Average Commercial Real Estate Manager Salary in Iran for 2024

In this article, we will look at the average Commercial Real Estate Manager salary for 2024 in Iran and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Iranian rial. To keep things simple, we are using the IRR currency code instead of the currency symbol ï·¼.

How Much Does a Commercial Real Estate Manager Make in Iran?

A Commercial Real Estate Manager working in Iran will typically earn around 1,048,798,400 IRR per year, and this can range from the lowest average salary of about 482,401,400 IRR to the highest average salary of 1,668,000,700 IRR.

Average Annual Salary
1,048,798,400 IRR
Average Monthly Salary
87,399,866 IRR

Lowest Annual Salary
482,401,400 IRR
Lowest Monthly Salary
40,200,116 IRR

Highest Annual Salary
1,668,000,700 IRR
Highest Monthly Salary
139,000,058 IRR

These are average salaries for a Commercial Real Estate Manager in Iran and include benefits such as housing and transport. It's also possible for a Commercial Real Estate Manager to earn more or less than the average salaries shown above.

Commercial Real Estate Manager salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Commercial Real Estate Manager Salaries in Iran

So we've looked at the average salaries a Commercial Real Estate Manager will earn in Iran. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Commercial Real Estate Manager can earn between 482,401,400 IRR and 1,668,000,700 IRR on average in Iran. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Commercial Real Estate Manager in Iran is 1,131,598,100 IRR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 1,131,598,100 IRR, and 50% of the population earn more than 1,131,598,100 IRR.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Commercial Real Estate Manager salary in Iran, 25% of the population are earning less than 725,998,100 IRR while 75% of the population earn more than 725,998,100 IRR.

75% of the population earn less than 1,512,000,400 IRR, and 25% of the population earn more than 1,512,000,400 IRR.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Commercial Real Estate Manager Salary by Experience Level in Iran

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average commercial real estate manager salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Commercial Real Estate Manager in Iran that has less than two years of experience can expect to earn somewhere in the region of 547,200,700 IRR.
  • 2 - 5 Years Experience. With two to five years of experience the average Commercial Real Estate Manager salary would increase to 730,801,800 IRR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Commercial Real Estate Manager, the average salary would be 1,080,000,800 IRR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,319,999,700 IRR.
  • 15 - 20 Years Experience. A Commercial Real Estate Manager with 15 to 20 years of experience can earn an average of 1,439,998,800 IRR.
  • 20+ Years Experience. For a Commercial Real Estate Manager with more than 20 years, the expected average salary increases to 1,559,999,800 IRR.

Average Salary by Experience Chart

0-2 Years
547,200,700 IRR
2-5 Years +34%
730,801,800 IRR
5-10 Years +48%
1,080,000,800 IRR
10-15 Years +22%
1,319,999,700 IRR
15-20 Years +9%
1,439,998,800 IRR
20+ Years +8%
1,559,999,800 IRR

Commercial Real Estate Manager Salary by Education Level in Iran

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Commercial Real Estate Manager in Iran based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Commercial Real Estate Manager in Iran with a high school education can earn an average salary of 672,001,100 IRR.

  • Certificate or Diploma. A Commercial Real Estate Manager in Iran with a certificate or diploma education can earn an average salary of 790,801,700 IRR.

  • Bachelor's Degree. A Commercial Real Estate Manager in Iran with a bachelor's degree education can earn an average salary of 1,145,998,200 IRR.

  • Master's Degree. A Commercial Real Estate Manager in Iran with a master's degree education can earn an average salary of 1,499,999,200 IRR.

Average Salary by Education Chart

High School
672,001,100 IRR
Certificate or Diploma +18%
790,801,700 IRR
Bachelor's Degree +45%
1,145,998,200 IRR
Master's Degree +31%
1,499,999,200 IRR

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Iran is around 224,000,000 to 672,000,000 IRR and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Commercial Real Estate Manager Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Iran, a male commercial real estate manager will earn an average of 1,136,401,800 IRR, while a female commercial real estate manager will earn around 960,000,100 IRR.

This means that a male commercial real estate manager earns approximately 18% more than a female commercial real estate manager for performing the same job.

Average Salary by Gender Chart in Iran

Male
1,136,401,800 IRR
Female -18%
960,000,100 IRR

Commercial Real Estate Manager Average Pay Raise in Iran

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Commercial Real Estate Manager in Iran is around 12% every 21 months.

The national average pay raise across all professions and industries in Iran is around 8% every 19 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 12 ÷ 21 ) × 12  = 7%

What this means is that a Commercial Real Estate Manager in Iran can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Iran for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Iran.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Commercial Real Estate Manager Bonus and Incentive Rates in Iran

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Commercial Real Estate Manager is a high bonus based job, with 82% of employees reporting at least one bonus in the last 12 months.

18% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 5% to 9%.

Received Bonus
82%
No Bonus
18%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Iran earn approximately 10% more than private sector employees in the same role.

Public Sector
568,800,800 IRR
Private Sector -10%
516,001,900 IRR

Salaries for Jobs Similar to a Commercial Real Estate Manager

In the table below, we have salary information for jobs that are similar to a Commercial Real Estate Manager in Iran.

Job Title Category Salary
Acquisition Associate Real Estate 458,401,900 IRR
Assistant Leasing Manager Real Estate 604,799,000 IRR
Assistant Property Manager Real Estate 610,799,800 IRR
Brokerage Real Estate 478,801,400 IRR
Brokerage Clerk Real Estate 232,799,400 IRR
Commercial Leasing Manager Real Estate 990,000,600 IRR
Community Development Manager Real Estate 919,199,200 IRR
Compliance Specialist Real Estate 474,001,000 IRR
Development Coordinator Real Estate 476,398,500 IRR
Director of Real Estate Real Estate 1,004,401,900 IRR
Lease Administrator Real Estate 601,199,600 IRR
Leasing Agent Real Estate 480,000,400 IRR
Leasing Consultant Real Estate 594,001,800 IRR
Leasing Manager Real Estate 625,201,100 IRR
Lettings Assistant Real Estate 229,198,300 IRR
Portfolio Analyst Real Estate 816,001,900 IRR
Portfolio Manager Real Estate 1,118,398,500 IRR
Property Acquisition Agent Real Estate 412,798,200 IRR
Property and Claims Specialist Real Estate 565,199,700 IRR
Property Manager Real Estate 715,198,100 IRR
Property Operations Manager Real Estate 935,998,700 IRR
Property Tax Assistant Real Estate 462,001,300 IRR
Real Estate Administrator Real Estate 532,801,600 IRR
Real Estate Agent Real Estate 466,801,900 IRR
Real Estate Analyst Real Estate 628,801,200 IRR
Real Estate Appraiser Real Estate 506,401,800 IRR
Real Estate Appraiser Real Estate 519,601,800 IRR
Real Estate Appraiser Real Estate 520,799,000 IRR
Real Estate Assistant Real Estate 460,799,100 IRR
Real Estate Association Manager Real Estate 667,200,500 IRR
Real Estate Broker Real Estate 440,401,900 IRR
Real Estate General Manager Real Estate 933,600,500 IRR
Real Estate Project Director Real Estate 907,199,100 IRR
Real Estate Project Manager Real Estate 841,201,100 IRR
Real Estate Sales Agent Real Estate 508,798,900 IRR
Real Estate Valuer Real Estate 486,001,800 IRR
Research Analyst Real Estate 435,599,200 IRR
Residential Advisor Real Estate 541,198,200 IRR
Residential Property Manager Real Estate 643,200,500 IRR
Shopping Center Manager Real Estate 1,023,600,100 IRR
Town Planner Real Estate 1,003,201,600 IRR

Salary Comparison by City

If you want to compare salaries with different cities in Iran, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Tehran 1,119,599,500 IRR

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