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Real Estate Development Manager Jobs in Chicago, IL

Highland Holdings

Vice President, Real Estate

Chicago, IL · On-site

$175K - $275K/yr

What We're Looking For * 7+ years in real estate development, acquisitions, asset management, or franchise expansion. * Experience in retail, QSR, hospitality, or mixed-use real estate. * Strong deal ...

mcw

Real Estate Acquisition Manager

Chicago, IL · On-site

The Real Estate Acquisition Manager will play a pivotal role in driving our company's expansion by ... Your work will directly contribute to the successful expansion and development of our brand across ...

mcw

Real Estate Acquisition Manager

Chicago, IL · On-site

The Real Estate Acquisition Manager will play a pivotal role in driving our company's expansion by ... Your work will directly contribute to the successful expansion and development of our brand across ...

Jobot

Real Estate Attorney

Chicago, IL · On-site

$225K - $325K/yr

Draft and negotiate purchase and sale agreements, loan documents, leases, easements, development ... Manage transactions from initial negotiations through closing. Collaborate with clients, lenders ...

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All JobsReal Estate Development JobsReal Estate Development Manager JobsReal Estate Development Manager Jobs in Chicago, IL

Real Estate Development Manager information

See Chicago, IL salary details

$56.1K

$105.4K

$166.9K

How much do real estate development manager jobs pay per year?

As of Aug 23, 2026, the average yearly pay for real estate development manager in Chicago, IL is $105,354.00, according to ZipRecruiter salary data. Most workers in this role earn between $77,300.00 and $131,900.00 per year, depending on experience, location, and employer.

What does a real estate development manager do?

A real estate development manager locates undeveloped land and oversees the work to prepare it for commercial or residential real estate construction. They may work on one or more development projects at a time and are knowledgeable of local real estate markets, growth trends, and occupancy rates in cities and counties. A good real estate development manager should be a strong negotiator.

What does a real estate development manager do?

A Real Estate Development Manager oversees the planning, coordination, and execution of property development projects from inception to completion. Their responsibilities include identifying potential development opportunities, conducting feasibility studies, securing financing, managing budgets, obtaining necessary permits, and coordinating with architects, contractors, and other stakeholders. Their goal is to ensure projects are completed on time, within budget, and in compliance with regulations, while also meeting the financial and strategic objectives of investors or property owners.

What are the key skills and qualifications needed to thrive as a real estate development manager, and why are they important?

To thrive as a Real Estate Development Manager, you need expertise in project management, real estate finance, market analysis, and a relevant degree such as in business, finance, or urban planning. Familiarity with property management software, financial modeling tools, and an understanding of zoning and permitting processes are typically required. Strong negotiation, leadership, and communication skills help drive projects forward and foster productive relationships with stakeholders. These competencies are vital for successfully managing complex development projects from concept to completion while maximizing profitability and minimizing risks.

What are some common challenges faced by real estate development managers during the project lifecycle?

Real Estate Development Managers often encounter challenges such as navigating complex zoning and permitting processes, coordinating with multiple stakeholders (including investors, contractors, and local authorities), and managing project timelines and budgets. Unforeseen issues like market fluctuations, community concerns, or construction delays can also arise, requiring strong problem-solving and negotiation skills. Staying proactive and adaptable is essential for successfully bringing development projects from concept to completion.

What is the difference between Real Estate Development Manager vs Real Estate Project Coordinator?

AspectReal Estate Development ManagerReal Estate Project Coordinator
CredentialsBachelor's degree in real estate, urban planning, or related field; often with experience in developmentBachelor's degree; entry-level or supporting role, often with some industry certifications
Work EnvironmentLeads development projects, interacts with stakeholders, oversees planning and executionSupports project teams, manages schedules, assists with documentation and communication
Employer & Industry UsageReal estate development firms, construction companies, property developersReal estate firms, construction companies, project management teams

The main difference is that the Real Estate Development Manager oversees entire development projects, making strategic decisions, while the Real Estate Project Coordinator supports project execution through administrative and coordination tasks. The manager has more responsibility for project success, whereas the coordinator focuses on supporting roles within the project team.

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Real Estate Development Manager jobs near you
Infographic showing various Real Estate Development Manager job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 14% Part Time, and 2% Contract. Highlights an 90% Physical, 3% Hybrid, and 7% Remote job distribution, with an average salary of $105,354 per year, or $50.7 per hour.

Commercial Real Estate Broker

SRS REAL ESTATE PARTNERS LLC

Chicago, IL • On-site

Full-time

Medical

Re-posted yesterday

Job description

Job Type
Full-time
Description
POSITION OVERVIEW
If you have a passion for retail and real estate, SRS Real Estate Partners is the most compelling place to grow your career. We are the largest commercial real estate firm in North America that is exclusively dedicated to retail services. At SRS, you can leverage our depth of retail-focused resources, while having the entrepreneurial freedom to build your business and define your own version of success. Our international platform is collectively led by top brokerage professionals in each of our local markets, not by professional managers, which leads to incredible mentorship opportunities and tremendous respect among our team members. Our reputation garners trust and our people fiercely protect it by delivering on the principles and values of the SRS Constitution. Founded in 1986 by Chris Maguire, our CEO, SRS has grown to more than 25 locations in North America and select global markets and offers a Guarantee of Value in each of our Brokerage Services, Corporate Services, Investment Services, and Development Services.
SRS is constantly growing and always seeking dedicated and ambitious real estate professionals with a passion for retail. Specifically, we are seeking real estate brokers with tenant representation, leasing, or investment sales experience. SRS offers competitive commission splits, unlimited upside potential, the industry's best marketing, research, and transaction tools and support, and optional health insurance benefits.
PRINCIPAL RESPONSIBILITIES
Tenant Representation (Occupier Services)
  • Work with current and prospective local, regional, and national retail tenants to understand their needs, win their business, and develop a store growth or optimization strategy
  • Utilize our research team's advanced technologies and your team's local market knowledge to qualify prospective spaces or validate the client's existing locations by testing them against the client's customer profile and real estate needs
  • Build strategic site selection packages that demonstrate the strengths and weaknesses of prospective spaces
  • Tour prospective space/site options with the client and negotiate leases for prospective new locations and/or lease renewals for existing locations
  • Effectively manage transactions to align with each clients' requirements while helping them get to grand openings faster and driving better bottom lines

Landlord Representation (Leasing)
  • Work with current and prospective retail landlord clients to understand their needs, win their business, and develop a leasing strategy that will increase their shopping center's value
  • Analyze the shopping center's tenant roster to develop a merchandising plan that will drive traffic and strengthen the shopping center's consumer appeal
  • Leverage your and SRS' relationships as well as cold call and market to non-existing relationships to attract quality retail tenant interest in the shopping center's available space
  • Qualify prospective tenants and negotiate new leases and lease renewals
  • Prepare and present marketing and leasing activity reports to your landlord clients

Investment Services (Investment Sales)
  • Develop and maintain industry relationships with private and institutional retail commercial real estate owners, investors, and service providers to promote new business development and source new deals
  • Work with real estate owners to understand their financial objectives for their real estate assets
  • Work with our investment analysts to determine an opinion of value on the asset while also developing a marketing plan and materials with our marketing support team
  • Execute the marketing plan by marketing the asset to REITs, private equity funds, private investment companies, lenders, individual investors, etc.
  • Negotiate and close commercial real estate sale transactions and/or equity joint ventures

Requirements
DESIRED SKILLS & EXPERIENCE
  • Real estate license required
  • 5+ years' experience as a commercial real estate broker/salesperson
  • Experience in retail real estate strongly preferred
  • College degree preferred
  • Excellent communication, strong negotiator, and proven track record in sales
  • Self-starter with the ability to manage your own schedule and priorities

Apply