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US NAICS 53131 | Industry Report

Property Management in the US Industry Data and Analysis

JR
Jared Ristoff
Analyst New York, United States November 2025

Property managers are hired to oversee operations for apartment complexes and other rental sites. In recent years, the property management industry has experienced an oversupply of high-end apartments, resulting in increased competition and slower lease-up rates. This has resulted in downward pressure on rent growth and flattened or declining rents in certain regions. In the office space sector, elevated interest rates have significantly decreased new office construction. Limited new stock increases the appeal of prime buildings, giving owners a strong negotiating position and leading to rent gains for Class A buildings. Demand for apartments has remained robust, as climbing home prices and elevated mortgage rates have made home ownership unaffordable for many households. Through the end of 2025, industry revenue has climbed at a CAGR of 2.3% to $136.9 billion, including a 0.1% gain in 2025 alone.

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What's included in this industry analysis

IBISWorld's research coverage on the Property Management industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released November 2025.

About this industry

What's this industry report about?

The Property Management industry in the United States operates under the NAICS industry code 53131. 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. Related terms covered in the Property Management industry in the United States include dwelling, vacancy rate, real estate investment trust (reit) and class a building.

What's included in this industry?

Products and services covered in Property Management industry in the United States include Residential property management, Nonresidential property management and Real estate agent and brokerage services.

What companies are included in this industry?

Companies covered in the Property Management industry in the United States include Prologis, Inc., Boston Properties, Inc. and Cushman & Wakefield Plc.

Performance

What's included in the Performance chapter?

The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Property Management industry in the United States.

Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.

Products & Markets

What's included in the Products and Markets chapter?

The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Property Management industry in the United States.

Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.

Geographic Breakdown

What's included in the Geographic Breakdown chapter?

The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Property Management industry in the United States.

Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.

Competitive Forces

What's included in the Competitive Forces chapter?

The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Property Management industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.

Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.

Companies

What's included in the Companies chapter?

The Companies chapter covers Key Takeaways, Market Share and Companies in the Property Management industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.

Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.

External Environment

What's included in the External Environment chapter?

The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Property Management industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.

Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.

Financial Benchmarks

What's included in the Financial Benchmarks chapter?

The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Property Management industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.

Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.

Industry Data

What's included in the Industry Data chapter?

The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Property Management industry in the United States.

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Frequently Asked Questions

What is the market size of the Property Management industry in the United States in 2026?

The market size of the Property Management industry in the United States is $136.9bn in 2026.

How many businesses are there in the Property Management industry in the United States in 2025?

There are 335k businesses in the Property Management industry in the United States, which has grown at a CAGR of 3.4 % between 2020 and 2025.

How may import tariffs affect the Property Management industry in the United States?

The Property Management industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.

How may export tariffs affect the Property Management industry in the United States?

The Property Management industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.

Has the Property Management industry in the United States grown or declined over the past 5 years?

The market size of the Property Management industry in the United States has been growing at a CAGR of 2.3 % between 2020 and 2025.

What is the forecast growth of the Property Management industry in the United States over the next 5 years?

Over the next five years, the Property Management industry in the United States is expected to grow.

What are the biggest companies in the Property Management industry in the United States?

The biggest companies operating in the Property Management industry in the United States are Prologis, Inc., Boston Properties, Inc. and Cushman & Wakefield Plc

What does the Property Management industry in the United States include?

Residential property management and Nonresidential property management are part of the Property Management industry in the United States.

Which companies have the highest market share in the Property Management industry in the United States?

The company holding the most market share in the Property Management industry in the United States is Prologis, Inc..

How competitive is the Property Management industry in the United States?

The level of competition is moderate and steady in the Property Management industry in the United States.

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