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Property, Real Estate, and Community Association Managers Job Outlook

Employment of property, real estate, and community association managers is expected to grow 6 percent from 2010 to 2020, slower than the average for all occupations. 

Employment will grow because more people will live in apartment buildings, condominiums, homeowner communities, and senior housing that property management companies manage. New developments are increasingly being organized with community or homeowner associations that provide community services and oversee jointly owned common areas requiring professional management.

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 college degree in business administration, real estate, or a related field and for those who get a professional certification. Because of the projected increase in the elderly population, particularly good job opportunities are expected for those with experience managing housing for older people and with experience managing healthcare facilities.

Source: Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2012-13 Edition