Operators in the Apartment Rental industry are set to reach new revenue highs over the five years to 2017. Since the subprime mortgage crisis, the industry has undergone structural change. Primarily, the recovery in housing prices has been driven by investors, rather than first-time homebuyers, demonstrating a shift in demand for real estate. Historic lows in homeownership, decreasing rental vacancy rates and surging demand for rental units have enabled landlords to increase rents, aiding revenue growth. Over the five years to 2022, industry revenue is forecast to rise, albeit more slowly. This anticipated slowdown is likely the consequence of an oversupply of luxury units. Moreover, improving economic conditions will help others purchase a home, thereby sapping demand from lessors of apartments.
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 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.