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Apartment Rental in the US - Industry Market Research Report

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    Report

  • 76 Pages
  • November 2023
  • Region: United States
  • IBISWorld
  • ID: 239643

For rent: An oversupply of rentals will hamper industry revenue

Apartment lessors provide housing to renters either in a property that they own or in a property that they rent themselves. Lessors have enjoyed a period of success recently, although the pandemic and general economic shifts have disrupted the industry and slowed growth. The economic recession brought on by the pandemic resulted in falling rent prices in line with rising unemployment. Also, those that could afford to largely chose to leave cities as the pandemic incentivized people to focus on their living situations. According to the Apartment List National Rent Report, rent prices shot up following the end of pandemic-related restrictions as lessors sought to recoup lost revenue and booming economic conditions led to higher consumer spending. Rental vacancy rates have also resumed growth, as lessors hold empty apartments to preserve these high rates. Overall, revenue has grown at a CAGR of 0.9% to $251.1 billion over the past five years, despite a decline of 0.9% in 2023.

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 apartments, the industry also rents single-family homes and town houses.

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 (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Equity Residential
  • FirstService Residential
  • Greystar Real Estate Partners, Llc
  • Avalonbay Communities, Inc.
  • Associa
  • Morgan Properties Trust
  • Jameson Sotheby’s International Realty
  • Howard Hanna Real Estate Services
  • @Properties
  • The Irvine Company Llc
  • The Keyes Company
  • Long & Foster Real Estate Inc.
  • Lincoln Property Company Commercial Inc.
  • Llc
  • The Related Companies LP
  • Watson Realty Corp.
  • Century 21 New Millennium
  • LeFrak Organization Inc.
  • Gassen Co. Inc.
  • Cammeby’s International Ltd.
  • Briggs Freeman Sotheby’s International Realty

Methodology

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