Overview

For rent: Favorable demographic trends and improving economic conditions will support industry growth

IBISWorld’s Apartment Rental in New York Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • The industry has exhibited healthy growth as demand for apartment rentals has strengthened
  • Falling vacancy rates have gien operators greater leverage to increase rental rates
  • Softening demand for apartment rentals will limit the extent of revenue growth

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    Industry Analysis & Industry Trends

    Operators in the Apartment Rental industry are set to reach new revenue highs over the five years to 2017. Although the industry experienced 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...

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    Industry Report - Industry Products Chapter

    The Apartment Rental industry in New York is composed of players acting 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. The single-family home sector is made up of traditional houses and leasable manufactured or mobile homes.

    Rental units are generally differentiated by type, style, size and location. Uni..

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    Additional Insights for the Apartment Rental in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Apartment Rental in New York Industry are

  • Financial structure of the company
  • Management of a high-quality assets portfolio
  • Superior financial management and debt management
  • IBISWorld analysts also discuss how external factors such as Home Price Index in New York and Population of New York in the Apartment Rental in New York industry impact industry performance..

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    Industry Products

    What is the Apartment Rental in New York Industry?

    Operators in this industry act as lessors of buildings used as residences or dwellings in the state of New York. 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 structures
    Rental of two- to four-unit structures
    Rental of five- to nine-unit structures
    Rental of 10- to 19-unit structures
    Rental of 20- to 49-unit structures
    Rental of 50- or more unit structures
    Industry Activities
    Renting or leasing residential buildings
    Renting or leasing residential dwellings

    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
  • Home Price Index in New York
  • Population of New York
  • Unemployment Rate in New York
  • Yield on 10-year Treasury note

  • Current Performance
  • Uneven growth
  • Development boom
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising vacancies
  • Growing affordable housing
  • Table: Apartment Rental in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Apartment Rental in New York Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Finance and Insurance
  • Retirement & Pension Plans

  • Key Selling Industries
  • Construction
  • Finance and Insurance
  • Landscaping Services
  • Property Management
  • Real Estate Sales & Brokerage
  • Utilities

  • Products & Services
  • Rental of 50- or more unit structures
  • Rental of two- to four-unit structures
  • Rental of one-unit structures
  • Rental of 20- to 49-unit structures
  • Rental of five- to nine-unit structures
  • Rental of 10- to 19-unit structures
  • Chart: Apartment Rental in New York Industry Products and Services Segmentation

  • Major Markets
  • 1 person
  • 2 persons
  • 4 or more persons
  • 3 persons
  • Chart: Major Market Segmentation for the Apartment Rental in New York Industry

  • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitDepreciationWagesPurchases and marketingRent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Apartment Rental in New York

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Apartment Rental in New York Industry

  • Major Companies
    Blackstone Group LPCammeby’s International Ltd.LeFrak Organization Inc.The Related Companies LP
  • Table: Blackstone Group LP - financial performance
  • Table: Cammeby’s International Ltd. - financial performance
  • Table: LeFrak Organization Inc. - financial performance
  • Table: The Related Companies LP - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Apartment Rental in New York 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 Apartment Rental in New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Population of New York (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Dwelling
  • Another name for an apartment or home.
  • Funds From Operations
  • Funds used to define cash flow from operations for REITs that are calculated by adding depreciation and amortization expenses to earnings.
  • Leadership In Energy And Environment Design (Leed)
  • An eco-oriented building certificate program established under the US Green Building Council. LEED-certified buildings are energy efficient and green certified.
  • Occupancy Rate
  • The amount of occupied real estate space as a percentage of total available space.
  • Real Estate Investment Trust (Reit)
  • A legal entity that uses pooled investor capital to purchase and manage income property or mortgage loans. To qualify as an REIT, the entity must distribute at least 90.0% of taxable income.
  • Rental Agreements
  • An agreement with no set period of occupancy in which landlords and tenants are free to make changes to the contract at the end of each 30-day period.
  • Vacancy Rate
  • The amount of unoccupied real estate space 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 Apartment Rental in New York:
    • 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 Apartment Rental in New York 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 Apartment Rental in New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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