Commercial Property Manager Job Description

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People who own or invest in buildings--such as shopping centers or retail, office or industrial spaces--usually hire professionals to manage and maintain the properties and their daily operations. These professionals are called commercial property managers.

Responsibilities

  • Commercial property managers keep accurate, up-to-date records of activities and money spent on the property. They collect rent, negotiate leases and make mortgage payments. They ensure all necessary supplies are available and that any repairs are quickly made. If any special repairs are required, they solicit bids and hire the person or company needed for the job.

Working Conditions

  • Commercial property managers usually work in an office environment, but are often called away from their offices to visit the property, meet with people or inspect some aspect of the building.

Considerations

  • Many commercial property mangers look after more than one building. A manager is expected to multitask and work quickly to efficiently provide positive outcomes.

Education

  • While there are no educational requirements for becoming a commercial property manager, a person should have at least a high school diploma and some business experience, particularly in the areas of finance, accounting or real estate. Those who have licensing in real estate tend to have more opportunities than those who don't.

Salary

  • According to the Bureau of Labor Statistics, employment of commercial property managers will increase 15 percent from 2006 to 2016. The average salary for this position was $43,070 in 2006.

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