Property managers are usually involved in leasing and facility management decisions. Most property managers start as on-site managers, working closely with tenants.
Consolidation is the general trend in the industry.
Many property management firms are national or international in scope and are able to take over an entire institutional portfolio of various properties from different cities. Property managers' fees are often based on property rental flows, as well as the complexity of the property management work. For example, shopping center property managers may be involved in tenant merchant associations, joint promotions and advertising. It involves more time than a single tenant industrial property, where the primary management function is accounting-based control, reporting and monitoring.