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

Graph and download economic data for Total Revenue for Real Estate Property Managers, All Establishments, Employer Firms (REVEF53131ALLEST) from 2009 to 2022 about management, employer firms, accounting, revenue, real estate, establishments, services, and USA.

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

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.

Key Trends for Property Management Market

Adoption of Cloud-Based and Mobile Property Management Platforms

A notable trend influencing the property management sector is the swift adoption of cloud-base...

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...

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.

According to Cognitive Market Research, the global Property Management & Real Estate Software market size will be USD 5369.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 2147.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1610.8 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1235.0 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 268.4 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 107.3 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.
The Commercial property type held the highest Property Management & Real Estate Software market revenue share in 2024.

Market Dynamics of Property Management & Real Estate Software Market

Key Drivers for Property Management & Real Estate Software Market

Population Growth and Urbanization to Increase the Demand Globally

The rapid growth of urban populations worldwide is driving increased demand for residential and commercial properties. As cities expand, the need for efficient property management systems becomes essential to manage the complexities of high-density living and commercial activities. In 2012, 52.5% of the global population lived in urban areas, which increased to 56.9% by 2022. This urban population share is generally higher in developed regions (79.7% in 2022) compared to developing regions (52.3%). In Least Developed Countries (LDCs), only 35.8% of the population resides in urban areas. By 2050, over two-thirds of the world's population is expected to live in urban areas. Governments and the private sector are investing heavily in infrastructure projects, which are boosting real estate development and creating a demand for advanced software solutions to manage the growing portfolio of properties.

Integration with IoT and Smart Technologies to Propel Market Growth

Integrating property management software with IoT and smart technologies allows for remote property monitoring, predictive maintenance, and efficient energy management. For example, sensors in rental units can detect water leaks or temperature changes, providing real-time alerts to property managers. This proactive approach prevents costly damage and enhances tenant comfort. Furthermore, smart thermostats and lighting systems optimize energy use, lowering utility costs and reducing environmental impact.

Restraint Factor for the Property Management & Real Estate Software Market

High Cost of Implementation and Resistance to Adoption to Limit the Sales

High initial costs, including software licensing fees, customization expenses, and staff training, present significant barriers for smaller property management firms. These financial constraints can hinder adoption and limit access to advanced software solutions, affecting operational efficiency and competitiveness in the market. Resistance to changing from traditional manual property management processes also hampers the adoption of property management software. Property managers and stakeholders may find it challenging to transition from paper-based systems, slowing the advancement and widespread implementation of digital solutions in the industry..

Impact of Covid-19 on the Property Management & Real Estate Software Market

The pandemic necessitated remote work and contactless interactions, driving the accelerated adoption of digital property management solutions. Property managers increasingly relied on software for virtual tours, online lease signing, and digital rent collection. Social distancing measures made virtual tours and remote leasing essential, boosting demand for property management software with these features, and enabling property viewings and tenant acquisition without physical interaction. Property management software improved communication bet...

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 **** billion U.S. Dollars by 2024.

Nonresidential property managers have seen relatively steady revenue growth in recent years despite disruptions caused by the COVID-19 pandemic. The pandemic negatively affected downstream demand from office buildings as business closures and the increased prevalence of working from home increased office rental vacancy rates. Still, government stimulus kept downstream demand from falling as much as it might have and an accelerated shift to online shopping led to increased demand from warehouses. More recently, data center construction has surged. The increased operational difficulties that came with the pandemic led to an increased need for management services from specific sectors. Overall, revenue for the nonresidential property management industry grew at an expected CAGR of 3.3% over the five years to 2024, when revenue is set to reach $45.2 billion and grow 2.0%, and profit is set to see slight overall growth. Moving forward, the nonresidential property management industry is set to see continued growth along with the broader macroeconomic environment. With cuts having begun in 2024, falling interest rates and continued federal funding for nonresidential construction are set to increase the value of nonresidential construction, expanding the market available to nonresidential property managers. The number of businesses, corporate profit and per capita disposable income are all set to see growth in the coming years, driving growth for the industry. The nonresidential property management industry will likely continue to become more global and technologically sophisticated. Revenue for the nonresidential property management industry is set to grow at a CAGR of 2.9% to reach $52.3 billion in 2029.

This statistic shows the revenue of the industry “real estate property managers“ in California by segment from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of real estate property managers in California will amount to approximately 13.910,0 million U.S. Dollars by 2024.

Global Real Estate And Property Management Services market size 2025 was XX Million. Real Estate And Property Management Services Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

This table contains 225 series, with data for years 1998 - 2006 (not all combinations necessarily have data for all years), and was last released on 2010-03-22. This table contains data described by the following dimensions (Not all combinations are available): Geography (15 items: Canada; Prince Edward Island; Nova Scotia; Newfoundland and Labrador ...), North American Industry Classification System (NAICS) (3 items: Lessors of residential buildings and dwellings (except social housing projects);Non-residential leasing; Real estate property managers ...), Summary statistics (5 items: Operating revenue; Operating expenses; Salaries; wages and benefits; Operating profit margin ...).

The vacation rental property management system (VRPMS) market is experiencing robust growth, driven by the booming short-term rental industry and the increasing need for efficient property management solutions. The market, estimated at $2 billion in 2025, is projected to expand significantly over the next decade, fueled by a Compound Annual Growth Rate (CAGR) of 15%. This growth is primarily attributed to several key factors. The rise of online travel agencies (OTAs) and the increasing popularity of vacation rentals among travelers are creating significant demand for sophisticated software that streamlines operations, automates tasks, and improves revenue management. Furthermore, the increasing adoption of cloud-based and mobile-accessible solutions is simplifying property management for both small businesses and large enterprises. The diverse range of features offered by VRPMS platforms, including channel management, guest communication tools, payment processing, and revenue optimization capabilities, are attracting a wide spectrum of users. Segmentation within the market reflects this diversity, with both online/SaaS and on-premise solutions catering to SMEs and large businesses alike. Geographic expansion is another key driver, with North America and Europe currently leading the market but significant growth potential existing in Asia-Pacific and other emerging regions. Despite its strong growth trajectory, the VRPMS market faces certain restraints. Integration challenges with existing property management systems and the ongoing need for software updates and maintenance can pose hurdles for some businesses. Competition within the market is intense, with numerous established players and emerging startups vying for market share. However, the overall positive outlook for the short-term rental industry and the continued technological advancements within VRPMS software suggest that this market will continue its upward trend, offering substantial opportunities for both providers and investors. The increasing demand for advanced features like dynamic pricing algorithms, revenue forecasting, and guest experience enhancement tools will further drive innovation and market expansion in the coming years.

In 2019, the revenue of property management services in China amounted to 809.5 billion yuan, increasing from 678.9 billion yuan in the previous year. The revenue is estimated to reach two trillion yuan by 2024.

The US property management industry, a significant segment of the broader real estate market, is experiencing steady growth, projected to reach a substantial size over the next decade. Driven by factors such as increasing urbanization, a robust rental market, and the growing preference for rental housing among millennials and Gen Z, the sector shows considerable promise. The industry is segmented by end-user (commercial and residential) and service type (marketing, property evaluation, tenant services, maintenance, and other services). Commercial property management is a significant revenue driver, benefiting from the expansion of businesses and the need for efficient space management. Residential property management, however, is expected to see higher growth due to increasing demand for rental units across various price points. Technological advancements, particularly in property management software and online platforms, are streamlining operations and enhancing efficiency, improving tenant experiences, and attracting new investors. However, challenges remain, including fluctuating interest rates impacting investment decisions, potential economic downturns affecting occupancy rates, and the need for skilled professionals to manage increasingly complex portfolios. The competitive landscape is characterized by both large, publicly traded companies like CBRE Group and Jones Lang LaSalle, as well as smaller, regional players specializing in niche markets. This competitive dynamic fosters innovation and provides a wide range of services catering to diverse client needs. The forecast period of 2025-2033 suggests a continued positive trajectory for the US property management market. While external factors like inflation and recessionary pressures could influence growth rates, the underlying demand for professional property management services is expected to remain strong. The industry's adaptation to technological advancements and the ongoing evolution of property management practices are key factors contributing to its resilience and long-term sustainability. The concentration of major players in key metropolitan areas suggests future growth will likely be concentrated in these urban centers, with expansion into secondary and tertiary markets also presenting significant opportunities. Further segmentation analysis, particularly focusing on specific service types within both commercial and residential sectors, would allow for more precise projections and strategic investment decisions. Comprehensive Coverage US Property Management Industry Report (2019-2033) This in-depth report provides a comprehensive analysis of the US Property Management Industry, offering invaluable insights for investors, industry professionals, and strategic planners. The report covers the period from 2019 to 2033, with a base year of 2025 and a forecast period extending to 2033. We delve into market size, segmentation, trends, and key players, leveraging data from the historical period (2019-2024) to project future growth. Our analysis encompasses various segments, including commercial and residential property management, and services like marketing, property evaluation, tenant services, and maintenance. Discover the factors driving market expansion and the challenges impacting industry players. This report is your essential guide to navigating the dynamic US property management landscape. Recent developments include: February 2024: Wood Partners, the 4th-largest real estate developer in the United States, sold its property management business for its 38,000+ units in 17 states to Greystar (Charleston, South Carolina), the country's largest apartment management company., November 2023: RealPage Inc. acquired On-site Managers Inc. for approximately USD 250 million in cash. On-Site is an on-demand leasing platform for multifamily property management and renters that integrates leads from all sources and converts them to signed leases for the multifamily industry and the single-family housing industry. RealPage will continue to support the on-site platform and plans to integrate the best of its on-site platforms in the future. Clients on both platforms will continue to benefit from future improvements without disruption.. Key drivers for this market are: Increasing Demand from the Commercial Segment is Driving the Market, Increasing Disposable Income of Consumers is Driving the market. Potential restraints include: Economic Uncertainties are Restraining the Market. Notable trends are: Demand from the Residential Sector is Supporting the Market.

North America Property Management Software market size will be USD 9060.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031. North America has emerged as a prominent participant, and its sales revenue is estimated to reach USD 17699.9 Million by 2031. This growth is mainly attributed to the country's focus on efficiency, digitalization, and automation in the real estate sector.

This table contains 168 series, with data for years 2007 - 2012 (not all combinations necessarily have data for all years) , and was last released on 2015-09-28. This table contains data described by the following dimensions (Not all combinations are available): Geography (14 items: Canada; Newfoundland and Labrador; Prince Edward Island; Nova Scotia; ...), North American Industry Classification System (NAICS) (3 items: Lessors of residential buildings and dwellings (except social housing projects); Non-residential leasing; Real estate property managers), Summary statistics (4 items: Operating revenue; Operating expenses; Salaries, wages and benefits; Operating profit margin).

The summary statistics by North American Industry Classification System (NAICS) which include: operating revenue (dollars x 1,000,000), operating expenses (dollars x 1,000,000), salaries wages and benefits (dollars x 1,000,000), and operating profit margin (by percent), of lessors of residential buildings and dwellings (except social housing projects) (NAICS 531111), annual, for five years of data.

Graph and download economic data for Total Expense for Real Estate Property Managers, Establishments Subject to Federal Income Tax, Employer Firms (DISCONTINUED) (EXPEF53131TAXABL) from 2009 to 2012 about management, employer firms, accounting, real estate, establishments, tax, expenditures, services, and USA.

The Canadian property management industry witnessed robust growth in rental apartment supply in 2024, lifting national vacancy rates to 2.2%. The expansion in apartment supply was the most significant in over three decades. However, rental market conditions remained tight in crucial markets. The average rent for two-bedroom apartment units climbed 5.4% in 2024, highlighting sustained demand for apartment rentals. Affordability issues persisted since the completion of high-priced units bolstered the supply gain. The industry remained highly competitive, requiring agile adaptation strategies from property managers in response to slower rent growth, higher vacancies, evolving tenant preferences and affordability challenges. Nonetheless, revenue has grown at a CAGR of 0.2% to $9.8 billion through the end of 2025, including a 1.3% climb in 2025. Sustained demand for apartment rental will primarily drive revenue growth in 2025, as residential property management is the industry's largest market. The high cost of housing has continued to subvert the transition from renting to homeownership. Interest rate reductions by the Bank of Canada stimulated a 10.0% climb in home sales in 2024, yet homeownership is still out of reach for most Canadians. As Canadians stay longer in rentals, demand for residential property managers is expected to strengthen. On the other hand, the demand for commercial property management is mixed because of the complexity of commercial buildings, evolving workspace needs and the emergence of hybrid work models. Higher rental rates and lower vacancy rates have led to rising profit. The industry will enjoy growth through the end of 2030, with revenue rising at a CAGR of 1.4% to reach $10.5 billion in 2030. Continuous population growth and urbanization will significantly influence the industry's performance, increasing rental housing demand in major cities. Although interest rates have dropped, home ownership will remain elusive for most Canadians, which means Canadians will rent longer, sustaining demand for residential property management services. Technological advancements will fundamentally change the industry's operations, making Artificial Intelligence, the Internet of Things and automation key drivers of efficiency, sustainability and tenant-centric innovation. The next five years will also present regulatory changes that could add compliance burdens and influence market dynamics. Canadian property management will evolve and be characterized by data-driven portfolio management, tenant retention strategies, technological adoption and compliance with stricter environmental regulations and tenant protection measures.