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Apartment Rental in New York - Industry Market Research Report

  • ID: 4755378
  • Report
  • February 2019
  • Region: United States
  • 20 pages
  • IBISWorld
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For rent: Favorable demographic trends and improving economic conditions will support industry growth

FEATURED COMPANIES

  • Blackstone Group LP
  • LeFrak Organization Inc.
  • The Related Companies LP
  • MORE

Apartment Rental in New York

Operators in the Apartment Rental industry are set to reach new revenue highs over the five years to 2017. Although the industry experienced some difficulty prior to the past five years, the subprime mortgage crisis pushed some individuals out of homeownership and into renting. Increasing demand, combined with a shortage of available rental units due to industry pullback during the economic downturn, decreased rental vacancy rates and enabled landlords to raise rents. As the economy improves over the next five years, the unemployment rate will drop and income levels will rise, enabling some people to afford renting at higher rates. In addition, an ever-increasing number of young adults, the age group most likely to rent, will enter the labor force. However, improving economic conditions will help others buy a home, thereby sapping demand for apartments.

Operators in this industry act as lessors of buildings used as residences or dwellings in the state of New York. 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.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Blackstone Group LP
  • LeFrak Organization Inc.
  • The Related Companies LP
  • MORE
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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  • The Related Companies LP
  • LeFrak Organization Inc.
  • Blackstone Group LP
  • Cammeby’s International Ltd.
Note: Product cover images may vary from those shown
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