Apartment Rental in Illinois - Industry Market Research Report

  • ID: 4578571
  • Report
  • Region: Illinois
  • 31 pages
  • IBISWorld
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Inner city pressure: Declining homeownership and shifts to urban centers have helped the industry

Apartment Rental in Illinois

The Apartment Rental industry in Illinois is poised to return to levels not seen since prior to the subprime mortgage crisis. A number of factors have contributed to industry's growth over the five years to 2017, including a declining homeownership rate, a declining rental vacancy rate in Illinois and a decline in the number of owner-occupied units. Additionally, rent affordability is declining across the state, and rent-burdened individuals are contributing larger portions of their income to cover rents. As demand in Illinois catches up to supply, rents will trend more toward the national median. However, improving economic conditions will help others purchase a home, thereby sapping demand from lessors of apartments.

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 apartment rentals, the industry also includes 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.

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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
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  • RE/MAX LLC
  • @Properties
  • Baird & Warner
  • Jameson Sotheby’s International Realty
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