Is the rental property the largest fragmented industry in the U.S.?
The data shows that even the biggest players are tiny in terms of market share. Here’s the breakdown: 1. The largest single-family rental (SFR) owner, Progress Residential, owns just 0.57% of the nation’s SFR homes. 2. The largest apartment owner, Greystar, owns only 0.47% of the nation’s apartment units. 3. The top 50 SFR owners combined control just 3.67% of the market, meaning smaller players dominate 96.33%. 4. The top 50 apartment owners combined control 10.58% of the market, leaving 89.42% to smaller players. In what other major industry do the biggest players hold such a small share? Even the largest rental housing companies are relatively small, making it hard for any one company to significantly influence the market. When discussing "giants" in rental housing, it’s important to provide context about their actual market share. Accuracy matters. Can you think of another major U.S. industry as fragmented as rental housing? I’d love to hear your thoughts!