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Apartment Rental in the US - Industry Market Research Report

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    Report

  • 51 Pages
  • July 2022
  • Region: United States
  • IBISWorld
  • ID: 239643

For rent: An oversupply of rentals is expected to hamper industry revenue

Operators in the Apartment Rental industry have performed strongly over the five years to 2019; however, industry performance softened in 2017 as vacancy increased. Since the subprime mortgage crisis, the industry has undergone structural change. Leading up to the crisis, a majority of investment in real estate was carried out by institutional investors (those who own 10 properties or more), whereas today, a majority of properties for rent are single-investor owned and nonowner-occupied. Historic lows in homeownership, decreasing rental vacancy rates and surging demand for rental units have enabled landlords to increase rents, aiding revenue growth. Therefore, IBISWorld expects industry revenue to climb over the five years to 2019. Over the five years to 2024, industry revenue is forecast to fall. This anticipated decline is likely a consequence of an oversupply of luxury units, which is expected to increase vacancy and diminish landlord's comparative pricing power.

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

A selection of companies mentioned in this report includes:

  • 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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