Responsive property management is one of the most important factors in achieving a strong bottom line. The firms in the 2014 MHN-CPE Ranking of Top Property Managers collectively operate over 13.5 billion square feet of commercial space and nearly one million units, no small feat considering the economic climate, challenging residents/tenants, and an ever-evolving institutional real estate landscape.
Our 2013 look at property management leaders shows that third-party management continues to both grow and consolidate. On a period-to-period measure, from 2010 through year-end 2012, occupancy increased for all of the firms except for three, with those likely attributable to portfolio changes.
Our 2012 look at property management firms reveals that both occupancy and rents increased across the board. We predict that this trend should continue through the remainder of 2012 so long as the economy continues its slow and steady recovery.