Commercial Broker Salary in Newark, New Jersey

How much does a Commercial Broker make in Newark, NJ?

As of March 01, 2025, the average annual salary for a Commercial Broker in Newark, NJ is $108,755. Salary.com reports that pay typically ranges from $93,768 to $132,847, with most professionals earning between $80,123 and $154,781.

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Salary range for an Commercial Broker

$93,768 to $132,847

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Commercial Broker

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Job Openings for Commercial Broker in Newark, NJ

What does a Commercial Broker do?

Common responsibilities of a Commercial Broker

Prepare and ensure the professional quality of insurance underwriting submissions, prospect and client proposals and presentations, sales reports, professional communications .

October 17, 2022

Gather research information and complete market surveys, including gathering building information, maps and pictures, CoStar data, and creating building tour books.

December 13, 2022

Assist with building correspondence, file maintenance and management, meeting planning and scheduling, and report preparation.

January 31, 2023

Participate in Brokerage Team Meetings and weekly sales meetings to update colleagues on leasing activity, market information, new business generating efforts, prospects and market knowledge and trends.

February 11, 2023

Provide an excellent customer experience by overseeing the loan process from origination to closing and proactively communicating with the customer throughout the entire process.

March 24, 2023

Understand broad spectrum of commercial lines business not limited to GL, Property, Management Liability, WC and Excess/Umbrella.

March 24, 2023

Develops on-going relationships with agents, monitor profitability and quality of submissions along with the marketing team to keep agent up-to-date with underwriting and/or product changes, efficiently and profitably.

April 18, 2023

Create commercial energy proposals for clients with an array of competitive offers for commercial clients.

April 20, 2023

Review sizing workbooks to develop stronger understanding of deal sizing.

April 27, 2023

Manage property tours with industry colleagues and prospects, creating a professional and engaging tour experience that features the benefits and appeal of our portfolio assets.

May 03, 2023

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Commercial Broker Salary By Experience Levels in Newark, NJ

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Commercial Broker Salary By Level of Education in Newark, NJ

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Commercial Broker in Newark, NJ

Average Base Salary

Core compensation

93768

132847

108755

Average Total Cash Compensation

Includes base and annual incentives

97320

142265

114426

What is the average salary for Commercial Broker in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Broker in Newark, NJ. The base salary for Commercial Broker ranges from $93,768 to $132,847 with the average base salary of $108,755. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $97,320 to $142,265 with the average total cash compensation of $114,426.

View Average Salary for Commercial Broker as table

	Average Salary	Average Salary Range
Base Salary	$108,755	$93,768 - $132,847
Bonus	$5,670	$3,552 - $9,418
Total Pay	$114,426	$97,320 - $142,265

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Commercial Broker Salary Near Newark, NJ

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Newark, NJ
CITY, STATE East Orange, NJ	AVERAGE SALARY RANGE $93,934 - $133,082	COMPARE TO Newark, NJ
CITY, STATE West Orange, NJ	AVERAGE SALARY RANGE $93,934 - $133,082	COMPARE TO Newark, NJ
CITY, STATE Bloomfield, NJ	AVERAGE SALARY RANGE $95,676 - $135,551	COMPARE TO Newark, NJ
CITY, STATE Irvington, NJ	AVERAGE SALARY RANGE $93,934 - $133,082	COMPARE TO Newark, NJ
CITY, STATE Union, NJ	AVERAGE SALARY RANGE $93,934 - $133,082	COMPARE TO Newark, NJ
CITY, STATE Elizabeth, NJ	AVERAGE SALARY RANGE $93,934 - $133,082	COMPARE TO Newark, NJ

See salaries for Commercial Broker in locations close to Newark, NJ. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Newark, New Jersey

Newark (/ˈnjuːərk/,[24] locally /njʊərk/)[25] is the most populous city in the U.S. state of New Jersey and the seat of Essex County.[26] As one of the nation's major air, shipping, and rail hubs, the city had a population of 285,154 in 2017, making it the nation's 70th-most populous municipality, after being ranked 63rd in the nation in 2000. Settled in 1666 by Puritans from New Haven Colony, Newark is one of the oldest cities in the United States. Its location at the mouth of the Passaic River (where it flows into Newark Bay) has made the city's waterfront an integral part of the Port of New...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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The Commercial Broker job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Newark, NJ that might be a good fit for the type of job and salary you are looking for.

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