Industry Analysis & Industry Trends
Operators in the Apartment Rental industry are set to reach new revenue highs in 2016. Even though the industry had some difficulty prior to the past five years, the subprime mortgage crisis pushed some individuals out of homeownership and into renting. Increasing demand, combined with a shortage of available rental units due to industry pullback during the economic downturn, decreased rental vacancy rates and enabled landlords to raise rents. As the economy improves over the next five years, the unemployment rate will drop and income levels will rise, enabling some people to afford renting at higher rates. In addition, an ever-increasing number of young adults, the age group most likely to rent, will enter the labor force... purchase to read more
Industry Report - Industry Products Chapter
The Apartment Rental industry composed of players that act as lessors of buildings used as residences or dwellings, including apartment buildings, single-family homes and townhomes. Owner-lessors are included in this industry, as are companies and individuals who rent property and then act as lessors in subletting the space to others.
Apartments are rental units situated within buildings or complexes with five or more units, while the townhome segment of the industry includes properties with two to four units and the single-family home sector is made up of traditional houses and leasable manufactured or mobile homes.
Rental units are generally differentiated by the type, style, size and location of the unit... purchase to read more