Almost 4,000 Jobs Available In The Rental Housing Industry

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John Triplett's picture
Almost 4,000 Jobs Available In The Rental Housing Industry

The rental housing industry had almost 4,000 jobs available across the county In January, according to a new apartment jobs report that will be coming out regularly from the National Apartment Association.

By John Triplett

Rental Housing Journal

Property management jobs in the rental housing industry are the most in demand right now, according to a new apartment jobs report from the National Apartment Association Education Institute.

The new report, which will be coming out monthly in the future, shows almost 4,000 apartment jobs were available in January. The report shows the need for all job types and skills in the high-demand rental housing industry. And, it shows job growth in the industry is going to be strong in the future.

Jobs in property management, maintenance and leasing will continue to grow and “we’re not seeing that change any time soon,” said Paula Munger, Director, Industry Research and Analysis, for the National Apartment Association (NAA).

“Construction has leveled off a bit and I'm sure you've heard that starts are down. But I see that as more of a normalizing thing than anything. More and more people are making a choice to live in apartments,” she said in an interview with Rental Housing Journal.

“Our education institute is a credentialing body for the apartment industry. They hear often that one of the biggest problems keeping our industry leaders up at night is the difficulty in finding talent, attracting talent and retaining talent,” Munger said.  “Labor-market issues are happening in a lot of industries, certainly with the tight labor market we have.”

So the NAA decided to partner with Burning Glass Technologies. “They have a labor-job posting database that is proprietary,” she said, and they can “layer on data from the Bureau of Labor Statistics (BLS). We looked at that and thought we could do something that is really going to help the industry and help benchmark job titles and trends as we go forward.”

First month of new jobs report in the rental housing industry

Apartment jobs are listed as a percentage of the total real estate jobs in top metropolitan statistical areas. The new national report shows 3,943 total job postings in the rental housing industry in the last 30 days, including 1,028 for property managers, 921 for maintenance and 721 for leasing. The new report shows Phoenix and Denver topping the percentage of apartment jobs across the country, with the following percentage of apartment jobs vs. total real estate jobs.

  • Phoenix – 47%
  • Denver – 44%
  • Houston – 42%
  • Seattle – 40%
  • Atlanta – 39%
  • Portland – 30%
  • Salt Lake City – 25%

“So if I am a human resources executive at one of our apartment operators, I can look at this and if they have maintenance postings in, say, Phoenix, they know that they're going to have a lot of competition out there because that's where a lot of these positions are in demand right now,” Munger said.

“Right now it’s the first month of data. We don't have a lot of context yet for that number. But if you look at the whole real estate sector – what is called ‘real estate’ actually includes commercial real estate firms, rental and leasing - so it actually includes things like car rental companies. That number is around 12,000 jobs and about a third, the 3,943 in January for example, are in the multifamily industry.

“So really, what we did with this is to hone in on just the apartment industry. So I think seeing that's a third of a pretty large sector is pretty impressive,” Munger said.

Breakdown of some of the 3,943 job postings in the rental housing industry in January

  • Maintenance technician – 528
  • Leasing consultant – 452
  • Community manager – 335
  • Property manager – 324
  • Assistant property manager – 186
  • Maintenance supervisor - 108

Almost 4,000 Jobs Available In The Rental Housing Industry

Property management jobs in demand

With 1,028 property management job postings, it is clear there is a need for more property managers in the rental housing industry.

Munger confirmed that, saying, “Exactly. That's also what the education institute is doing. They're trying to form the next generation of leaders in this industry.

“So if there are that many property management jobs vacant right now, and they actually partner with local universities, it will really help get the word out. They are talking about going even as young as high school because there are a lot of potential applicants out there who might not even know that this is the job for them,” Munger said.

What is the turnover rate like?

 Munger was asked how turnover contributes to these current job openings.

“Certainly, new construction contributes to more jobs, but there is turnover in the existing categories in property management and in maintenance,” Munger said. “It certainly varies by market and individual company.

“I know it's something that most companies aren't willing to share that figure, for obvious reasons. With the labor market this tight, turnover is usually higher. If I can leave because there's a job across the street - it’s maybe an extra week of vacation or $10 an hour more - I'm going to go across the street. So it's very high,” Munger said.

West and Northwest have high demand

In the West and Northwest markets, and others where there is a higher concentration of growth in the apartment industry and new construction, there is a demand for jobs.

 “So you have the West and then the South and then it goes up into the Southeast where you hit Atlanta. This is where the job growth is. This is where population growth is. Where you have more apartments, you're going to have more of these positions. So basically, it's driven by general job growth and then certainly the apartment industry growth,” Munger said.

Munger said they will put out a new jobs report regularly.

“We're going to run this every month from this database. We will use our own cleaning, getting rid of some of the noise in the data, and analyzing it and see how those numbers progress over time.

“But also at the end of each quarter we will be doing a little more analysis. I think at the end of each quarter, it will be nice to have, "Well, what am I supposed to be looking at here and what are the trends and what are we seeing?"


NAA Education Institute

National Apartment Association

Bureau of Labor Statistics

Burning Glass Technologies

Residential Property Management – Real Communities Real Careers

About the National Apartment Association Education Institute

The NAA Education Institute provides broad-based education, training and recruitment programs that attract, nurture and retain high-quality professionals and develop tomorrow’s Residential Property Management industry leaders.

About The National Apartment Association

The National Apartment Association is the leading voice for the apartment housing industry. As a trusted partner, a valued connector and a powerful advocate, the NAA is committed to serving 160 affiliates, more than 75,000 members and the 9.25 million apartment units operate globally.


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