U.S. Property Management Market Growth, Size, Trends, Demand, Revenue and Future Outlook
United States Property Management Market Size- By End User, By Service- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: May-2024 | Report ID: IACT2492 | Pages: 1 - 109 | Formats*: |
| Category : Information & Communications Technology | |||
United States Property Management Market Introduction and Overview
According to SPER Market Research, the United States Property Management Market is estimated to reach USD 116.52 billion by 2033 with a CAGR 4.19%.
The report includes an in-depth analysis of the United States Property Management Market, including market size and trends, product mix, distribution channels, and supplier analysis. Property management involves to the administration of current renters or potential tenants. It also includes the land's layout and management. Services including deployment, joining, support, and maintenance are provided by property management. In addition, plans such as those for real estate administration, asset upkeep, lease accounting, reservation management, and so forth. It comprises the management of personal property, which is a capital resource made up of labor, frameworks, and other things needed to cope with the acquired property.
- February 2024: Greystar (Charleston, South Carolina), the largest apartment management company in the nation, purchased Wood Partners' property management division, which included over 38,000 units spread over 17 states. Wood Partners is the fourth-largest real estate developer in the US.
- In November 2023: RealPage Inc. paid roughly $250 million in cash to purchase On-site Managers Inc. For multifamily property managers and tenants, On-Site is an on-demand leasing platform that combines leads from various sources and turns them into signed leases for the single-family and multifamily housing markets.
Market Opportunities and Challenges
Opportunities: The United States is developing newer infrastructure and technology on a regular basis, which is contributing to its rapid expansion and progressively improving the region's total economic statistics. One of the US industries that is expanding the fastest is property management. The need for efficient real estate management systems is growing as more and more new flats are being constructed in major American cities. For property management firms looking to remain competitive and adaptable in the ever-changing real estate market, SaaS models are quickly turning into a strategic need. Furthermore, the United States' real estate industry has a great chance to grow due to the evolving nature of worker mobility.
Challenges:
- Financial constraints involve a wider range of risks- Financial limitations, which encompass a variety of risks, have a substantial impact on market acceptance of property management solutions. This prevents property managers from investing in novel technologies due to high initial and recurring expenditures, which were named as a major barrier by 52% of property managers in a Buildium poll. The significant expenditure necessary frequently deters smaller businesses or individual landlords, impeding effective modernization initiatives. Furthermore, funding constraints limit personnel training, impeding skill development and technology adoption. These restrictions also limit continuing maintenance, reducing software efficiency. To overcome these obstacles, flexible pricing structures and showcasing long-term benefits must be used to persuade stakeholders to prioritize technology adoption despite the cost implications.
Market Competitive Landscape
To increase the functionality and application of their software, top companies in the US property management market concentrate on learning about facility management, lease management, payment services, revenue management, and communication solutions. Moreover, suppliers' market positions are being strengthened by the expansion and development of the current product line. Major companies in the industry include JLL, CBRE, Greystar Real Estate Partners, and Lincoln Property Company.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By End User, By Service |
| Regions covered | Eastern, Western, Northern, Southern |
| Companies Covered | AvalonBay Communities, CBRE Group, CoStar Group Inc., Equity Residential, FPI Management, Greystar Real Estate Partners, Jones Lang LaSalle Incorporated, Lincoln Property Company, Pinnacle Property Management, WinnCompanies, Others |
COVID-19 Impact on United States Property Management Market
The COVID-19 epidemic has impacted real estate (property) management globally, closing down and restricting supply chains. This has impeded the development of real estate (property) management in recent months and is probably going to do so in 2021. Furthermore, In the first quarter of 2021, COVID-19 had an impact on the manufacturing market's revenue; it is expected to continue to have an impact on market growth in the coming months. Prior research revealed that the largest markets for real estate (property) management were the main construction nations of the United States, Germany, Italy, the United Kingdom, and China. However, these markets are now seeing a decline in demand due to the coronavirus outbreak.
Key Target Audience:
- Real Estate Investors
- Property Owners
- Property Developers
- Asset Managers
- Property Managers
- Tenants
- Financial Institutions
- Government Agencies
- Real Estate Brokerages
- Construction Firms
Our in-depth analysis of the United States Property Management Market includes the following segments:
| By End User: |
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| By Service: |
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| By Region: |
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Key Topics Covered in the Report:
- United States Property Management Market Size (FY’2024-FY’2033)
- Overview of United States Property Management Market
- Segmentation of United States Property Management Market By End User (Commercial, Residential)
- Segmentation of United States Property Management Market By Service (Marketing, Property Evaluation, Tenant Services, Maintenance, Others)
- Expansion Analysis of United States Property Management Market
- Problems and Obstacles in United States Property Management Market
- Competitive Landscape in the United States Property Management Market
- Impact of COVID-19 and Demonetization on United States Property Management Market
- Details on Current Investment in United States Property Management Market
- Competitive Analysis of United States Property Management Market
- Prominent Players in the United States Property Management Market
- SWOT Analysis of United States Property Management Market
- United States Property Management Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the United States Property Management Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United States Property Management Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United States Property Management Market
7. United States Property Management Market, By End User (USD Million) 2020-2033
7.1. United States Property Management Market Size, Share and Forecast, By End User, 2020-20267.2. United States Property Management Market Size, Share and Forecast, By End User, 2027-20337.3. Commercial7.4. Residential
8. United States Property Management Market, By Service (USD Million) 2020-2033
8.1. United States Property Management Market Size, Share and Forecast, By Service, 2020-20268.2. United States Property Management Market Size, Share and Forecast, By Service, 2027-20338.3. Marketing8.4. Property Evaluation8.5. Tenant Services8.6. Maintenance8.7. Others
9. United States Property Management Market Forecast, 2020-2033 (USD Million)
9.1. United States Property Management Market Size and Market Share
10. United States Property Management Market, By Region, 2020-2033 (USD Million)
10.1. United States Property Management Market Size and Market Share By Region (2020-2026)10.2. United States Property Management Market Size and Market Share By Region (2027-2033)10.3. Eastern10.4. Western10.5. Northern10.6. Southern
11. Company Profile
11.1. AvalonBay Communities11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments11.2. CBRE Group11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments11.3. CoStar Group Inc.11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments11.4. Equity Residential11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments11.5. FPI Management11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments11.6. Greystar Real Estate Partners11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments11.7. Jones Lang LaSalle Incorporated11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments11.8. Lincoln Property Company11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments11.9. Pinnacle Property Management11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments11.10. WinnCompanies11.10.1. Company details11.10.2. Financial outlook11.10.3. Product summary11.10.4. Recent developments11.11. Others
14. Conclusion
12. List of Abbreviations
13. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
United States Property Management Market is projected to reach USD 116.52 billion by 2033, growing at a CAGR of 4.19% during the forecast period.
United States Property Management Market size from 2022. The Market is expected to reach USD 116.52 billion by 2033, at a CAGR of 4.19% during the forecast period.
United States Property Management Market CAGR of 4.19% during the forecast period.
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United States Property Management Market size is 116.52 billion from 2024 to 2033.
United States Property Management Market Segment is covered By End User, By Service.
The North America anticipated to have the highest market share in the United States Property Management Market .
The key players in the market include Companies Covered AvalonBay Communities, CBRE Group, CoStar Group Inc., Equity Residential, FPI Management, Greystar Real Estate Partners, Jones Lang LaSalle Incorporated, Lincoln Property Company, Pinnacle Property Management, WinnCompanies, Others.
SaaS models are quickly turning into a strategic need. Furthermore, the United States' real estate industry has a great chance to grow due to the evolving nature of worker mobility.
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