Property Management in Illinois

Overview

Profitable properties: Robust construction sector growth to support revenue increases

IBISWorld’s industry research report on Property Management in Illinois can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Negligible capital intensity requirements and low market share concentration have increasingly attracted new industry operators
  • The Chicago industrial market has experienced an ongoing decline in vacancy rates
  • Residential rental demand will weaken slightly and, by extension, will undermine demand

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    Industry Analysis & Industry Trends

    The Property Management industry in Illinois has shown strong growth over the past five years, as Chicago's real estate market has recovered and strengthened, and macroeconomic factors have shifted in the industry's favor. Most significantly, the value of residential and nonresidential construction activity has experienced robust growth while the state homeownership rate has slowly declined, increasing demand for industry services over the five years to 2017. Over the next five years, industry revenue growth is expected to continue, albeit at a slower rate, as home ownership rates are projected to increase, while growth in both the residential and nonresidential construction sectors is expected to slow...

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    Industry Report - Industry Investment Chapter

    The Property Management industry in Illinois is highly labor-intensive, which results in a low level of capital intensity. Although property managers organize and manage maintenance services for properties, maintenance activities are outsourced to contractors. As a result, equipment requirements are generally limited to office furniture, personal computers, telecommunication systems and software. Therefore, as industry operators do not rely strongly on technology or equipment, IBISWorld estimates that for every dollar spent on wages, only $0.04 is spent on capital in 2017.

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    Additional Insights for the Property Management in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Property Management in Illinois Industry are

  • Having contacts within key markets
  • Having a well-defined strategy/goal
  • Proximity to key markets

    • IBISWorld analysts also discuss how external factors such as Homeownership rate in Illinois and Number of Businesses in Illinois in the Property Management in Illinois industry impact industry performance..

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    Industry Products

    What is the Property Management in Illinois Industry?

    Companies in this industry manage residential and nonresidential real estate for property owners in Illinois. Property management responsibilities relate to the overall operation of a property, including maintenance, rent collection, trash removal, security and some renovation activities. Industry players may also help manage a property’s accounting, but operations related to the transactions of properties or real estate investments are not included in this industry.

    Industry Products
    Residential property management
    Nonresidential property management
    Industry Activities
    Collecting rent
    Managing facilities maintenance services
    Managing security
    Managing trash and recycling collection
    Property accounting
    Legally representing property owners
    Finding and screening tenancy applicants
    Coordinating repair contractors

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Homeownership rate in Illinois
  • Number of Businesses in Illinois
  • Population of Illinois
  • Value of private nonresidential construction in Illinois
  • Value of Residential Construction in Illinois

    • Current Performance
  • Chicago residential real estate powerhouse
  • Nonresidential market trends
  • Chart: Revenue Growth

    • Industry Outlook
  • Mounting competitive pressures
  • Trends in nonresidential markets
  • Table: Property Management in Illinois Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Property Management in Illinois Industry Lifecycle vs The Economy

    • Products & Markets
    Supply Chains
    Key Buying Industries
  • Apartment Rental
  • Commercial Leasing
  • Storage & Warehouse Leasing
  • Land Leasing

    • Key Selling Industries
  • Conveyancing Services
  • Electricians
  • Heating & Air-Conditioning Contractors
  • Janitorial Services
  • Landscaping Services
  • Painters
  • Plumbers

    • Products & Services
  • Residential property management
  • Nonresidential property management
  • Chart: Property Management in Illinois Industry Products and Services Segmentation

    • Major Markets
  • Residential properties
  • Other nonresidential properties
  • Commercial
  • Industrial buildings
  • Office buildings
  • Chart: Major Market Segmentation for the Property Management in Illinois Industry

    • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases, rent and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Property Management in Illinois

    • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Property Management in Illinois Industry

    • Major Companies
    CBRE Group Inc.Colliers International Property Consultants Inc.Cushman & Wakefield Inc.NAI HiffmanPrologis Inc.
  • Table: CBRE Group Inc. - financial performance
  • Table: Colliers International Property Consultants Inc. - financial performance
  • Table: Cushman & Wakefield Inc. - financial performance
  • Table: NAI Hiffman - financial performance
  • Table: Prologis Inc. - financial performance

    • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Property Management in Illinois Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Property Management in Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • No. of Businesses in Illinois (2008-2022)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Class A Building
  • A commercial office building that commands the highest rent due to the attractiveness and prestige associated with location, tenancy, amenities and overall desirability.
    • Dwelling
  • A place of residence, such as an apartment or house.
    • Ordinance
  • A piece of legislation enacted by a municipal authority.
    • Vacancy Rate
  • The amount of real estate space unoccupied as a percentage of total available space.

    • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Property Management in Illinois:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Property Management in Illinois market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Property Management in Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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