Apartment Rental in California
The Apartment Rental industry in California is one of the largest in the United States. Over the five years to 2017, the industry has exhibited strong growth as demand for apartment rentals has strengthened, especially in relation to the rest of the country. For example, homeownership rates have fallen across California, as housing prices have grown faster than the US average. Over the five years to 2022, the industry is forecast to continue growing, albeit at a slower pace compared with the previous five-year period. New residential development is projected to outgrow the pace of absorption, which will cause vacancy rates to rise across the state.
Operators in this industry act as lessors of buildings used as residences or dwellings in the state of California. 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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