For lease: Increased internet usage has fueled substantial industry growth

The Online Apartment Rental Services industry is a relatively young industry that has grown rapidly over the past five years. Over the five years to 2017, demand for this industry has skyrocketed as people have become increasingly comfortable using the internet, and more people have become aware of rental websites. Over the next five years, growth is expected to slow slightly, as competition causes the industry to become slightly saturated. Additionally, the industry's initial boom will begin to wane, and most people will have already become aware of rental websites. However, steady demand for apartments as well as improvements in industry software will likely lead to strong revenue growth over the next five years...purchase to read more.

Industry Statistics & Market Size
Revenue
$351m
Annual Growth 12-17
22.0%
Forecast Growth 17-22
Profit
Employment
9,506
Businesses
2,278
Market Share of Companies

Industry Threats & Opportunities

  • Rapid growth in the number of industry companies has supported strong demand
  • The growing number of companies has supported awareness of the industry
  • Revenue growth is expected to slow as the industry becomes saturated
  • Industry Report - Industry Locations Chapter

    The Online Apartment Rental Services industry is primarily concentrated in urban areas. In particular, New York City, Los Angeles and San Francisco are three of the most concentrated cities in the country. California and New York are the most concentrated states with 15.0% and 14.8% of industry establishments, respectively. While most service industries are tied closely to population, the Mid-Atlantic is the largest region for this industry. Mainly due to New York, the Mid-Atlantic is expected to account for 22.6% of industry establishments in 2017, despite only accounting for 15.2% of the population. The next largest regions are the West (21.1%) and the Southeast (21.1%). Mea...purchase to read more.

    Additional Insights for the Online Apartment Rental Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Online Apartment Rental Services Industry are

  • Proximity to key markets
  • Ability to quickly adopt new technology
  • Having marketing expertise
  • IBISWorld analysts also discuss how external factors such as Percentage of services conducted online and Number of broadband connections in the Online Apartment Rental Services industry impact industry performance..

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    What's in this report

    What is the Online Apartment Rental Services Industry?

    This industry provides internet listing and search functions for residential rental properties. In addition to connecting potential renters with apartment owners and managers, these websites often provide targeted advertising services.

    Industry Products
  • Websites
  • Mobile sites
  • Mobile apps
  • Industry Activities
  • Presenting apartment listings
  • Marketing apartment vacancies
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Percentage of services conducted online
  • Number of broadband connections
  • Rental vacancy rates
  • Homeownership rate
  • Demand from apartment rental

  • Current Performance
  • Internet access
  • More websites
  • More renters
  • Chart: Revenue Growth

  • Industry Outlook
  • Even more apartments
  • A reversing trend
  • Table: Online Apartment Rental Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Online Apartment Rental Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Apartment Rental
  • Homeowners' Associations

  • Key Selling Industries
  • Computer Manufacturing
  • Software Publishing

  • Products & Services
  • Websites
  • Mobile sites
  • Mobile apps
  • Chart: Online Apartment Rental Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Adults aged between 18-34
  • Adults aged between 35-49
  • Adults older than 50
  • Chart: Major Market Segmentation for the Online Apartment Rental Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesMarketingOther
  • Chart: Cost Structure Benchmarking – Sector vs Online Apartment Rental Services

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Online Apartment Rental Services Industry

  • Industry Globalization
    Zillow Group Inc. Class A, RentPath Inc.,
  • Table: Zillow Group Inc. Class A - financial performance
  • Table: RentPath Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Online Apartment Rental Services 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 Online Apartment Rental Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Percentage of services conducted online (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Broker
  • An agent that helps renters find apartments for a fee
  • Landlord
  • The party that owns an apartment being rented
  • Millennials
  • Adults between the ages of 18 and 34
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Online Apartment Rental Services Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Online Apartment Rental Services industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

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

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