Property Management in California
Among all states, the Property Management industry in California is the largest in terms of revenue. Over the five years to 2017, the industry has grown as construction activity has ramped up across California. The value of nonresidential construction in California has surged, which has yielded a greater number of offices, shopping centers and industrial facilities. Overall, as more residential and nonresidential properties have manifested across the Golden State, property owners have turned to operators to oversee these new properties, abetting demand for property management services. The Property Management industry in California is projected to continue growing, albeit at a comparatively slower rate, over the five years to 2022.
Industry operators manage residential and nonresidential real estate in California for property owners. Property management responsibilities relate to the overall operation of a property, including maintenance, rent collection, trash removal, security and some renovation activities. Although operators may help manage a property’s accounting system, operations related to the transactions of properties or real estate investments are excluded in this industry.
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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