How Much Does a Commercial Real Estate Broker Make? Salary by State
Median annual salary (U.S.)
$73,220
Commercial real estate brokers in the U.S. earn a median of $73,220 a year, or $35.20 an hour. Half of commercial real estate brokers earn more than $73,220 and half earn less. The top 10% make more than $143,300.
Pay percentiles for commercial real estate brokers
| Percentile | Hourly | Annual |
|---|---|---|
| 10th | $17.84 | $37,110 |
| 25th | $22.35 | $46,480 |
| 50th (median) | $35.20 | $73,220 |
| 75th | $49.69 | $103,360 |
| 90th | $68.89 | $143,300 |
U.S. wages, May 2025. BLS occupation: Real Estate Brokers (SOC 41-9021). Source: BLS Occupational Employment and Wage Statistics (OEWS)
Highest-paying states for commercial real estate brokers
| State | Median annual | Median hourly | vs. U.S. |
|---|---|---|---|
| New Jersey | $111,390 | $53.55 | +52% |
| Connecticut | $105,800 | $50.86 | +44% |
| Utah | $92,830 | $44.63 | +27% |
| Washington | $82,790 | $39.80 | +13% |
| Alabama | $82,630 | $39.73 | +13% |
| Michigan | $82,510 | $39.67 | +13% |
| Maryland | $81,550 | $39.21 | +11% |
| California | $80,450 | $38.68 | +10% |
| New Mexico | $80,340 | $38.63 | +10% |
| Colorado | $79,970 | $38.45 | +9% |
| United States | $73,220 | $35.20 | — |
Top 10 states by median annual wage, May 2025. Source: BLS Occupational Employment and Wage Statistics (OEWS)
How many commercial real estate brokers are there?
BLS counts about 46,100 commercial real estate brokers employed in the U.S. (May 2025, excluding the self-employed). These figures cover the BLS occupation “Real Estate Brokers”. The most jobs are in California (8,430), Arizona (3,790) and Florida (3,640).
The mean (average) annual wage is $83,950, higher than the median of $73,220.
Hourly to annual pay calculator
Per year
- Monthly
- $6,102
- Biweekly
- $2,816
- Weekly
- $1,408
- Daily (8 hours)
- $282
- Hours per year
- 2,080
BLS annual figure; hourly × 2,080 may differ slightly.
Frequently asked questions
How much do commercial real estate brokers make an hour?
The median hourly wage for commercial real estate brokers is $35.20. The middle 50% earn between $22.35 and $49.69 an hour.
Which state pays commercial real estate brokers the most?
New Jersey has the highest median wage for commercial real estate brokers at $111,390, +52% vs. the U.S. median.
What is the starting salary for commercial real estate brokers?
BLS does not report pay by experience, but the lowest-paid 10% of commercial real estate brokers earn less than $37,110 a year, a common proxy for entry-level pay.