$19.1bn
$X.Xbn
123k
90,435
$X.Xbn
Land leasing companies rent land for residential or commercial use, often for manufactured homes. Leasers range from individuals with small plots to large companies that manage entire communities. Manufactured homes offer a more affordable alternative to traditional on-site housing. Over the five years to 2024, land leasing revenue grew at a CAGR of 1.9% to reach $19.1 billion in 2024, including anticipated 0.9% growth in 2024. Profit remains high at 47.4% of revenue.<br />New housing starts slowed and supply fell in the past few years, pushing prices to extreme highs. The rush to build homes and apartments brought a surge in revenue for private landowners. Manufactured homes' production speed supported supply and gave refuge to home buyers priced out of the traditional market. According to the Manufactured Housing Institute, new home sales volume fell faster than manufactured homes, indicating consumer uptake. With skyrocketing prices, land leasing companies enjoyed higher revenue in 2021 and 2022. A considerable share of Americans retired after 2020. Facing few housing options and, fixed incomes, manufactured home communities provide a reasonable path to homeownership.<br />Nonresidential land has struggled in the wake of the pandemic. Office and commercial space lost value to the growing online economy. However, companies leasing land for warehouses and storage prospered in this new era. With supply chains in shambles, delivery companies searched for warehouse space to manage the chaos. More recently, elevated interest rates have threatened land leasing companies substantially. High interest rates often stave off new business and create trouble for existing leases. <br />Over the five years to 2029, revenue is estimated to rise at a CAGR of 2.5%, reaching $21.5 billion in 2029. Financial pressure will push buyers with lower incomes from the traditional housing market toward affordable manufactured homes. Moreover, the housing supply shortage will not likely be resolved over the next five years, creating additional demand for land rental. Anticipated interest rate cuts by the Federal Reserve early during the outlook period are anticipated to raise demand from the nonresidential real estate market.
Industry revenue has grown at a CAGR of 1.9 % over the past five years, to reach an estimated $19.1bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Sun Communities, Inc. | 2,845.7 | 1,283.1 | 45.1 | |
Equity Lifestyle Properties, Inc. | 1,386.7 | 639.2 | 46.1 |
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Industry revenue is measured across several distinct product and services lines, including Manufactured homes and resort communities, Nonresidential sites and Other. Manufactured homes and resort communities is the largest segment of the Land Leasing in the US.
Despite the rising prices of new manufactured homes, vacancies remain low at many MHCs, indicating that demand is outstripping supply
Operators in this industry act as lessors of real estate that does not include permanent buildings; such real estate includes manufactured home, including mobile home, sites, vacant lots and grazing land. Manufactured and mobile home sites are residential developments for the placement of detached, single-family manufactured homes that are produced off-site. These are then installed within the community on a residential site that is leased by the homeowner.
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NAICS 53119 - Land Leasing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Rising home prices encouraged manufactured home buying. Landowners managing large manufactured home communities have prospered over the past five years.
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Manufactured homes offer low-cost alternatives to expensive new homes. Low-income consumers and retirees make up the bulk of the manufactured home market.
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Florida attracts retirees to its warm weather and low costs. More retirees have grown the manufactured home community in Florida.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Liquidity risks for private owners enable larger land leasing companies to purchase smaller plots at bargain prices, reducing competition. Areas with strong economic growth m...
Learn about the performance of the top companies in the industry.
Sun Communities' strong performance highlights the business opportunities in RV parks, not just manufactured homes. Manufactured housing continues to experience growth, fuele...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Manufactured Home Institute provides detailed information on manufactured home prices compared with the traditional housing market. MHI hosts an annual trade show, the MH...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Land doesn't count toward depreciation costs because its potential usefulness never ends. Its intrinsic value might fluctuate based on market conditions, but it doesn't depre...
Including values and annual change:
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The market size of the Land Leasing in the US industry in United States is $19.1bn in 2024.
There are 90,435 businesses in the Land Leasing in the US industry in United States, which has grown at a CAGR of 0.0 % between 2019 and 2024.
The market size of the Land Leasing in the US industry in United States has been growing at a CAGR of 1.9 % between 2019 and 2024.
Over the next five years, the Land Leasing in the US industry in United States is expected to grow.
The biggest companies operating in the Land Leasing market in United States are Sun Communities, Inc. and Equity Lifestyle Properties, Inc.
Manufactured homes and resort communities and Nonresidential sites are part of the Land Leasing in the US industry.
The company holding the most market share in United States is Sun Communities, Inc..
The level of competition is moderate and steady in the Land Leasing in the US industry in United States.