Commercial Property Manager: Job Duties & Requirements

Read about the job duties and educational requirements for commercial property managers. Find information about employment outlook and salary here, and make an informed decision about your career and education.

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Career Definition

Commercial property managers oversee the day-to-day operations of buildings and complexes, such as malls or office parks. Their duties typically include collecting rent, negotiating leases and supervising cleaning and maintenance activities. Commercial property managers may also process payrolls or pay insurance, mortgage and tax bills. Additional duties include communicating with owners about occupancy levels and property conditions or preparing financial statements.

How to Become a Commercial Property Manager

Required Education

Educational requirements for commercial property managers can range from a high school diploma to a master's degree in business or pubic administration, finance or real estate management, among other fields of study. Individual states may require a real estate license; optional certifications can be found through a number of industry organizations, such as the Institute of Real Estate Management. Assistant property managers train on the job; employer-sponsored training may also be required. Professional training programs may cover topics in accounting procedures, personnel, tenant relations and real estate law.

Skills Required

Commercial property managers have strong communication and customer service skills. Knowledge of building and legal codes is essential; multitasking and organizational abilities are also important.

Employment and Salary Outlook

According to the U.S. Bureau of Labor Statistics (BLS), employment of property, real estate and community association managers, including commercial property managers, is expected to increase by an average rate of 12% from 2012 to 2022. As reported by the BLS, professionals employed in these positions in May 2012 earned median annual salaries of $52,610 (www.bls.gov).

Alternate Career Options

Administrative Service Managers

Administrative service managers can be employed by educational or health services, finance companies or the government, and areas of specialization may include information and recordkeeping, contract administration or facilities management. Formal education requirements can range from a high school diploma to a 4-year degree in business, facility management or other related area; professional certifications are available from the International Facility Management Association. Like commercial property managers, administrative service managers will see a 12% growth in employment from 2012-2022. According to the BLS, an administrative service manager who was employed in May 2012 earned a median annual salary of $81,080 (www.bls.gov).

Food Service Managers

Food service managers oversee the day-to-day operations of fast-food and fine dining establishments, cafeterias or catering businesses. Minimum hiring requirements include a high school diploma and major industry experience; high-end establishments and large chains may show a preference for graduates of 4-year food service or hospitality management programs. The BLS reports that food service managers will see very little change in employment opportunities through 2022, as many of their supervisory duties continue to be assumed by first-line supervisors. As of May 2012, food service managers were paid a median annual salary of $47,960, with those employed in lodging and restaurant positions earning $54,850 and $46,360, respectively (www.bls.gov).

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Popular Schools

  • Minimum eligibility requirements:
    • Must be 18 years of age or older
    School locations:
    • Online Learning

    What is your highest level of education?

  • School locations:
    • Online Learning
    • Ohio (1 campus)

    Online and Classroom-Based Programs

    • Bachelor
        • Bachelor in Construction Management
    • Associate
        • Associate in Construction Technology

    What year did you graduate from high school?

  • Minimum eligibility requirements:
    • Must be a high school graduate or have completed GED
    School locations:
    • Online Learning

    What is your highest level of education completed?

Other Schools:

  • School locations:
    • Montana (1 campus)
    Areas of study you may find at The University of Montana include:
      • Graduate: Doctorate, First Professional Degree, Master
      • Non-Degree: Coursework
      • Undergraduate: Associate, Bachelor
    • Mechanic and Repair Technologies
      • Construction Management and Trades
        • Carpentry
        • Property Management and Maintenance
      • Heavy Equipment Maintenance
      • Precision Metal Working
      • Vehicle Repair and Maintenance
  • School locations:
    • Michigan (1 campus)
    Areas of study you may find at Northern Michigan University include:
      • Graduate: Master
      • Non-Degree: Certificate, Coursework
      • Undergraduate: Associate, Bachelor
    • Mechanic and Repair Technologies
      • Construction Management and Trades
        • Carpentry
        • Electrical Systems Lineworker
        • Property Management and Maintenance
      • Heating, Air Conditioning, Ventilation, and Refrigeration Maintenance
      • Heavy Equipment Maintenance
      • Precision Metal Working
      • Vehicle Repair and Maintenance
  • School locations:
    • Minnesota (1 campus)
    Areas of study you may find at Dunwoody College of Technology include:
      • Non-Degree: Certificate, Coursework
      • Undergraduate: Associate, Bachelor
    • Mechanic and Repair Technologies
      • Construction Management and Trades
        • Construction Site Management
        • Electrician
        • Property Management and Maintenance
      • Electrical Repair and Maintenance
      • Heating, Air Conditioning, Ventilation, and Refrigeration Maintenance
      • Precision Metal Working
      • Vehicle Repair and Maintenance
  • School locations:
    • Pennsylvania (1 campus)
    Areas of study you may find at New Castle School of Trades include:
      • Non-Degree: Certificate, Coursework
      • Undergraduate: Associate
    • Mechanic and Repair Technologies
      • Construction Management and Trades
        • Property Management and Maintenance
      • Electrical Repair and Maintenance
      • Heating, Air Conditioning, Ventilation, and Refrigeration Maintenance
      • Precision Metal Working
      • Vehicle Repair and Maintenance
  • School locations:
    • Missouri (1 campus)
    • Ohio (1 campus)
    • Oklahoma (1)
    Areas of study you may find at Vatterott College include:
      • Non-Degree: Coursework
      • Undergraduate: Associate
    • Mechanic and Repair Technologies
      • Construction Management and Trades
        • Electrician
        • Property Management and Maintenance
      • Heating, Air Conditioning, Ventilation, and Refrigeration Maintenance
  • School locations:
    • California (1 campus)
    Areas of study you may find at Stanford University include:
      • Graduate: Doctorate, First Professional Degree, Master
      • Undergraduate: Bachelor
    • Mechanic and Repair Technologies
      • Drama and Theatre Arts
      • Fine Arts and Studio Art
      • Musical Arts
      • Photography, Film, and Video
  • School locations:
    • Massachusetts (1 campus)
    Areas of study you may find at Harvard University include:
      • Graduate: Doctorate, First Professional Degree, Master
      • Post Degree Certificate: Postbaccalaureate Certificate
      • Undergraduate: Associate, Bachelor
    • Mechanic and Repair Technologies
      • Psychology and Human Behavior

Popular Schools

Avg. Wages For Related Jobs

Source: Bureau of Labor Statistics

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