Apartment Management, Rental & Leasing – Industry Analysis, Statistics, Trends, and Forecasts

SIC 6513 | NAICS 531110 & 531311

The following guide to industry research and analysis provides sources for industry statistics, trends, and forecasts, financial ratios, salary surveys, and more.

See the following sections listed below to view available resources by category:

Industry Analysis, Statistics, Trends, and Forecasts

Financial Statements and Financial Ratios

Compensation and Salary Surveys

BV Guides and Databases

For guides to other industries, see our index of over 400 industries.

Industry Analysis, Statistics, Trends, and Forecasts

IBISWorld Research Reports

Apartment Rental & Leasing (view report)
Online Apartment Rental Services (view report)

Comprehensive industry research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Topics addressed in the reports include:

Market size and major product and service segments
Key industry statistics, trends, and financial ratios
Operating conditions and current performance
Competitive landscape and environment
Major company profiles and market shares
Five-year outlook and growth forecasts

Sample industry research report and selected industry statistics including market size, five-year average growth rate, number of businesses, and total employment are available free online.

National Apartment Association
Units Magazine
https://www.naahq.org/

Monthly trade journal features news and information for the multifamily housing industry, with topics covered in each issue including industry trends and outlook, property management and marketing, products and services, interviews with leading industry participants, and profiles of innovative firms and properties. Selected feature articles from current and archived issues are available free online.

National Multifamily Housing Council
Research and Insight
http://www.nmhc.org/

Research section provides a comprehensive selection of newsletters and reports for the multifamily housing market, with resources available in this section including "Quick Facts & Figures", "Market Trends Newsletter", "Research Notes Newsletter", "NHMC Quarterly Survey of Apartment Market Conditions", and "Top 50 Owners and Managers". Selected information is available free online.

CBRE, Inc.
U.S. Multifamily MarketView
https://www.cbre.com/

Quarterly publication provides information on current market conditions, statistics, and trends for the multifamily housing industry, with topics addressed in the report including U.S. supply and demand outlook, demand growth in major markets, vacancy rate in major markets, construction permits and completions, rent and revenue growth, underwriting and lending, and investment activity and returns.

BizMiner Market Analysis Reports
Apartment Rental and Leasing Services
https://www.bizminer.com Search for "531110" to see available reports

Market analysis reports provide industry statistics for a user-defined area on a national, state, county, metro area, or zip code level, with data provided including number of companies, market volume and sales trends, average company sales, sales per employee, staffing and employment trends, average employee wage, and business start up activity and failure rates. Sample report can be viewed online.

More Resources
For more industry research reports and other resources, see the following resource guide.

Financial Statements and Financial Ratios

BizMiner Industry Financial Ratios
Apartment Rental and Leasing Services
https://www.bizminer.com Search for "531110" to see available reports

Five-year financial statement analysis reports provide income statements, balance sheets, and key industry financial ratios for companies of all sizes, with financial data available by sales size range on a national, state, and metropolitan area level including:

Income and expenses in dollars and percentages
Balance sheets in dollars and percentages
Profitability and return on investment ratios
Liquidity and working capital ratios
Asset turnover and efficiency ratios
Capital structure and debt service ratios

Sample reports on a national and metropolitan area level are available free online.

The Institute of Real Estate Management
Income/Expense Analysis®: Conventional Apartments
Income/Expense Analysis®: Federally Assisted Apartments
http://www.irem.org/

Annual surveys provide detailed income and expense information for multi-family residential properties, with survey results broken out by type of building (e.g., elevator, low-rise 12 to 24 units, low-rise 25 or more units, garden type, and furnished buildings) on a national, regional, and metropolitan area basis. Sample metropolitan area report, regional map, survey guidelines, and definitions are available online.

National Apartment Association
NAA Survey of Income & Expenses in Rental Apartment Communities
https://www.naahq.org/

Annual financial survey provides revenue and operating expense data for apartment communities, with survey data presented in dollars per unit, dollars per square foot of rentable area, and as a percentage of gross potential rent and broken out by property type (e.g., garden, mid-rise/high-rise), utility metering (e.g., individual, master), total units, and geographic region. Executive summary is available free online.

More financial benchmarking data

Compensation and Salary Surveys

National Multifamily Housing Council
NMHC Multifamily Industry Compensation Survey
http://www.nmhc.org/

Annual compensation survey provides base salary, cash bonus, variable pay, and long-term incentive data for corporate, regional, and on-site personnel employed by multifamily residential property owners on a national, regional, state, and metropolitan area basis. Table of contents, job position descriptions, and complete list of corporate and on-site job positions included in the survey are available free online.

CEL & Associates
National Real Estate Compensation & Benefits Survey
http://celassociates.com/

Annual compensation survey provides base salary and bonus information for personnel employed by multifamily residential property owners and managers, with survey data broken out by company size (number of employees), company type (e.g., public, private), specialization, geographic region, and metropolitan area. Selected summary data for residential management positions is available online.

The Institute of Real Estate Management
Profile and Compensation Study, ARM® Edition
https://www.irem.org/

Triennial salary survey provides compensation and benefits data for accredited residential property managers based on level of education, years of management experience, organization type, type of property managed (e.g., conventionally-financed apartments, affordable/public housing, single-family homes, mobile homes, student housing, and senior housing), portfolio size, and geographic region.

More compensation surveys

BV Guides and Databases

Appraisal Institute
Valuation of Apartment Properties
Mills, Parli, Reynolds, 2008
https://ai.appraisalinstitute.org/ Search "Books" for title

Real estate appraisal publication provides in-depth analysis of the concepts and issues applicable to the multi-unit residential property market, with topics covered in individual chapters including market, neighborhood, site, and property analysis; value concepts; income and expense analysis; and cost, sales comparison, and income capitalization approaches. Table of contents is available free online.

BVMarketData

www.bvresources.com

Private company sales transaction data for over 900 industries.

More valuation data