Apartment Rental in Texas
Over the five years to 2017, the Apartment Rental industry in Texas is set to experience moderate growth. Industry growth has been primarily buoyed by simultaneous declines in the homeownership rate in Texas and the rental vacancy rate. Over the five years to 2022, industry revenue is expected to continue growing but at a severely decelerated rate. This slowdown is anticipated to be caused by expected increases in the rental vacancy rate and the homeownership rate. With increased external competition from the housing market and an increased supply of vacant luxury units, industry operators will likely be forced to charge lower rents to fill vacant units, slowing the industry's growth.
Operators in this industry act as lessors of buildings used as residences or dwellings. Industry participants are owners of residential buildings and establishments that rent real estate and act as lessors by subleasing it to others. In addition to apartment rentals, the industry also includes single-family homes, town houses, cooperatives and condominiums.
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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