The industry’s average annual growth rate for the last 5 years has been 2.5%. North America’s property management market is valued at $4.99 billion. That’s 35.95% of the global market, which is valued at $13.88 billion. North America’s market value grew 7.78% from 2019 to 2020.
What is the Property Management industry worth?
The property management market in the United States has been growing year-on-year since 2009. In 2021, the estimated market size of property management in the U.S. reached 101.3 billion U.S. dollars, up from 99.5 million U.S. dollars in 2020.
How big is the Property Management market?
The market size, measured by revenue, of the Property Management industry is $101.3bn in 2021. What is the growth rate of the Property Management industry in the US in 2021? The market size of the Property Management industry is expected to increase 1.8% in 2021.
Is Property Management an industry?
The Property Management industry includes companies that primarily handle the maintenance of commercial, industrial and residential real estate.
Who is the largest property management company?
Top Multifamily Property Management Firms 2021
|Rank||Company||Units Managed 2019|
|1||Greystar Real Estate Partners||536,342|
|2||Lincoln Property Co.||203,342|
|3||Cushman & Wakefield||2,650|
How many people use property managers?
How many people are employed in the Property Management industry in the US in 2021? There are 877,995 people employed in the Property Management industry in the US as of 2021.
How many residential property managers are there in the US?
There are approximately 80,000 property managers in the United States. Approximately two-thirds have one to four employees and revenue under $1 million.
What’s a property management market analysis?
What is in a Property Management Market Analysis? A thorough property management market analysis will include research on your competition, local housing and economic trends, demographics, and area rental analytics.
What is Property Management in USA?
Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate.
Who is the richest real estate developer?
At the top, Orange County, California-based Donald Bren remains the wealthiest real estate billionaire in the country with an estimated $16.2 billion net worth, nearly $1 billion higher than last year.
How many property management companies are in the United States?
More than 300,000 property management companies are registered in the United States. The national industry employs over 367,000 workers, excluding self-employed managers.
How much is Greystar worth?
Greystar Real Estate Partners is an international real estate developer and manager based in the United States. As of April 2019, Greystar had $32 billion in gross assets under management.
Greystar Real Estate Partners.
|Total assets||US$32 billion (2019)|
|Number of employees||14,000 (2018)|