Nonresidential Property Managers Revenue Benchmarks
The average nonresidential property managers business in the United States generates $3.3M in annual revenue, according to the U.S. Census Bureau Statistics of U.S. Businesses (SUSB 2021). There are 15,921 nonresidential property managers businesses in the U.S., employing 156,926 workers with an average profit margin of 20.0%. The average employee in this industry earns $97K per year (Bureau of Labor Statistics QCEW 2023).
What Does a Nonresidential Property Managers Business Actually Do?
Commercial property managers overseeing office, retail, industrial, and mixed-use buildings on behalf of owners. Handle tenant relations, maintenance, leasing, and accounting.
Who buys: Commercial real estate owners, REITs, absentee landlords.
Average Revenue
$3.3M
per year
Profit Margin
20.0%
industry average
Revenue / Employee
$338K
per year
Total Businesses
15,921
in the US
Est. Owner Income
$667K
small business avg
Labor Cost
25.0%
of revenue
Avg Employee Wage
$97K
per year (BLS)
Market Saturation
4.8
firms per 100K people
How Much Do Nonresidential Property Managers Charge?
Commercial property managers charge as % of collected rent, with reserves for larger buildings.
| Service | Typical range |
|---|---|
Office / retail management fee | 3–7% of rent |
Industrial / warehouse | 2–4% of rent |
Leasing commission (new tenant) | 3–6% of lease value |
Project management markup | 5–15% of construction cost |
Ranges based on industry rate surveys and typical published pricing. Actual quotes vary by city, business size, and job complexity.
Complete nonresidential property managers business plan
A 12-section data-backed business plan for a nonresidential property managers business — executive summary, market analysis, competitive landscape, revenue model, 3-year financial projections, operations, marketing, staffing, funding request. Pre-populated with real Census, IRS, and BLS data on this industry. Free to view.
Cost Structure — Where Every $100 in Revenue Goes
Approximate P&L breakdown for the nonresidential property managers industry. Labor share and net profit are grounded in Census SUSB and IRS SOI data. Other lines are split using sector-typical ratios.
| Category | Per $100 revenue | Per typical business | What's in it |
|---|---|---|---|
Property expenses | $8 | $275K | Maintenance, repairs, property taxes, HOA fees, utilities on managed properties. |
Wages & benefits | $25 | $834K | Payroll for all employees at the business (owner comp not included for small owner-operators). |
Rent & facilities | $3 | $92K | Rent or mortgage on business location plus utilities tied to the space. |
Marketing & advertising | $8 | $275K | Google/Meta ads, SEO, print, referral fees, event sponsorships. |
Other operating costs | $36 | $1.2M | Insurance, legal, financing costs, agent commissions to sub-agents. |
Net profit | $20 | $667K | What remains for the owner or shareholders after all business expenses. |
Directionally accurate for a typical business in the industry. Individual businesses vary widely — a franchise may run a very different cost mix from an independent, and older established businesses often have lower labor share than newer ones.
Average Revenue by Business Size
Industry Dynamics (Census BDS 2023)
New Business Rate
14.5%
openings/year
Closure Rate
10.73%
closings/year
Net Job Growth
+5.45%
annual
Businesses Closed
8,058
in 2023
Firm Count Trend
Should You Start a Nonresidential Property Managers Business?
Startup Cost
$50K – $250K
Break-Even
3 months
5-Year Survival Rate
50.0%
Related Industries
Frequently Asked Questions
- What does a nonresidential property managers business do?
- Commercial property managers overseeing office, retail, industrial, and mixed-use buildings on behalf of owners. Handle tenant relations, maintenance, leasing, and accounting. Commercial real estate owners, REITs, absentee landlords.
- How much do nonresidential property managers charge?
- Commercial property managers charge as % of collected rent, with reserves for larger buildings. See the pricing table above for typical rates by service type.
- How much does the average nonresidential property managers make per year?
- The average nonresidential property managers business generates $3.3M in annual revenue, based on U.S. Census Bureau data (SUSB 2021). After expenses, the estimated owner profit is $667K per year at a 20.0% profit margin.
- How many nonresidential property managers businesses are there in the US?
- There are 15,921 nonresidential property managers businesses operating in the United States, employing a total of 156,926 workers.
- How much does it cost to start a nonresidential property managers business?
- Startup costs for a nonresidential property managers business typically range from $50K to $250K, with a 5-year survival rate of 50.0%.
- What is the average salary in the nonresidential property managers industry?
- The average employee in the nonresidential property managers industry earns $97K per year, according to Bureau of Labor Statistics data (QCEW 2023).
Industry Growth & Survival
The nonresidential property managers industry is actively growing — adding jobs at a net rate of 5.5% per year. New establishments are opening faster than existing ones close (14.5% entry vs 10.7% exit), indicating healthy demand.
Approximately 57% of nonresidential property managers businesses survive their first 5 years. This is near the national average (~50%), with typical business risk. In 2023, 8,058 firms in this industry closed permanently.
Employment & Wages
The average employee in the nonresidential property managers industry earns $96,526/year. This is significantly above the national average of ~$65K, reflecting the skilled nature of this work. With 22,922 establishments employing 171,389 people, the typical business has about 7 employees.
Industry Trend (2000–2023)
The nonresidential property managers industry has grown 70% since 2000 (from 44,954 to 76,436 firms).
See full historical statistics →Compare Nonresidential Property Managers revenue with other industries: