GITNUX MARKETDATA REPORT 2024

Property Management Industry Statistics

The property management industry is experiencing steady growth with an increasing demand for rental properties and a growing trend towards outsourcing property management services.

With sources from: ibisworld.com, getcredo.com, propertymanagerinsider.com, marketsandmarkets.com and many more

Statistic 1

The global property management market size was valued at $13.88 billion in 2019.

Statistic 2

More than 50% of property managers have reported that maintaining productivity is their biggest challenge.

Statistic 3

Nearly 70% of property managers have between 1 and 10 employees.

Statistic 4

On average, property management companies manage 180 units.

Statistic 5

50% of property managers said that finding new clients is the toughest part of the job.

Statistic 6

3 out of 10 property managers plan to increase their fees.

Statistic 7

About 60% of current rental property owners seek help from property management companies.

Statistic 8

The top 500 property management companies control 41% of the market share.

Statistic 9

The property management industry in the United States has grown by 4.1% to reach the revenue of $92 billion in 2022.

Statistic 10

In 2021, the US property management industry employed 827,200 people.

Statistic 11

There are currently around 281,000 property management businesses in the US.

Statistic 12

By 2022, the global property management software market is estimated to reach $1.63 billion.

Statistic 13

Approximately 42% of rental properties in the United States are managed by property management companies.

Statistic 14

In 2021, 43% of property managers forecasted an increase in rent prices.

Statistic 15

Nearly 75% of property managers use social media to market their properties.

Statistic 16

The software segment of property management market is expected to grow at the highest CAGR during 2020–2025.

Statistic 17

By 2025, the Asia Pacific property management market is projected to grow at the highest CAGR.

Statistic 18

Nearly 30% of real estate businesses plan to increase their investment in property management technology.

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In this post, we explore a comprehensive overview of the property management industry, backed by an array of intriguing statistics. From market size figures to challenges faced by property managers, employee statistics, market share insights, and projected growth trends, these data points provide valuable insights into the dynamics of this thriving sector. Let’s dive into the numbers and unveil the trends shaping the property management landscape.

Statistic 1

"The global property management market size was valued at $13.88 billion in 2019."

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Statistic 2

"More than 50% of property managers have reported that maintaining productivity is their biggest challenge."

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Statistic 3

"Nearly 70% of property managers have between 1 and 10 employees."

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Statistic 4

"On average, property management companies manage 180 units."

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Statistic 5

"50% of property managers said that finding new clients is the toughest part of the job."

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Statistic 6

"3 out of 10 property managers plan to increase their fees."

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Statistic 7

"About 60% of current rental property owners seek help from property management companies."

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Statistic 8

"The top 500 property management companies control 41% of the market share."

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Statistic 9

"The property management industry in the United States has grown by 4.1% to reach the revenue of $92 billion in 2022."

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Statistic 10

"In 2021, the US property management industry employed 827,200 people."

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Statistic 11

"There are currently around 281,000 property management businesses in the US."

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Statistic 12

"By 2022, the global property management software market is estimated to reach $1.63 billion."

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Statistic 13

"Approximately 42% of rental properties in the United States are managed by property management companies."

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Statistic 14

"In 2021, 43% of property managers forecasted an increase in rent prices."

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Statistic 15

"Nearly 75% of property managers use social media to market their properties."

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Statistic 16

"The software segment of property management market is expected to grow at the highest CAGR during 2020–2025."

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Statistic 17

"By 2025, the Asia Pacific property management market is projected to grow at the highest CAGR."

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Statistic 18

"Nearly 30% of real estate businesses plan to increase their investment in property management technology."

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Interpretation

The property management industry is a dynamic and growing sector, as indicated by various statistics. Property managers face challenges such as maintaining productivity and finding new clients, while also planning fee increases and investing in technology. Despite these challenges, the industry continues to expand, with significant market share held by top companies. The use of property management software and social media for marketing is on the rise, reflecting a shift towards digital solutions. With the global property management market projected to increase in value and regional markets experiencing significant growth, the industry shows promise for continued development and innovation.

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