Salaries for Commercial Real Estate Investors
A career as a commercial real estate investor can be a lucrative venture once you understand the nature of the business and how salaries are configured. A commercial real estate investor is usually a commissioned-based risk/reward type of job or opportunity. Depending on what field you choose to work in as a commercial real estate investor, salaries and compensation could be structured differently.
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Geographical Analysis
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Commercial real estate investor salaries vary, according to the U.S. Department of Labor Metropolitan Statistical Area analysis. Investors' salaries and commissions are higher in upscale community areas than lower depressed communities. An individual can make more money off deals in upscale areas or work in both areas to build a solid investment portfolio.
Companies and Ventures
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Positions for commercial real estate investors exist in various forms and different businesses. Your pay and compensation will depend on the type of industry that you work for. Some of the industries that commercial real estate investors work in are banks, real estate brokerage firms, commercial real estate management companies or many people start their own private venture corporations.
Payment from Commissions
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A commercial real estate deal can take three to six months to close. Most commercial real estate investors are paid per deal. Depending on the monetary size and cost of the transaction, most employers will split profits evenly up to a threshold of $350,000 and collect 5 percent to 7 percent of the value of the transaction or deal.
Top Cities
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The best opportunities for commercial real estate Investors are in real estate brokerage firms in big cities. According to PayScale.com, the average salary of a commercial real estate investor is $52,000. New York City pays the highest salary for commercial real estate investors who work for companies by starting off at $73,000 a year. Other cities that pay above $50,000 salaries are Chicago, Dallas, Atlanta, Los Angeles, Houston and Washington.
Career Decisions
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In a down market or economy, commercial real estate investment salaries may fluctuate. If you want to pursue a career as a commercial real estate investor, moving to a big city that has investment or property firms can ensure your chances of making large amounts of money into the six-figure range.
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- Photo Credit Image by Flickr.com, courtesy of Tyler Sparks
