Final answer:
Property management has grown as a service of real estate primarily because of an increase in demand for rental housing.
Step-by-step explanation:
The property management has grown as a service of real estate primarily because of an increase in demand for rental housing. As tastes change and businesses expand, more people are attracted to certain areas, leading to an increased need for affordable rental housing. This shift in demand causes the demand curve for rental housing to shift to the right, resulting in a higher equilibrium price and quantity.