Nonresidential Property Managers Revenue Benchmarks

How much does the average nonresidential property managers business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$3.3M

per year

💰

Profit Margin

20.0%

industry average

📈

Revenue / Employee

$338K

per year

👤

Total Businesses

15,921

in the US

🏢

Est. Owner Income

$667K

small business avg

💵

Labor Cost

25.0%

of revenue

👥

Avg Employee Wage

$97K

per year (BLS)

💼

Market Saturation

4.8

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$424K
5-9 employees
$1.8M
10-19 employees
$3.9M
20-99 employees
$12.4M
100-499 employees
$34.8M
500+ employees
$137.1M

🏆 Highest Revenue States

1.Missouri$11.1M avg2.Indiana$6.5M avg3.Massachusetts$4.9M avg4.Tennessee$4.6M avg5.Illinois$4.4M avg6.Maryland$4.2M avg7.New York$3.9M avg8.Utah$3.8M avg9.Ohio$3.6M avg10.Minnesota$3.6M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

14.5%

openings/year

Closure Rate

10.73%

closings/year

Net Job Growth

+5.45%

annual

Businesses Closed

8,058

in 2023

Firm Count Trend

19
20
21
22
23
70,704 firms76,436 firms

💡 Should You Start a Nonresidential Property Managers Business?

Startup Cost

$50K – $250K

Break-Even

3 months

5-Year Survival Rate

50.0%

🆚 Related Industries

Offices of Real Estate Agents and Brokers$880KLessors of Residential Buildings and Dwellings$1.2MResidential Property Managers$2.6MLessors of Nonresidential Buildings (except Miniwarehouses)$1.7MOther Activities Related to Real Estate$1.4M

Compare Nonresidential Property Managers revenue with other industries:

vs Officesvs Lessorsvs Residential