Property, Real Estate, and Community Association Managers
Job Outlook
Employment of property, real estate, and community association managers is projected to grow 8 percent from 2014 to 2024, about as fast as the average for all occupations.
Employment growth will result from more people living in the types of buildings that property management companies operate, such as apartment buildings, condominiums, cooperatives, planned communities, and senior housing. Increasingly, new developments provide community services and have jointly owned common areas that are professionally managed by community or homeowner associations.
In addition, property owners are becoming increasingly aware that property management firms help make properties more profitable and improve the resale value of homes and commercial property.
Job Prospects
Job opportunities should be best for those with a bachelor's degree in business administration, real estate, or a related field and for those with professional certification.
Because of the projected increase in the elderly population, particularly good job opportunities are expected for those with experience managing retirement centers, age-restricted communities, and healthcare facilities.
Property, Real Estate, and Community Association Managers
Percent change in employment, projected 2014-24
Property, real estate, and community association managers
8%
Total, all occupations
7%
Management occupations
6%
Note: All Occupations includes all occupations in the U.S. Economy. Source: U.S. Bureau of Labor Statistics, Employment Projections program