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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 Key Buyers Chapter

The Apartment Rental industry is mainly composed of small, independent lessors, with the top four companies accounting for less than 5.0% of industry revenue in 2014. This leaves the remaining 429,347 firms to compete over the remaining market share. Nonemployers (usually those who rent out their own residential property or manage small buildings) are expected to account for about 88.6% of establishments in 2014; however more than half of the industry's revenue will be generated by larger firms with employees.

Prior to the recession, larger players aggressively expanded their real estate portfolios by leveraging assets and issuing equity... 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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