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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 | May 2015

Moving in: Favorable demographic trends and economic conditions will support modest 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
$165bn
Annual Growth 10-15
4.9%
Annual Growth 15-20
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Profit
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Employment
931,535
Businesses
635,842
Industry Analysis & Industry Trends

Demand for the industry will remain relatively strong over the next five years as homeownership rates stay relatively 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 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 2015. This leaves the remaining 635,838 lessors 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 89.6% of establishments in 2015. However, larger firms with employees will generate more than half of the industry's revenue. Over the past five years, industry market share concentration has increased as larger companies took advantage of low interest rates and increasing demand for expand operations by acquiring less stable competitors... 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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