Lease Administration Statistics


Steve Goldstein
Steve Goldstein
Business Formation Expert
Steve Goldstein runs LLCBuddy, helping entrepreneurs set up their LLCs easily. He offers clear guides, articles, and FAQs to simplify the process. His team keeps everything accurate and current, focusing on state rules, registered agents, and compliance. Steve’s passion for helping businesses grow makes LLCBuddy a go-to resource for starting and managing an LLC.

All Posts by Steve Goldstein →
Business Formation Expert  |   Fact Checked by Editorial Staff
Last updated: 
LLCBuddy™ offers informative content for educational purposes only, not as a substitute for professional legal or tax advice. We may earn commissions if you use the services we recommend on this site.
At LLCBuddy, we don't just offer information; we provide a curated experience backed by extensive research and expertise. Led by Steve Goldstein, a seasoned expert in the LLC formation sector, our platform is built on years of hands-on experience and a deep understanding of the nuances involved in establishing and running an LLC. We've navigated the intricacies of the industry, sifted through the complexities, and packaged our knowledge into a comprehensive, user-friendly guide. Our commitment is to empower you with reliable, up-to-date, and actionable insights, ensuring you make informed decisions. With LLCBuddy, you're not just getting a tutorial; you're gaining a trustworthy partner for your entrepreneurial journey.

Lease Administration Statistics 2023: Facts about Lease Administration outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Lease Administration, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Lease Administration Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

Please read the page carefully and don’t miss any words.

Top Lease Administration Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 18 Lease Administration Statistics on this page 🙂

Lease Administration “Latest” Statistics

  • Early in February 1941, a Gallup survey found that 54% of Americans supported providing help to the British without having to meet Lend-Lease requirements.[1]
  • The postwar Anglo-American loan, which increased Britain’s debt to the U.S via Lend-Lease goods kept, was sold to Britain in 1946 for 10% of nominal value, resulting in an initial loan value for the Lend-Lease component of the post-war loans of £1.075 billion.[1]
  • 92.7% of the wartime production of railroad equipment by the USSR was supplied by Lend-Lease, including 1,911 locomotives and 11,225 railcars which augmented the existing stocks of at least 20,000 locomotives and half a million railcars.[2]
  • Only 38% of republicans supported Lend-Lease without any qualifications, compared to 69% of democrats who did.[1]
  • Least Harbor’s solution offers fully complete 10% web based data management and lease administration capabilities with the ability to handle any kind of asset.[3]
  • Visual Lease’ 98% retention record demonstrates that solutions are supported by the most seasoned staff of lease management and accounting specialists in the sector.[4]
  • The lease management market is predicted to grow to $6,252.3 million by 2027, up from $3,721.6 million in 2019.[5]
  • The worldwide lease management market is anticipated to rise from $4.22 billion in 2020 to $6.88 billion by 2028, rising at a CAGR of 6.3% during the forecast period of 2021-2028, according to a research by Fior Markets.[6]
  • In the year 2020, the cloud deployment sector dominated the market and had the highest market share (54.33%).[6]
  • In the year 2020, the big organization size sector dominated the market and had the highest market share (57.23%).[6]
  • In the year 2020, the software category dominated the market and had the highest market share (56.28%).[6]
  • Over 60% of total revenue came from the cloud sector in 2020, and it is anticipated to grow at the greatest CAGR throughout the projection period.[7]
  • From 2021 to 2028, the market for lease management is projected to increase at a compound annual growth rate of 5.9%, reaching $6.35 billion.[7]
  • The size of the worldwide lease management industry was predicted to be $4.01 billion in 2020 and $2.95 billion in 2021.[7]
  • During the projection period, the industrial sector is anticipated to have the highest CAGR of 8.3%.[7]
  • Over the projected period, the services category is anticipated to develop at the greatest pace, 10.5%.[7]
  • During the projection period, small and medium sized businesses are anticipated to see the greatest CAGR of 9.1%.[7]
  • Over 81.0% of all revenue in 2020 came from the software category, which is anticipated to keep leading throughout the projection period.[7]

Also Read

How Useful is Lease Administration

One of the primary advantages of lease administration is its ability to streamline operations and reduce potential risks associated with lease agreements. By centralizing lease information and automating lease tracking and compliance processes, lease administrators can significantly improve efficiency and accuracy in managing leases. This not only saves time and resources but also minimizes the likelihood of errors or oversights that could lead to legal disputes or financial losses for both landlords and tenants.

Another benefit of lease administration is its role in maintaining a positive landlord-tenant relationship. Lease administrators act as a bridge between landlords and tenants, facilitating communication and resolving lease-related issues in a timely and professional manner. This helps prevent misunderstandings or conflicts that can arise from misinterpretations of lease terms or requirements, ultimately fostering a more harmonious and productive working relationship between both parties.

Furthermore, lease administration is instrumental in ensuring that lease agreements are compliant with relevant laws and regulations. Lease administrators stay up-to-date on legal requirements and industry standards, proactively identifying potential compliance issues and implementing necessary changes to ensure that leases meet all legal obligations. This not only protects landlords and tenants from potential legal liabilities but also promotes transparency and trust in lease transactions.

Additionally, lease administration can be a valuable tool for strategic decision-making and long-term planning. By analyzing lease data and trends, lease administrators can provide valuable insights and recommendations for optimizing lease terms, renegotiating lease agreements, or identifying opportunities for portfolio expansion or consolidation. This strategic approach to lease management can help landlords maximize their return on investment and adapt to changing market conditions more effectively.

In conclusion, lease administration is an essential function that adds significant value to real estate management by improving operational efficiency, enhancing communication and relationship management, ensuring regulatory compliance, and supporting strategic decision-making. Landlords and tenants alike stand to benefit from the expertise and support of lease administrators in navigating the complexities of lease agreements and maximizing the potential of their real estate assets. As the real estate market continues to evolve, the role of lease administration will only become more critical in helping stakeholders achieve their goals and objectives in an increasingly competitive and dynamic environment.

Reference


  1. wikipedia – https://en.wikipedia.org/wiki/Lend-Lease
  2. #1
  3. leaseharbor – https://leaseharbor.com/our-system/lease-administration/
  4. visuallease – https://visuallease.com/
  5. analyticssteps – https://www.analyticssteps.com/blogs/what-lease-management-and-why-it-important
  6. globenewswire – https://www.globenewswire.com/news-release/2021/11/02/2325151/0/en/Global-Lease-Management-Market-is-Predicted-to-Reach-USD-6-88-billion-by-2028-Fior-Markets.html
  7. grandviewresearch – https://www.grandviewresearch.com/industry-analysis/lease-management-market-report

Leave a Comment