The Report Covers US Property Management Market Analysis & Growth. The Market is Segmented by End User (Commercial and Residential) and Service (Marketing, Property Evaluation, Tenant Services, Maintenance, and Other Services). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Property Management Market size was valued at 17.34 USD Billion in 2023 and is projected to reach 32.05 USD Billion by 2031, growing at a CAGR of 8.80% from 2024 to 2031.

Key Market Drivers: • Urbanization and Population Growth: As cities throughout the world continue to grow in population, the demand for residential and commercial housing rises dramatically. This increase in real estate demand generates a favorable climate for property management services. Property owners, particularly those with geographically distributed properties, rely on property managers to tackle the challenges of managing their investments in high-demand, fast-paced urban locations.

• Growing Real Estate Investment: Real estate remains appealing to both individual and institutional investors. This increased investment in real estate, particularly rental residences and commercial spaces, drives up demand for property management services. Owners seeking a consistent return on investment frequently lack the time or experience to maintain their properties themselves, making professional property management an attractive option.

• Rising Popularity of Absentee Ownership: Absentee ownership is becoming increasingly popular, with property owners living far away from their investment homes. This could be due to relocation, inheritance, or portfolio diversification. Property management businesses play an important role for these absentee owners, ensuring that their properties are well-maintained, tenanted, and earning money despite the owner's physical distance.

• Increasing Legal and Regulatory Complexity: The legal landscape for property ownership and administration is continually changing. Regulations governing tenant rights, fair housing, safety standards, and environmental considerations can be complex and ever-changing. Property management businesses stay on top of these legislative updates and guarantee that properties conform, reducing risks and potential liabilities for owners who may struggle to handle these complexities on their own.

• Technological Transformation: The property management sector is undergoing a digital revolution. Cloud-based software simplifies duties, automates processes, and improves communication among property owners, managers, and tenants. This technological advancement enables property management businesses to provide a more complete and cost-effective service, making them a more appealing option for owners looking for modern and efficient solutions.

• Demand for Improved Resident Services: Today's residents want a convenient and responsive living experience. Property management businesses are meeting this demand by providing resident portals for online rent payments, maintenance requests, and communication. This not only increases tenant happiness but also makes operations easier for property managers.

• Focus on sustainability and energy efficiency: As environmental concerns grow, property owners and tenants are seeking more sustainable and energy-efficient structures. Property management businesses are well-positioned to meet this expanding need. Their maintenance and operations experience can improve building efficiency, resulting in lower energy consumption and a more environmentally friendly portfolio that can attract tenants and save money for owners.

Market Size statistics on the Property Management industry in United States

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Property Management Market Size 2025-2029

The property management market size is forecast to increase by USD 13.19 billion at a CAGR of 8.4% between 2024 and 2029.

The market is experiencing significant growth and transformation, driven by the increasing adoption of technology and shifting regulatory requirements. One of the key trends shaping the market is the integration of blockchain and smart contracts for property listings, enhancing security and transparency. This innovation is particularly relevant for global investors seeking to mitigate risks and streamline transactions. Another significant trend is the evolving skill requirements for property management professionals, as they adapt to emerging technologies such as artificial intelligence and the Internet of Things.
These advancements enable more efficient property management, improved tenant experiences, and enhanced data analysis. However, companies must navigate the complex regulatory landscape to ensure compliance with industry and government standards. By staying abreast of these trends and challenges, property management firms can capitalize on market opportunities and effectively navigate the evolving strategic landscape.

What will be the Size of the Property Management Market during the forecast period?

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The market encompasses the services and technologies that enable property owners, landlords, and real estate professionals to effectively oversee and optimize the operations of residential, commercial, industrial, and rental properties. Urbanization and population growth have fueled significant demand for property management solutions, as the need to maintain and interact with tenants, ensure property maintenance, and maximize returns on investment becomes increasingly complex. The market is influenced by various factors, including economic uncertainty and lockdowns, which can impact tenant retention and property occupancy rates. Digital solutions, such as cloud-based property management software and on-premises systems, have emerged as essential tools for property management organizations of all sizes, from Small and Medium Enterprises (SMEs) to large enterprises.
The property management landscape is characterized by a dynamic competitive environment, with various components, such as tenant interactions, maintenance, and organization size, shaping the deployment type and vertical focus of offerings. The market is expected to continue growing, driven by the evolving needs of property owners and the increasing importance of optimizing the property ownership experience.

How is this Property Management Industry segmented?

The property management industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Commercial
  Industrial
  Residential
  Recreational marinas


Component

  Software
  Services


End-User

  Housing Associations
  Property Managers/ Agents
  Property Investors
  Others


Deployment Type

  On-Premises
  Cloud-Based


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    Australia
    China
    India
    Japan


  South America

    Argentina
    Brazil


  Middle East and Africa

    UAE

By Application Insights

The commercial segment is estimated to witness significant growth during the forecast period. Property management encompasses the administration and operation of both residential and commercial real estate, catering to property owners, landlords, and real estate professionals. The commercial property segment focuses on tasks unique to this sector, including lease negotiations, tenant retention strategies, facility maintenance, and compliance with regulations. The demand for commercial property management services has escalated due to the intricacy of managing diverse portfolios and the requirement for specialized expertise in handling commercial leases and tenant interactions. Notably, the APAC region is witnessing significant growth in the commercial property sector, driven by urbanization and industrialization in countries like China and India, which are experiencing population growth and economic expansion.

This trend has led to an increased demand for commercial spaces, including offices, retail, industrial facilities, and commercial complexes. The market is dynamic, with various components, deployment types, and organization sizes, from SMEs to Large Enterprises, catering to verticals such as ITES, Telecommunications, Banking, Financial Services, Insurance, Manufacturing, Consumer Goods, Healthcare, Entertainment, Trade, and more. The market is influenced by factors like technology, accountability, lease management, tenant communication, custome

The property management market in the United States grew year-on-year between 2013 and 2021, followed by a decline until 2023. In 2023, the size of the market was estimated at 117.3 billion U.S. dollars, down from 123.4 in 2021.

Number of Businesses statistics on the Property Management industry in United States

According to Cognitive Market Research, the global Property Management market size will be USD 27812.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 8.80% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 10290.74 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.6% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 8065.71 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 6675.07 million in 2025 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 1056.89 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.8% from 2025 to 2033.
The Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 1112.51 million in 2025. It will grow at a compound annual growth rate (CAGR) of 8.1% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 611.88 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2025 to 2033.
On-premises category is the fastest growing segment of the Property Management industry

Market Dynamics of Property Management Market

Key Drivers for Property Management Market

Technological Advancements and Automation to Boost Market Growth

The integration of advanced technologies such as Property Management Software (PMS), Internet of Things (IoT), and automation systems is a key driver for the property management market. These technologies streamline operations like lease management, tenant communication, and maintenance scheduling. Automated systems enable property managers to provide better services, ensuring efficiency and improving the tenant experience. For instance, PMS allows for real-time tracking of rental payments, maintenance requests, and communication between tenants and landlords. The rise of IoT enables the implementation of smart building solutions, offering energy efficiency and enhanced security. As more property managers adopt these technologies, operational costs are reduced, tenant satisfaction improves, and the overall management process becomes more seamless.

Growing Urbanization and Real Estate Development To Boost Market Growth

Rapid urbanization and increased real estate development are significant driving forces behind the property management market. As more people move to urban centres for work and lifestyle opportunities, the demand for residential, commercial, and mixed-use properties increases. This surge in population and development leads to a higher need for efficient property management to handle the complexities of large residential complexes, office spaces, and retail properties. With real estate developers focusing on building modern infrastructures, property managers are required to oversee these assets, ensuring everything from tenant relations to property maintenance is handled effectively. Furthermore, urbanization results in higher property values, which incentivizes both individual property owners and businesses to invest in professional property management services.

Restraint Factor for the Property Management Market

High Operational Costs, Will Limit Market Growth

A significant restraining factor in the property management market is the high operational costs associated with maintaining and managing properties. Property managers are often required to deal with expensive maintenance, repairs, insurance, and legal fees. This financial burden can be exacerbated by the need for continuous staff training, property inspections, and compliance with local regulations. The costs associated with technological tools and software for property management also add to the operational expenses. In some cases, property managers may need to pass these increased costs onto tenants, which could lead to reduced demand for rental properties, particularly in competitive or price-sensitive markets.

Introduction of the Property Management Market

The property management market involves the operation, control, and oversight of real estate properties on behalf of property owners. This market includes res...

Property Management Software Market Report is Segmented by Development (On-Premises, Cloud-Based), Application (Residential, Commercial), End-User (Housing Associations, Property Managers/ Agents, Property Investors, Others), and Geography (North America, Europe, Asia Pacific, and Rest of the World). The Report Offers Market Size and Values in (USD) During the Forecast Years for the Above Segments.

This statistic shows the revenue of the industry “real estate property managers“ in the U.S. from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of real estate property managers in the U.S. will amount to approximately 86,0 billion U.S. Dollars by 2024.

US Property Management Market size was valued at USD 24.8 Billion in 2024 and is projected to reach USD 42.1 Billion by 2032 growing at a CAGR of 6.8% from 2025 to 2032.

Key Challenges: Rising Property Maintenance Costs: According to the National Association of Realtors (NAR), the average annual maintenance cost of owning a house in the United States has risen by 20% in the past five years. This increase in maintenance costs may prevent property owners from investing in property management services because they will incur greater maintenance charges.

Labor Shortages in Property Management: According to the Bureau of Labor Statistics, the number of property managers in the United States will fall by 16% between 2020 and 2023 due to labour shortages. Also, the shortage of skilled property management personnel stifles industry expansion and raises operational costs for property management firms.

Market Size and Growth: The global property management market size was valued at USD 23.7 billion in 2023 and is projected to reach USD 44.2 billion by 2033, exhibiting a CAGR of 8.4% during the forecast period. The market growth is driven by factors such as increasing demand for property management software, rising urbanization, and the emergence of smart buildings. Additionally, the adoption of cloud-based property management solutions is simplifying operations and improving efficiency, further fueling market expansion. Key Market Trends and Competitive Landscape: The market is segmented into solution, deployment, application, and end-user types. The solution segment is divided into property management software and services, with software dominating the market due to its ability to automate tasks and streamline processes. Deployment options include on-premise and cloud-based solutions, with cloud-based solutions gaining traction due to their flexibility and cost-effectiveness. The application segment encompasses residential and commercial properties, with commercial properties holding a significant market share. Key players in the property management market include Rosmiman Software Corporation, MRI Software LLC, Buildium, Yardi Systems Inc., and Trimble Inc., among others. These companies are investing in innovation and strategic partnerships to gain competitive advantage in the rapidly growing market. Recent developments include: April 2022- Entrata declared its entry into Canada. The premier operating system provider for the multifamily sector, Entrata, announced its entry into the Canadian property management market., March 2022- Reapit is planning to increase the size of its portfolio by purchasing Console, a significant proptech business. Reapit announced the acquisition of Console Group Pty Ltd. with the support of private equity company Accel-KKR (AKKR).. Key drivers for this market are: . Increasing demand for SaaS-based Property Management Solution, . Growing Number of Smart Building Projects. Potential restraints include: . Budgetary limitation.

The Global Property Management Softwaremarket is projected to grow significantly, from USD 5,321.9 Million in 2025 to USD 16,832.1 Million by 2035 an it is reflecting a strong CAGR of 12.4%.

Attributes	Description
Industry Size (2025E)	USD 5,321.9 million
Industry Size (2035F)	USD 16,832.1 million
CAGR (2025 to 2035)	12.4%

Country-wise Insights

Countries	CAGR from 2025 to 2035
India	14.9%
China	13.7%
Germany	9.8%
Japan	12.5%
United States	11.0%

Category-wise Insights

Segment	CAGR ( 2025 to 2035 )
Services ( Component )	13.9%

Segment	Value Share (2025 )
Construction and Real Estate ( Vertical )	32.9%

Competition Outlook: Property Management Software Market

Company Name	Estimated Market Share (%)
Yardi Systems	22-27%
RealPage	18-22%
AppFolio	10-15%
MRI Software	8-12%
Buildium	6-10%
Other Companies (combined)	20-30%

Explore Market Research Intellect's Commercial Property Management Market Report, valued at USD 500 billion in 2024, with a projected market growth to USD 800 billion by 2033, and a CAGR of 6.5% from 2026 to 2033.

The global property management software market size reached USD 2.69 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 4.0 Billion by 2033, exhibiting a growth rate (CAGR) of 4.5% during 2025-2033. The growing demand for handling residential and commercial buildings efficiently is stimulating the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 2.69 Billion
Market Forecast in 2033	USD 4.0 Billion
Market Growth Rate 2025-2033	4.5%

IMARC Group provides an analysis of the key trends in each segment of the global property management software market forecast at the global, regional, and country levels from 2025-2033. Our report has categorized the market based on component and application.

Residential property managers have seen revenue growth in recent years; demand for management services is countercyclical, as more consumers switch to rentals when the economy worsens and the price of home ownership increases. Managers experienced growth during the economic downturn brought on by the COVID-19 pandemic, carried by improved residential constructions. Rental vacancy rates declined as property owners needed to fill more apartments to maximize revenue during a time of uncertainty, as the eviction moratorium prevented them from pushing out renters who couldn't pay. Revenue has grown at a CAGR of 7.3% over the five years to 2024, when revenue is set to reach $113.8 billion, when revenue is set to grow 1.6% and profit is set to have seen overall growth. Homeownership provides the most substantial competition to residential property managers. Interest rates were lowered to spur economic growth during the COVID-19 pandemic, leading to increased homeownership. The Federal Reserve then hiked interest rates multiple times to combat persistent inflation, pushing many residents back to renting. The rental vacancy rate accordingly fell over the past five years. While this may provide more immediate revenue, many property owners purposefully keep a certain quantity of units empty to maintain higher value, supporting profit by increasing the return per unit. Moving forward, the value of residential construction will grow, increasing the profitability of opening rental facilities. Falling interest rates, with cuts having begun in 2024, will have a mixed impact on the industry. Disposable income will grow while this happens, meaning capable renters will not be in short supply. Altogether, revenue is set to grow at a CAGR of 1.7% over the five years to 2029, when revenue is set to reach $122.7 billion.

Revenue is forecast to dip at a compound annual rate of 1.3% over the five years through 2024-25 to £33 billion. Revenue plummeted in 2020-21 as the pandemic dampened property management activity. Property managers enjoyed a sharp recovery in revenue during 2021-22, aided by soaring house prices amid low interest rates. In 2022-23, rent prices skyrocketed as landlords contended with rising interest rates and tax hikes. Competition for housing remained fierce in 2023-24, pushing up rental prices and supporting revenue for property managers. Despite this, revenue slipped overall as non-residential property transactions climbed, with new owners choosing to manage the properties themselves or refurbish or repurpose the property before leasing it out again. Revenue looks set to climb by 2.5% over 2024-25 as rents remain high. Build-to-rent sector growth has proved fruitful for property management companies. According to Knight Frank, in January 2025, more than 22,300 BTR homes were completed in 2024, marking a year of record delivery for the BTR sector. Revenue from the commercial sector is likely to grow, as companies may decide now’s a good time to upgrade their offices thanks to falling interest rates in 2024-25, lifting profit. Over the five years through 2029-30, property management services revenue is slated to swell at a compound annual rate of 2.4% to reach £37.1 billion. The rental market will continue gaining momentum amid upcoming regulatory changes, ramping up costs for landlords and driving commission fee income. House prices look set to remain high, at least in the short term, keeping some prospective homeowners in the rental market. Business confidence will remain somewhat constrained, though Capital Economics forecasts the base rate to fall to 3.5% by early 2026, which should boost investment volumes, increasing demand for property management services. The government's goal to construct 1.5 million homes by 2029 will benefit the industry. Approximately £3 billion of the £5 billion housing budget is earmarked for additional guarantees to SME house builders and build-to-rent developers, indicating ongoing government backing for the private sector. This support for housebuilding initiatives is set to broaden the client base available to property management companies, fostering revenue growth.

Gain insights into the USA Property Management Market size at USD 81.5 billion in 2023, featuring Market Forecasts & Outlook, industry trends, and strategic insights.

This statistic shows the revenue of the industry “real estate property managers“ in Texas by segment from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of real estate property managers in Texas will amount to approximately 7.603,5 million U.S. Dollars by 2024.

According to Cognitive Market Research, The Global Property Management Service market was estimated at USD 14.5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.8% from 2023 to 2030. Rising Demands for SaaS-based Property Management Software to Expand Market Penetration

Subscription-based SaaS solutions benefit companies of all sizes. Businesses increasingly use SaaS solutions to optimize operations by automating workflows and removing manual input. Businesses can also lower the cost and complexity of on-premises deployment by installing SaaS solutions. SaaS software assists large multifamily property management organizations integrate several technologies across their portfolio. In addition, the SaaS model is crucial for multi-vendor device compatibility with legacy systems.

For instance, Planon collaborated with AddOnn in March 2021 to combine AddOnn's SaaS solution with Planon's software platform for building and service digitalization to provide end-to-end solutions to end-users worldwide.

(Source:planonsoftware.com/uk/news/planon-and-addonn-launch-partnership-with-introduction-of-mobile-cleaning-solution/)

Employees in real estate organizations rely on up-to-date information to make vital decisions. SaaS systems allow users to access information from any location and device with internet connectivity. A SaaS platform can help property managers link their property solutions with sophisticated payment services for quick and easy transactions.

Evolving Trends of Workforce Mobility to Strengthen Market Share

Many employees nowadays prefer to work from home rather than in offices, corporate headquarters, or a global company branch. This contributes to the need for flexible access to office resources and data. Besides, organizations are using virtual workplaces to reduce their physical infrastructure requirements to a bare minimum, allowing them to be more flexible and use their office space better. Many businesses seek mobility, workplace, and other integrated facility management solutions. This enables property managers to retain productivity while working with a huge crew. These solutions can be used by associated real estate agents & property managers to maintain track of all the properties they manage and the routine maintenance that needs to be performed on them. As a result, the rising trend of workplace mobility is propelling the property management service industry forward.

For instance, Entrata Inc. reported the integration of Alexa with residential buildings in April 2021. This integration would enable property managers to monitor or set up Alexa-enabled devices in each unit, allowing them to create voice-controlled automated homes.

(Source:www.prnewswire.com/news-releases/entrata-enables-alexa-experience-at-scale-with-amazons-alexa-for-residential-301263114.html)

Market Dynamics of Property Management Service

Integration Complexity and Data Security Concerns to Limit Market Growth

One significant restraint property management software services face is the complexity of integrating with existing systems and databases. Many property management companies already have established tools for accounting, tenant communication, maintenance tracking, and more. Implementing new software solutions can lead to compatibility challenges and difficulties in transferring data seamlessly. Furthermore, as property management software handles sensitive information such as tenant details, financial records, and property documents, ensuring robust data security becomes critical. Any breaches or unauthorized access can lead to legal consequences, financial losses, and company reputation damage.

Impact of COVID-19 on the Property Management Service Market

The COVID-19 pandemic significantly impacted the property management service market, introducing shifts in tenant behavior, remote work trends, and economic uncertainties that prompted property managers to adapt their strategies. Lockdowns and travel restrictions decreased demand for short-term rentals, while remote work trends increased the significance of property amenities and flexible leasing options. Property managers incorporated virtual tours, contactless services, and enhanced sanitation measures to address safety concerns. Moreover, the pandemic accelerated the adoption of proptech solutions for remote property monitoring and digital communication, reshap...

In 2023, the Property Management Market reached a value of USD 22.30 billion, and it is projected to surge to USD 39.32 billion by 2030.