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Commercial Property Manager Job Description – Updated

Commercial Property Manager Job Description – Updated

The Commercial Property Manager position involves overseeing real estate properties that are used for business purposes. These professionals are tasked with both the day-to-day and overall management of office buildings, retail centers, warehouses, and other commercial properties.

Understanding the Role of a Commercial Property Manager

A Commercial Property Manager is responsible for ensuring that the commercial properties they oversee operate smoothly, maintain their aesthetic appeal, and preserve or increase in value. Key responsibilities include managing tenant relations, property maintenance, lease management, and budgeting. The role requires a blend of excellent organizational skills, attention to detail, and high-level property management knowledge.

Key Responsibilities

  • Maintaining property rentals by advertising and filling vacancies, negotiating and enforcing leases, and managing and securing premises.
  • Establishing rental rate by surveying local rental rates and calculating overhead costs, depreciation, taxes, and profit goals.
  • Attracting tenants by advertising vacancies; obtaining referrals from current tenants; explaining advantages of location and services; showing units.
  • Contract management, including negotiating leases and managing renewals.
  • Maintaining the property by investigating and resolving tenant complaints, enforcing rules of occupancy, conducting repairs, and overseeing renovations.
  • Preparing reports by collecting, analyzing, and summarizing data and trends.
  • Compliance with property management laws and regulations.

How to Write a Job Description for a Commercial Property Manager

When writing a job description for a Commercial Property Manager, it is crucial to clearly communicate the expectations and requirements of the role to attract qualified candidates. Here are some key components to include:

  • Job Title: Ensure that the job title precisely reflects the nature and level of the work – Commercial Property Manager.
  • Job Summary: Provide a brief overview of the role, what the manager will be responsible for, and how their work will contribute to the success of your business.
  • Duties and Responsibilities: List the core responsibilities of the position as outlined in the earlier section. This should include both routine tasks and broader responsibilities like budget management and strategic planning.
  • Skills and Qualifications: Outline the educational background, skills, and experience required for the position. These typically include a degree in Real Estate, Business Administration, or related fields, several years of property management experience, strong interpersonal skills, and a deep understanding of property management laws and regulations.
  • Work Environment: Describe the type of environment they will be working in, which could include both office settings and on-site property visits.
  • Salary and Benefits: Provide information on the compensation range and benefits package to set clear expectations.

Commercial Property Manager Job Description Template Example

Job Title: Commercial Property Manager

Job Summary: We are seeking an experienced Commercial Property Manager to oversee our rapidly growing portfolio of commercial properties. The ideal candidate will ensure optimal operation and financial performance of all properties under management, maintaining high levels of tenant satisfaction and compliance with all relevant laws and regulations.

Key Responsibilities:

  • Manage and oversee operations, maintenance, administration, and improvement of commercial properties.
  • Plan, schedule, and control all elements related to the property’s operations, ensuring a seamless interface for tenants and vendors.
  • Prepare and manage annual budget forecasts; monitor monthly performance against budget.
  • Negotiate lease agreements and renewals, ensuring competitive and market-aligned terms.
  • Conduct regular property inspections to ensure compliance with maintenance and safety standards.
  • Address tenant needs and issues, maintaining excellent communication and relations with all stakeholders.

Qualifications:

  • Bachelor’s degree in Real Estate, Business Administration, or related field.
  • Minimum of 5 years of experience in property management, specifically in commercial settings.
  • Strong understanding of real estate law, finances, and commercial property operations.
  • Excellent interpersonal and negotiation skills with a proven ability to create and maintain relationships.
  • Professional certification in Property Management preferred.

Salary: Competitive salary package with performance-based incentives.

Application Process: Interested candidates should submit a cover letter, resume, and three professional references.

By crafting a comprehensive and clear job description using the template above, you will attract skilled professionals capable of managing your commercial properties effectively.