We are pleased to include survey responses from the U.S. for the first time in the annual Macdonald & Company survey report, reflecting a truly global picture of remuneration in Real Estate and the Built Environment.
In 2022, real estate professionals earned 31% higher; with a median annual salary of $130,000, when compared with the national average found in other white-collar/professional services industries.
As a result of salary adjustments and promotions, we found that 60% of real estate professionals received a salary increase in 2022. Those that saw an increase in their base salary compensation by moving to a new employer saw an average increase of $20,000; double the amount than they saw from an increase/adjustment by remaining with their current employer.
The gender wage gap in the real estate industry in the U.S. stands at 11.3%, which is lower than the wider national reported wage gap at 19.8%.
This data is based on the information provided by the survey response.
Hiring managers and businesses can receive in-depth salary and bonus bench-marking data – based on recent placements made and up to the minute market trends – for specific job professions by requesting a bespoke report.
Annual pay reviews and promotions were the main reasons why salaries increased in the last 12 months.
Average salary uplift, by reason
For the 2% minority that saw their pay increase from a counter-offer, they benefitted with a salary uplift of $30,000 on average.
Salary increases in real estate in 2021 proved that there is still a war to secure top talent in the industry. Existing employers of candidates, and those competing to hire them competed to hire or retain them with strong employment offers and counter-offers, respectively.
Julian Adams, Principal – Dallas
Average annual base salaries and bonus, by employer main activity and asset class