New York, NY · Property Management
Property Management in New York, by the numbers.
The Census Bureau counted 5,988 residential property managers in the New York-Newark-Jersey City, NY-NJ Metro Area in 2023, employing 50,527 people with $3.5 billion in annual payroll.
The local market.
Census Bureau, County Business Patterns 2023. Figures cover the whole metro area.
5,988
1st most of 385 US metro areas
50,527
8.4 per business, against 9.1 across all metros
$3.5 billion
$69,181 per employee
84%
of businesses, against 85% across all metros
+4.4%
in the number of businesses (5,738 in 2022)
What the numbers say about New York.
- New York is one of the ten largest metro markets in the country for residential property managers, 1st of 385.
- A typical business here is about the national size, with 8.4 employees.
- Pay runs above the metro average: $69,181 per employee a year, against $59,712.
- The market grew: 250 more businesses than in 2022.
How VERA helps property management in New York.
The same product everywhere. It prepares the work and waits for your approval before anything goes out.
Acknowledge every maintenance request in minutes
VERA drafts the tenant reply, the vendor dispatch with unit and access details, and the owner heads-up, so nothing sits in a queue overnight.
Collect rent without the awkward calls
VERA ranks unpaid balances by unit and days late and drafts a courteous reminder with a payment link for each one.
Start renewals while you still have time
VERA flags leases well ahead of expiration and drafts the renewal offer on your template, so units renew instead of turning over.
Questions
Property Management in New York
How many residential property managers are there in New York?
5,988 in the New York-Newark-Jersey City, NY-NJ Metro Area, according to the Census Bureau's County Business Patterns for 2023. Together they employed 50,527 people and paid $3.5 billion in annual payroll.
Is the New York market for property management growing?
By number of businesses it grew between 2022 and 2023: from 5,738 to 5,988 (+4.4%).
What does VERA do for property management in New York?
VERA drafts the quotes, invoices, follow-ups and customer messages a New York business runs on, and waits for the owner's approval before anything goes out. It is the same software everywhere; this page adds the local numbers.
Property Management in other markets
Other New York markets
Source: U.S. Census Bureau, County Business Patterns 2023 and 2022, metropolitan statistical areas. The Bureau adds a small amount of noise to these figures to protect individual businesses. The category counted is residential property managers, which can be broader or narrower than the trade itself. About the data.
See what VERA can do for your business.
Try it with the built-in demo data, no credit card, no API keys. VERA proposes the work and waits for your approval before it acts.