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Apartment Rental in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Apartment Rental Market Research Report | NAICS 53111 | Mar 2017

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

IBISWorld’s Apartment Rental market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$163bn
Annual Growth 12-17
4.3%
Annual Growth 17-22
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Profit
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Employment
780,863
Businesses
514,656
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... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Apartment Rental industry is mainly composed of small, independent lessors, with the top four companies accounting for less than 5.0% of industry revenue in 2017. This leaves the remaining 500,000 plus lessors to compete over the remaining market share. Nonemployers (usually those who rent out their own residential property or manage small buildings) are expected to account for about 87.0% of establishments in 2017. A majority of industry revenue is generated by firms with less than 100 employees, and nonemployers. Over the past five years, industry market share concentration has increased as larger companies took advantage of low interest rates and increasing demand for rentals to expand operations by acquiring less stable competitors. Con.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Apartment Rental Industry?

Operators in this industry act as lessors of buildings used as residences or dwellings. 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 structuresRental of two- to four-unit structuresRental of five- to nine-unit structuresRental of 10- to 19-unit structuresRental of 20- to 49-unit structuresRental of 50- or more unit structuresRental of manufactured homes, mobile homes or trailers
 
Industry Activities
Renting or leasing residential buildingsRenting or leasing residential dwellings


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