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Property Management in Connecticut

Author.Name IBISWorld United States Last Updated: April 2025 NAICS CT53131

Property Management in Connecticut industry analysis

The Property Management industry in Connecticut is expected to decline an annualized -x.x% to $x.x billion over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments decreased an annualized x% to x,xxx locations. Industry employment has decreased an annualized -x.x% to x,xxx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x billion, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to x,xxx locations. Industry employment is expected to increase an annualized x.x% to x,xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Property Management in Connecticut Market Research Report

What’s Included in the Property Management in Connecticut Market Research Report

Definition of the Property Management in Connecticut?

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.

What’s included in the Property Management in Connecticut?

The Property Management in Connecticut includes residential property management, nonresidential property management, real estate agent and brokerage services and construction management. Related terms covered in the Property Management in Connecticut industry report includes a place of residence, such as an apartment or house, the amount of unoccupied real estate space as a percentage of total available space, 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 and a commercial office building that commands the highest rent due to the attractiveness and prestige associated with location, tenancy, amenities and overall desirability.

Industry Performance of the Property Management industry in Connecticut

Benchmark the Property Management in Connecticut industry performance with all CT county and national performance.

Property Management in Connecticut

#28 in Highest Revenue 0.8% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Property Management in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Property Management industry in Connecticut

See how key industry drivers, such as population, unemployment rate, median houshold income, corporate profit, rental vacancy rates and homeownership rate are impacting Property Management in Connecticut

Connecticut Economic Indicators

Population
Unemployment Rate
Median Houshold Income

View more economic information in CT State Economic profile

US Key External Drivers

Corporate profit
Rental vacancy rates
Homeownership rate

For the full list of industry drivers, see report purchase options.

County Data of the Property Management industry in Connecticut

Access proprietary data on county in the Property Management in Connecticut, such as Fairfield County, New Haven County and Hartford County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Property Management industry in Connecticut

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Property Management industry in Connecticut in 2025?

The market size of the Property Management industry in Connecticut is $1.0bn in 2025.

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

There are 3,041 businesses in the Property Management industry in Connecticut, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

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

The market size of the Property Management industry in Connecticut has been declining at an average annual rate of -2.1% from 2020 to 2025.

How many employees in the Property Management industry in Connecticut in 2025?

There are 10,188 employees in the Property Management industry in Connecticut, which has been declining at an average annual rate of -1.1% from 2020 to 2025.