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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 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
$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 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

 


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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