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; equipment lessors industries (including motor vehicles, computers, and consumer goods); and lessors of nonfinancial intangible assets (except copyrighted works).
Excluded from this sector are real estate investment trusts (REITS) and establishments primarily engaged in renting or leasing equipment with operators. REITS are classified in Subsector 525, Funds, Trusts, and Other Financial Vehicles, because they are considered investment vehicles. 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.
Real Estate and Rental and Leasing has a two-digit code of 53. Its subcategories are as follows:
| 2002 NAICS Code |
2002 NAICS Title |
| 531 | Real Estate |
| 531110 | Lessors of Residential Buildings and Dwellings |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) |
| 531130 | Lessors of Miniwarehouses and Self-Storage Units |
| 531190 | Lessors of Other Real Estate Property |
| 531210 | Offices of Real Estate Agents and Brokers |
| 531311 | Residential Property Managers |
| 531312 | Nonresidential Property Managers |
| 531320 | Offices of Real Estate Appraisers |
| 531390 | Other Activities Related to Real Estate |
| 532 | Rental and Leasing Services |
| 532111 | Passenger Car Rental |
| 532112 | Passenger Car Leasing |
| 532120 | Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing |
| 532210 | Consumer Electronics and Appliances Rental |
| 532220 | Formal Wear and Costume Rental |
| 532230 | Video Tape and Disc Rental |
| 532291 | Home Health Equipment Rental |
| 532292 | Recreational Goods Rental |
| 532299 | All Other Consumer Goods Rental |
| 532310 | General Rental Centers |
| 532411 | Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing |
| 532412 | Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing |
| 532420 | Office Machinery and Equipment Rental and Leasing |
| 532490 | Other Commercial and Industrial Machinery and Equipment Rental and Leasing |
| 533 | Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) |
| 533110 | Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) |
Information courtesy of the U.S. Census Bureau.
