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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 | Apr 2016

Apartment, unfurnished: Favorable demographic trends and economic conditions will support growth

IBISWorld’s Apartment Rental market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$173bn
Annual Growth 11-16
4.7%
Annual Growth 16-21
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Profit
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Employment
769,750
Businesses
498,449
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 SWOT Analysis Chapter

The Apartment Rental industry is in the mature stage of its life cycle. Moderate enterprise growth and little product innovation characterize a mature industry. In the 10 years to 2021, industry value added (IVA), which measures the industry's contribution to the overall economy, is forecast to grow at an average annual rate of 3.7%. In comparison, GDP is forecast to increase at an annualized rate of 2.2% 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... 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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