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Property Management in the US - Industry Market Research Report

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    Report

  • 48 Pages
  • July 2022
  • Region: United States
  • IBISWorld
  • ID: 16884

Commercial growth: The US homeownership rate is projected to continue increasing, reducing the need for industry services

Over the five years to 2019, the US economy has been primarily focused on expansion. At the residential level, the homeownership rate declined due to various hiccups in growth. These hardships proved favorable for renters, explaining vacancy rate declines during the period. On the opposite side of the spectrum, economic recovery improved the commercial sectors, causing demand for office space to exceed supply, curtailing office rental vacancy during the five-year period. The need for rental markets provided a large boost to the Property Management industry. Over the five years to 2024, the value of residential construction is expected to continue rising, expanding housing stock and lowering rental demand. Unfortunately for industry operators, the US homeownership rate is projected to rebound over the next five years, reducing the need for residential property management services.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

About this Industry

  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources

Industry at a Glance

Industry Performance

  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle

Products & Markets

  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations

Competitive Landscape

  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization

Major Companies

Operating Conditions

  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance

Key Statistics

  • Industry Data
  • Annual Change
  • Key Ratios

Jargon & Glossary

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Prologis, Inc.
  • Boston Properties, Inc.
  • Cushman & Wakefield Plc
  • Cbre Group, Inc.
  • Newmark Group, Inc.
  • FPI Management Inc.
  • NAI Hiffman
  • Adams & Co. Real Estate

Methodology

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