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Property Management in the US: Market Research Report

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

Property Management Market Research Report | NAICS 53131 | Dec 2016

Moving out: Growing homeownership will reduce demand, but office vacancy will support growth

The Property Management market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$73bn
Annual Growth 11-16
4.5%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
779,087
Businesses
249,551
Industry Threats & Opportunities
  • Office vacancy rates are expected to continue falling each year, helping the industry grow
  • Depressed corporate profit ensures that businesses choose to rent over purchase office space
  • Low interest rates are leading property developers to invest in new housing stock
  • ... purchase to read more

Industry Analysis & Industry Trends

Operating conditions for the Property Management industry are expected to remain positive over the next five years, though this will eventually slow. Over the next few years, the value of residential construction is expected to expand rapidly due to improved consumer confidence and low interest rates, causing an increase in the housing stock. As a result, the US homeownership rate is projected to increase, and fewer consumers will therefore require property management services. To combat this, firms are expected to offer more services such as long-term maintenance contracts to attract renters... ... purchase to read more

Industry Report - Industry Products Chapter

The Property Management industry includes companies that primarily handle the maintenance of commercial, industrial and residential real estate. Property managers are responsible for nearly every aspect of real estate operations, including rent collection, accounting, staffing and building maintenance. Additionally, property managers act as the liaison between landlords and tenants. As a result, property managers often negotiate tenant leases, collect security deposits and process maintenance requests from tenants.

Property management services

According to the latest US Census data and IBISWorld estimates, 82.0% o.. ... purchase to read more

Additional Insights for the Property Management Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Property Management 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 Office rental vacancy and Rental vacancy rates in the Property Management industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Property Management 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 managementNonresidential property managementLand managementReal estate brokerageConstruction
     
    Industry Activities
    Collecting rentManaging facilities maintenance servicesManaging securityManaging trash and recycling collectionProperty accountingLegally representing property ownersFinding and screening tenancy applicantsCoordinating repair contractors


    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
  • Office rental vacancy
  • Rental vacancy rates
  • Corporate profit
  • Homeownership rate
  • Current Performance
  • Residential rental boost
  • Improved company earnings speed growth
  • Industry expansion
  • Chart: Revenue Growth
  • Industry Outlook
  • Residential rental demand falls
  • Transition to nonresidential markets
  • Industry landscape
  • Table: Property Management Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Property Management Industry Lifecycle vs The Economy
  • Products & Markets
    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
  • Nonresidential property management
  • Other
  • Real estate brokerage
  • Land management
  • Construction
  • Chart: Property Management Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Residential properties
  • Other nonresidential properties
  • Commercial
  • Industrial buildings
  • Office buildings
  • Chart: Major Market Segmentation for the Property Management Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases and marketing
  • Rent, utilities and depreciation
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Property Management
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Property Management Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Property Management 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 Property Management Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Office Rental Vacancy (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    Class A Building
  • A commercial office building that commands the highest rent due to the attractiveness and prestige associated with location, tenancy, amenities and overall desirability.
  • 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.

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

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