Retail real estate salaries moving on up
National survey shows 3% rise from 2012
National median retail real estate salaries have risen about 3 percent from 2012, according to a survey by the International Council of Shopping Centers.
The survey, compiled by FPL Associates, was based on the compensation trends and policies of 92 companies and 100 positions , from executive to junior level.
“The retail real estate industry is finally operating on all cylinders with strong leasing prospects, low supply of space, improving rent and cyclically-high net operating income,” said Michael P. Niemira, chief economist and vice president of research for ICSC. “With that as a backdrop, the latest industry survey found a healthy 3 percent gain in the pace of compensation for 2013 and an expected continuation of that pace into 2014.”
The results are part of the fifth annual compensation study for the North American retail real estate industry.
The 2013 compensation study covers a variety of compensation program design topics, benefits, perks and individual compensation data, including base salary, annual incentives and long-term awards.
For more information, visit icsc.org.