NAICS Code 53 - Real Estate and Rental and Leasing
NAICS Code 53 Description
The Real Estate and Rental and Leasing sector comprises establishments primarily engaged in renting, leasing, or otherwise allowing the use of tangible or intangible assets, and establishments providing related services. The major portion of this sector comprises establishments that rent, lease, or otherwise allow the use of their own assets by others. The assets may be tangible, as is the case of real estate and equipment, or intangible, as is the case with patents and trademarks. This sector also includes establishments primarily engaged in managing real estate for others, selling, renting and/or buying real estate for others, and appraising real estate. These activities are closely related to this sector's main activity, and it was felt that from a production basis they would best be included here. In addition, a substantial proportion of property management is self-performed by lessors. The main components of this sector are the real estate lessors industries (including equity real estate investment trusts (REITs)); equipment lessors industries (including motor vehicles, computers, and consumer goods); and lessors of nonfinancial intangible assets (except copyrighted works). Excluded from this sector are establishments primarily engaged in renting or leasing equipment with operators. Establishments renting or leasing equipment with operators are classified in various subsectors of NAICS depending on the nature of the services provided (e.g., transportation, construction, agriculture). These activities are excluded from this sector because the client is paying for the expertise and knowledge of the equipment operator, in addition to the rental of the equipment. In many cases, such as the rental of heavy construction equipment, the operator is essential to operate the equipment.
Industry SectorReal Estate and Rental and Leasing
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Hierarchy Navigation for NAICS Code 53
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Questions & Answers
How many active businesses operate in NAICS Code 53?
There are 407,725 verified business locations operating primarily in this industry.
What was the total revenue for NAICS Code 53?
In 2017 the total revenue for Real Estate and Rental and Leasing was $680,556,429,000
What was the annual payroll for NAICS Code 53?
In 2017 the annual payroll for Real Estate and Rental and Leasing was $114,184,262,000
How many people work in NAICS Code 53?
The number of reported paid employees is 2,247,181.