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Apartment Rental in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Apartment Rental Market Research Report | NAICS 53111 | Sep 2014

Moving in: Low homeownership and sustained unemployment will support modest growth

IBISWorld’s Apartment Rental market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$139bn
Annual Growth 09-14
2.5%
Annual Growth 14-19
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Profit
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Employment
700,191
Businesses
429,351
Industry Analysis & Industry Trends

Demand for the industry will remain relatively strong over the next five years as homeownership rates stay flat. Furthermore, sustained unemployment will cause consumers to rent more instead of buying. US demographic changes, particularly regarding population trends and marital rates, will likely limit demand for homeownership, supporting modest industry growth... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Apartment Rental industry is in the mature stage of its life cycle. Slow underlying demand and enterprise growth and little product innovation characterize a mature industry. In the 10 years to 2019, industry value added (IVA), which measures the industry's contribution to the overall economy, is forecast to grow at an average annual rate of 3.4%. In comparison, GDP is forecast to increase at an annualized rate of 2.5% during the same period. Nonetheless, this growth is slightly misleading because operating profit for apartment owners tends to be high and stable. Property is typically purchased on debt and day-to-day operating costs are minimal. Consequently, margins are high. However, this covers up the fact that a large portion of this profit goes on interest expenses... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Apartment Rental Industry?

Operators in this industry act as lessors of buildings used as residences or dwellings. Industry participants are owner-lessors of residential buildings and establishments that rent real estate and then act as lessors by subleasing it to others. In addition to apartment rentals, the industry also includes single-family homes and town houses.

Industry Products
Rental of one-unit structuresRental of two- to four-unit structuresRental of five- to nine-unit structuresRental of 10- to 19-unit structuresRental of 20- to 49-unit structuresRental of 50- or more unit structuresRental of manufactured homes, mobile homes or trailers
 
Industry Activities
Renting or leasing residential buildingsRenting or leasing residential dwellings


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