Property priorities: Rental demand is expected to remain strong, leading to increased industry demand

Companies in the Property Management industry in Ohio take care of residential and nonresidential real estate for property owners. The industry is heavily affected by trends in the real estate markets within the state of Ohio. Over the past five years to 2018, the industry has grown due to falling rental vacancy rates and growing residential demand resulting from falling homeownership rates. Nevertheless, the industry has experienced slow growth from commercial markets over the past five years. To this end, in-state nonresidential construction has grown an annualized 0.1% over the five years to 2018. Overall, industry revenue is expected to grow an annualized 2.1% to total $2.8 billion during the five-year period, including growth of 3.3% in 2018 alone...purchase to read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 13-18
2.1%
Forecast Growth 18-23
Profit
Employment
25,715
Businesses
7,721

Industry Threats & Opportunities

  • Rental demand is expected to remain strong, leading to continued demand for Ohio property managers
  • Industry Report - Industry Key Buyers Chapter

    •The industry in Ohio has a low level of market share concentration.•The industry exhibits concentration similar to that of the national industry, with the majority of operators accounting for less than 5.0% of revenue.•Within the state of Ohio, most operators employ less than 20 people due to the high concentration of nonemployers within Ohio...purchase to read more.

    Additional Insights for the Property Management in Ohio Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Property Management in Ohio 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 Corporate profit and Office rental vacancy in the Property Management in Ohio industry impact industry performance..

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    What's in this report

    What is the Property Management in Ohio Industry?

    Companies in this industry manage residential and nonresidential real estate for property owners. 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
  • Non-Residential Property Management
  • Real Estate Brokerage
  • Land 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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Corporate profit
  • Office rental vacancy
  • Homeownership rate in Ohio
  • Rental vacancy rates

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Property Management in Ohio Industry Lifecycle vs The Economy

  • 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
  • Non-Residential Property Management
  • Other
  • Real Estate Brokerage
  • Land Management
  • Chart: Property Management in Ohio Industry Products and Services Segmentation

  • Major Markets
  • Residential Properties
  • Other Nonresidential Properties
  • Industrial Buildings
  • Commercial Buildings
  • Office Buildings
  • Chart: Major Market Segmentation for the Property Management in Ohio Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Property Management in Ohio

  • Basis of Competition
    Barriers to Entry
    CBRE Group Inc., Colliers International Property Consultants Inc., Cushman & Wakefield Inc., Jones Lang LaSalle Inc.,
  • Table: CBRE Group Inc. - financial performance
  • Table: Colliers International Property Consultants Inc. - financial performance
  • Table: Cushman & Wakefield Inc. - financial performance
  • Table: Jones Lang LaSalle Inc. - financial performance

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

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Property Management in Ohio Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Office Rental Vacancy (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Dwelling
  • A place of residence, such as an apartment or house.
  • Real Estate Investment Trust
  • 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.
  • Vacancy Rate
  • The amount of real estate space unoccupied as a percentage of total available space.
  • What Our Customers Say

    Why buy this report?

    The Property Management in Ohio Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    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 Ohio:
    • 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 Ohio 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 Ohio, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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