For rent: An oversupply of rentals is expected to push up vacancy rates and hamper revenue
Abstract
Apartment Rental in the US 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.
Our reports have been used by over 10K customers, including:
Abstract Personnel Relocation Services Procurement in the US This report is intended to assist buyers of personnel relocation services. Businesses contract personnel relocation specialists to provide moving and relocation services for their employees. Suppliers help clients’ employees find housing, sell...
United Kingdom (UK) Private Landlord Insurance 2021 Summary This report estimates the size of the UK’s residential landlord insurance market and explores how it has changed in recent years at a time when the buy-to-let sector has been hit by a host of regulatory changes.The tightening of regulation...
Abstract Lease Management Software Procurement in the US This report is intended to assist buyers of lease management software. Buyers use lease management software to manage their property, automobile or equipment and machinery leases. The software digitizes lease information, such as rental agreements, rental...
Rent due: Industry growth is expected to primarily be driven by construction activity and corporate profit Abstract Property Management in Georgia Companies in this industry manage residential and nonresidential real estate for property owners. Property management responsibilities relate to the overall...
On the move: A strong economy has driven demand for moving services over less expensive alternatives Abstract Moving Services in the US The Moving Services industry has grown over the five years to 2019 as the housing market has registered strong and steady growth. Furthermore, steady economic expansion...
Abstract Commercial Real Estate Rental Procurement in the US This report is intended to assist buyers of commercial real estate rental. A commercial real estate rental agreement is a contract between the owner of the commercial property (lessor) and the buyer (tenant). This contract, also referred to as a...
Abstract Outplacement Services Procurement in the US This report is intended to assist buyers of outplacement services, which are designed to help laid-off employees find new work following a downsizing event or other business change. Key buyers include government agencies, manufacturers and professional...
Abstract Audit Services Procurement in the US This report is intended to assist buyers of audit services. Audit service providers are accountants certified to review the accounting records of public and private organizations and attest to compliance with generally accepted accounting practices. Auditors are...
Abstract Consumer Credit Reporting Services Procurement in the US This report is intended to assist buyers of consumer credit reporting services. Vendors in this market provide objective reports on each consumer’s credit history, which buyers can use to make informed business decisions. Insurance companies,...
COVID-19 crunch: Higher unemployment and falling housing transfers constrain growth Abstract Credit Agencies in Australia The industry provides independent opinions about the creditworthiness of companies, individuals, securities or financial obligations. A credit bureau (or consumer credit reporting...
Bank Lending
Housing
Mortgage
Real Estate
Australia
Household Debt
Unemployment Rate
By continuing to use this site you consent to the use of cookies on your device as described in our Cookie Policy unless you have disabled them.
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.