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| Market Size (industry trends) | |
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| Market Forecast (5-year projection) | |
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| Products/Services Breakdown | |
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| Revenue per State | |
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| Financial Metrics | |
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| Salary & Compensation Statistics | |
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| Public Company Information | |
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| Key Private Companies | |
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2024 U.S. Industry Statistics & Market Forecast - Property Management & Facility Services
Market Size & Industry Statistics
The total U.S. industry market size for Property Management & Facility Services:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Property Management & Facility Services industry include:- Rising demand for integrated facility services
- Increasing use of technology and automation
- Sustainability and green building practices
- Urbanization and growing real estate markets
- Regulatory changes and compliance requirements
- Shift towards experiential and service-focused offerings
- Outsourcing by companies to reduce costs and improve efficiency
- Adoption of smart building technologies
- Impact of economic fluctuations on real estate demand
- Evolution of workplace environments and remote work trends
- Expansion of health and safety regulations
- Growing emphasis on tenant experience and engagement
- Increased adoption of IoT and advanced analytics in property management
- Shift towards energy-efficient operations
- Changes in property occupancy patterns due to demographic shifts
- Increased focus on security, including cybersecurity for building operations
- Rise in co-working and flexible office spaces
Product & Services Breakdown
Research products and services in the Property Management & Facility Services industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Pest Extermination And Control Services |
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Residential - Rodent |
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Residential - Insect |
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Residential - Other |
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Non-Residential - Rodent |
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Non-Residential - Insect |
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Non-Residential - Other |
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Residential Interior Cleaning Services |
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Commercial Cleaning Services |
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Janitorial And Custodial Services |
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Hotel And Hospitality Industry Housekeeping Services |
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General Cleaning Services For Public And Private Offices |
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General Cleaning Services For Hospitals And Doctors' Offices |
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Other Commercial Or Industrial Cleaning |
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Exterior Window Cleaning Services |
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Building Exterior Cleaning Services |
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Damage Restoration Cleaning Services |
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Hard Surface Floor Care Services |
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Carpet, Rug, And Upholstery Cleaning Services |
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Carpet, Rug, And Upholstery Cleaning - On-Site, Including Curtains And Drapes - Residential |
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Carpet, Rug, And Upholstery Cleaning - On-Site, Including Curtains And Drapes - Commercial |
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Carpet, Rug, And Upholstery Cleaning - Off-Site, Excluding Curtains And Drapes |
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Other Cleaning Services For Buildings And Dwellings |
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Chimney Cleaning Services |
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Drain And Gutter Cleaning Services |
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Swimming Pool Cleaning And Maintenance Services |
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Ventilation Duct And Hood Cleaning Services |
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Snow Removal Services |
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Parking Lot Sweeping Services |
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Other Cleaning Services |
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Residential Landscaping Services |
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Commercial Landscaping Services |
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Commercial - Interior Landscaping Services |
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Commercial - Exterior Landscaping Services - Topical Fertilization And Propagation |
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Commercial - Exterior Landscaping Services - Grass Cutting And Grooming Services |
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Commercial - Exterior Landscaping Services - Weed Control Services |
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Commercial - Exterior Landscaping Services - Tree, Ornamental Plant, And Shrub Services |
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Exterior Landscaping Services - Other Exterior Commercial Landscaping Services |
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Landscape Architectural And Design Services |
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Landscape Construction Services |
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Irrigation And Sprinkler System Installation Services |
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Other Landscape Construction Services |
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Non-Hazardous Waste And Recyclable Material Subcontracted Collection Services |
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Resale Of Merchandise |
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Resale Of Other Merchandise |
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All Other Receipts |
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All Other Operating Receipts |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
|
|---|---|---|
| Total Revenue | Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Property Management & Facility Services company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Property Management & Facility Services industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Property Management & Facility Services measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 4% | Order at top of page |
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| Top Executives | 5% | |||
| Chief Executives | 0% | |||
| General and Operations Managers | 5% | |||
| General and Operations Managers | 3% | |||
| Building and Grounds Cleaning and Maintenance Occupations | 80% | |||
| Supervisors of Building and Grounds Cleaning and Maintenance Workers | 7% | |||
| First-Line Supervisors of Building and Grounds Cleaning and Maintenance Workers | 7% | |||
| First-Line Supervisors of Landscaping, Lawn Service, and Groundskeeping Workers | 9% | |||
| Building Cleaning and Pest Control Workers | 46% | |||
| Building Cleaning Workers | 42% | |||
| Janitors and Cleaners, Except Maids and Housekeeping Cleaners | 38% | |||
| Pest Control Workers | 61% | |||
| Pest Control Workers | 61% | |||
| Grounds Maintenance Workers | 28% | |||
| Grounds Maintenance Workers | 28% | |||
| Landscaping and Groundskeeping Workers | 25% | |||
| Sales and Related Occupations | 5% | |||
| Sales Representatives, Services | 5% | |||
| Miscellaneous Sales Representatives, Services | 5% | |||
| Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel | 5% | |||
| Office and Administrative Support Occupations | 6% | |||
| Other Office and Administrative Support Workers | 6% | |||
| Office Clerks, General | 6% | |||
| Office Clerks, General | 6% | |||
Property Management & Facility Services Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Property Management & Facility Services industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Property Management & Facility Services industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Property Management & Facility Services industry. |
Innovation News
- Jun 13, 2024: Infiltrator Water Technologies patents Modular Subsurface Wastewater Treatment System
- Jun 13, 2024: Infiltrator Water Technologies patents Modular Subsurface Wastewater Treatment System
- May 23, 2024: Pic patents Solar Powered Lighting Element With Simulated Flame And Electrical Insect Eliminator
- Jan 29, 2024: Wildlife Control Supplies trademarks "WE KNOW WILDLIFE!" - retail store services featuring animal control products; catalog services featuring animal control products
- Jan 24, 2024: Gutterglove trademarks "EZ GRIP" - Handles for cleaning brushes for household use
- Jan 16, 2024: MD Weaver trademarks "PEST REVEALER" - Pest control for commercial buildings
- Dec 16, 2022: Scythe Robotics raises $3 million in funding.
- Dec 16, 2022: Scythe Robotics raises $42 million in funding.
- Jan 20, 2022: LML Estate Management raises $1 million in funding.
Recent Federal Contracts for Property Management & Facility Services
- Apr 02, 2024: LETS GET CLEAN LLC (Cheltenham, PA) awarded $69,323
- Apr 02, 2024: FORTAZO CORP. (Davie, FL) awarded $68,968
- Apr 02, 2024: WAGNER ENTERPRISE L.L.C. (Mancos, CO) awarded $181,200
- Apr 02, 2024: CHIMES DISTRICT OF COLUMBIA, INC. (Baltimore, MD) awarded $20,052,478
- Apr 02, 2024: AHTNA GLOBAL, LLC (Anchorage, AK) awarded $1,403,586
- Apr 02, 2024: GRINNING BULL, LLC (Stephenville, TX) awarded $283,026
