Property Management Bonus Guide
Ready for your annual bonus but not sure what to expect? Already received your bonus and wondering how it compares to national averages? Below we breakdown the average annual bonus property managers receive across three different industry sectors and various property management positions in each. When reviewing this information remember that market location, experience, and holding a property management credential can impact these numbers.
All salary and bonus projections in this article are based on research figures provided be CEL & Associates.
Office & Industrial Property Manager’s Annual Bonus
Office and industrial property managers, surprisingly, have the lowest bonuses on a percentage basis. This is partially due to office and industrial property managers having higher salaries on average. Property size, by square footage, is also an important factor. The average bonus percentage, regardless of property size, based on the below, is 11.9%.
- Property Manager under 250,000 sq. feet: 11.4%
- Property Manager under 500,000 sq. feet: 10.0%
- Property manager under 1,000,000 sq. feet: 12.6%
- Property Manager over 1,000,000 sq. feet: 13.7%
Multi-family Property Manager’s Annual Bonus
While multi-family managers tend to have lower average salaries, they receive some of the highest property manager bonuses on a percentage basis. Again, property size, in terms of units, is a major factor in determining annual bonus percentages. The average regardless of units under management, based on the below, is 16.38%.
- On Site Property Manager under 150 units: 15.0%
- On Site Property Manager under 300 units: 16.3%
- On Site Property Manager under 450 units: 16.5%
- On Site Property Manager over 450 units: 17.7%
Retail Property Manager’s Annual Bonus
Coming in second, in terms of the average property manager’s annual bonus, are retail properties. The average bonus percentage for retail property managers, regardless of property size, is 12.9%. This, coupled with relatively high average salaries, make retail property management positions some of the most lucrative in the industry.
- Property Manager under 150,000 sq. feet: 13.5%
- Property Manager under 300,000 sq. feet: 10.6%
- Property manager under 5000,000 sq. feet: 13.5%
- Property Manager over 500,000 sq. feet: 14.1%
About Our Property Manager’s Annual Bonus Guide
Data from this post was taken from CEL & Associates 2017 Property Management Compensation study. While this study is comprehensive in nature, it does not mean any of these facts or figures apply to any one job, company, or market sector. Click here to download the complete report.