Receivable Collections Specialist $53,332 Commercial Real Estate Advisors
Business Development Manager $146,179 Commercial Real Estate Advisors
Telecom Carrier Retention Representative $103,883 Commercial Real Estate Advisors
IT Project Associate Support Specialist $53,394 Commercial Real Estate Advisors
IT Project Support Specialist $39,412 Commercial Real Estate Advisors
Executive Assistant for Development $58,804 Commercial Real Estate Advisors
Legal Secretary $78,097 Commercial Real Estate Advisors
Strategic Research Intern $59,427 Commercial Real Estate Advisors
Junior Project Manager $102,935 Commercial Real Estate Advisors
Copywriter $120,958 Commercial Real Estate Advisors

How Much Do Commercial Real Estate Agents Make & How Is It Earned?

Real estate is a multifaceted industry that offers unprecedented flexibility and personal choice in deciding the trajectory of your career. Commercial real estate is a popular path that draws prospective agents for a myriad of reasons. No doubt one of the perks you’ve heard about is the commercial real estate agent salary.

How much do commercial real estate agents make? According to Indeed, the average base salary for a commercial real estate agent is $85,744 per year. Beyond the average salary and commercial real estate commission, working in this side of real estate can make for an exciting career. The following guide will explain what commercial real estate agents do, their various job titles, and how their compensation is broken down.

Did You Know?

According to BizJournals, the 2020 top U.S. commercial real estate market was Dallas-Fort Worth. While every commercial real estate market was impacted by COVID-19, North Texas was the least impacted U.S. market.

What Is a Commercial Real Estate Agent?

Typically, there are two types of real estate professionals in this field: commercial and residential. What is the difference between the two? This video helps to explain it, but commercial real estate agents deal with commercial real estate, such as a business acquiring land for a new office or an existing building. Residential real estate agents help people find and buy their dream home. In other words, the day-to-day responsibilities of a commercial real estate agent are completely different than those of a residential real estate agent. A commercial sales agent has to know the trends of the commercial real estate industry for their market, so there is more research involved, and they tend to be more data-focused than residential real estate agents. They also have to deal with more leases than the average residential agent.

Commercial Real Estate Agent Skills & Qualifications

One aspect that remains the same between commercial and residential real estate agents is the licensing process. As is the case when becoming a real estate agent, the licensing requirements vary depending on the state. You need to meet your particular state’s requirements, take and pass Pre-Licensing courses, pass your state exam, and then complete any required Post-Licensing education.

Since industrial real estate is more data-focused, you may need to be good with numbers and understanding large amounts of data to be successful in this sector. You’ll also need to be familiar with how leases work in order to be able to explain them to potential customers.

Commercial Real Estate Agent Duties

Now that you have a basic understanding of what you need to get licensed and the skills to become a commercial real estate agent, what are some common duties in this real estate career? Though these duties will differ from agent to agent, here’s a brief list to illustrate commercial real estate duties:

  • Property or business’s valuations
  • Property management
  • Property leasing
  • Selling/marketing a property
  • Property purchase
  • Feasibility studies
  • Site selection
  • Investment analysis
  • Investment sales
  • Asset management

How Are Commercial Real Estate Agents Paid?

As is the case with most careers in real estate, commercial real estate agents are paid on commission. It’s important to note that there are two sides to working for a commercial real estate commission. If you don’t make a deal, you don’t get paid. On the other hand, there is unlimited earning potential. In fact, the commercial real estate agent salary is the main reason it’s one of the more popular real estate jobs.

Understanding Commercial Real Estate Commission

Trying to comprehend real estate commission can be a dizzying undertaking, but we can walk you through it! Due to antitrust laws, there’s no set commission percentage that is required to be paid by law. But most commercial real estate sales result in a commission that is anywhere from 4-8% of the sale price. The commission depends on the rate negotiated by the parties involved in the listing agreement, though the commission may be a flat fee on rare occasions. The percentage of the commission is generally set by square footage and the price per square foot. This methodology is one of the reasons why the salary range is so high. The bigger the land or property, the higher the commercial real estate commission.

What About Lease Transactions?

Another factor that plays a huge role in commercial real estate agent salary is the commission of a lease transaction. Lease transactions require the commission to be paid on the total value of a lease. For example, if a five-year lease has a monthly rent payment of $3,000, the lease value would be the total rent payments made over the five years ($3,000 X 60 months = $180,000). The commission would then be paid on the $180,000, and commissions are typically due once the lease is signed and the first bills (first month’s rent and security deposit) have been paid.

How Commercial Real Estate Agents Split Commission

The split of a commercial real estate commission plays a significant role in agents’ total compensation. The practice of splitting commissions also makes it difficult to grasp what the average commercial real estate commission is. The most common splits involve the commercial real estate agent, their brokerage, and any other agents involved in the deal. Here are some of the ways commercial real estate commission can be split:

  • 100% – The rarest of the commission splits, you’ll most likely see this split with commercial real estate Brokers. In this scenario, the Broker would receive the entirety of the commission. When it comes to commercial real estate Broker salary, a 100% share is the ideal scenario.
  • 50/50 – This split is exactly as it sounds. The commercial real estate agent gets half, and their brokerage gets the other half.
  • Tiered commission plans – CommissionTrac explains that tiered commission generally begins with the Broker keeping 50-60% of the gross commission, then moving up as they hit new tiers or breakpoints. These tiers and breakpoints are typically based on either the overall gross production by the agent or the agent’s net production.
  • Gross – Similar to a tiered commission plan, a gross commission split creates breakpoints at specific grossed commission figures. The agent’s tier determines the net value they receive versus what their brokerage firm keeps.

With large commercial properties, agents often work in teams, which impacts their take-home commission. But, as noted earlier, the more expensive the land or property, the higher the commission – so there’s often enough of a commission to go around!

How to Increase Commercial Real Estate Income

As you gathered by now, commercial real estate is extremely lucrative. However, scoring the highest commissions and boosting your commercial real estate salary doesn’t happen overnight. With time and effort to gain years of experience, the following ideas can help grow your income as a commercial real estate agent:

  • Specialize
  • Utilize your network
  • Provide excellent customer service
  • Be selective about deals
  • Continue training and gaining experience

Specialize

Aside from gaining the necessary licensing and experience, the best way to make yourself stand out (and get the best commercial real estate agent salary) is to find an area in which to specialize. Focus on a specific type of property or area of commercial real estate that most interests you; that’s how you can become an “expert.” Instead of finding multiple areas of commercial real estate in which your performance is average, pick one that allows you to separate yourself from the rest of the crowd and excel.

Utilize Your Network

No matter the path you take in real estate, networking is paramount to your success. Commercial real estate is no different. In fact, it might be even more important given the size of the transactions and the top-tier people/companies involved. Making connections with the people of influence in your community both within the industry and outside of it will help you get a leg up on your competition.

Provide Excellent Customer Service

Word-of-mouth marketing is one of the most powerful tools for commercial real estate agents. Even in a digital world where human-to-human interaction is limited, great customer service is critical to your success. If you want to make at least the average commercial real estate salary, provide excellent customer service. Treating clients well and understanding their needs may land you your next deal, if not a referral down the line.

Be Selective About Deals

Given the size of the transactions and the amount of planning each deal requires, commercial real estate agents have fewer transactions than residential real estate agents. That means you’ll need to spend more time on a smaller number of large deals that can pay off significantly more than numerous small deals. The small number of deals means you need to be selective about what you decide to undertake. Vet your clients as much as possible before signing any paperwork and address their expectations for the deal early on to ensure everyone’s on the same page.

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