Industries in the Real Estate subsector group establishments that are primarily engaged in renting or leasing real estate to others; managing real estate for others; selling, buying, or renting real estate for others; and providing other real estate related services, such as appraisal services.
This subsector includes equity Real Estate Investment Trusts (REITs) that are primarily engaged in leasing buildings, dwellings, or other real estate property to others. Mortgage REITs are classified in Subsector 525, Funds, Trusts, and Other Financial Vehicles.
Establishments primarily engaged in subdividing and developing unimproved real estate and constructing buildings for sale are classified in Subsector 236, Construction of Buildings. Establishments primarily engaged in subdividing and improving raw land for subsequent sale to builders are classified in Subsector 237, Heavy and Civil Engineering Construction.
53111 Lessors of Residential Buildings and Dwellings
See industry description for 531110 below.
531110 Lessors of Residential Buildings and Dwellings
This industry comprises establishments primarily engaged in acting as lessors of buildings used
as residences or dwellings, such as single-family homes, apartment buildings, and town homes.
Included in this industry are owner-lessors and establishments renting real estate and then
acting as lessors in subleasing it to others. The establishments in this industry may manage the
property themselves or have another establishment manage it for them.
Cross-References.
- Establishments primarily engaged in managing residential real estate for others are classified in U.S. Industry 531311, Residential Property Managers.
53112 Lessors of Nonresidential Buildings (except Miniwarehouses)
See industry description for 531120 below.
531120 Lessors of Nonresidential Buildings (except Miniwarehouses)
This industry comprises establishments primarily engaged in acting as lessors of buildings
(except miniwarehouses and self-storage units) that are not used as residences or dwellings.
Included in this industry are: (1) owner-lessors of nonresidential buildings; (2) establishments
renting real estate and then acting as lessors in subleasing it to others; and (3) establishments
providing full service office space, whether on a lease or service contract basis. The
establishments in this industry may manage the property themselves or have another establishment
manage it for them.
Cross-References. Establishments primarily engaged in
- Acting as lessors of buildings used as residences or dwellings - classified in Industry 531110, Lessors of Residential Buildings and Dwellings;
- Renting or leasing space for self-storage - classified in Industry 531130, Lessors of Miniwarehouses and Self-Storage Units;
- Managing nonresidential real estate for others - classified in U.S. Industry 531312, Nonresidential Property Managers;
- Providing a range of office support services, such as mailbox rental, other postal and mailing (except direct mail advertising) services, document copying services, facsimile services, word processing services or on-site personal computer rental, that are not providing office space - classified in Industry 56143, Business Service Centers;
- Managing and operating arenas, stadiums, theaters, or other related facilities and promoting and organizing performing arts productions, sports events, and similar events at those facilities - classified in Industry 711310, Promoters of Performing Arts, Sports, and Similar Events with Facilities; and
- Operating public and contract general merchandise warehousing and storage facilities- - classified in Industry 493110, General Warehousing and Storage.
53113 Lessors of Miniwarehouses and Self-Storage Units
See industry description for 531130 below.
531130 Lessors of Miniwarehouses and Self-Storage Units
This industry comprises establishments primarily engaged in renting or leasing space for
self-storage. These establishments provide secure space (i.e., rooms, compartments, lockers,
containers, or outdoor space) where clients can store and retrieve their goods.
Cross-References. Establishments primarily engaged in
- Operating public and contract general merchandise warehousing and storage facilities- - classified in Industry 493110, General Warehousing and Storage.
- Operating coin-operated lockers - classified in Industry 812990, All Other Personal Services.
53119 Lessors of Other Real Estate Property
See industry description for 531190 below.
531190 Lessors of Other Real Estate Property
This industry comprises establishments primarily engaged in acting as lessors of real estate
(except buildings), such as manufactured home (i.e., mobile home) sites, vacant lots, and
grazing land.
Cross-References. Establishments primarily engaged in
- Acting as lessors of buildings used as residences or dwellings including manufactured (mobile) homes on-site - classified in Industry 531110, Lessors of Residential Buildings and Dwellings;
- Acting as lessors of buildings (except miniwarehouses and self-storage units) that are not used as residences or dwellings - classified in Industry 531120, Lessors of Nonresidential Buildings (except Miniwarehouses); and
- Renting or leasing space for self-storage - classified in Industry 531130, Lessors of Miniwarehouses and Self-Storage Units.
5312 Offices of Real Estate Agents and Brokers
53121 Offices of Real Estate Agents and Brokers
See industry description for 531210 below.
531210 Offices of Real Estate Agents and Brokers
This industry comprises establishments primarily engaged in acting as agents and/or brokers in
one or more of the following: (1) selling real estate for others; (2) buying real estate for
others; and (3) renting real estate for others.
5313 Activities Related to Real Estate
This industry group comprises establishments primarily engaged in providing real estate services
(except lessors of real estate and offices of real estate agents and brokers). Included in this
industry group are establishments primarily engaged in activities, such as managing real estate
for others and appraising real estate.
53131 Real Estate Property Managers
This industry comprises establishments primarily engaged in managing real property for others.
Management includes ensuring that various activities associated with the overall operation of the
property are performed, such as collecting rents, and overseeing other services (e.g.,
maintenance, security, trash removal.)
Cross-References.
- Establishments primarily engaged in acting as lessors of real estate are classified in Industry Group 5311, Lessors of Real Estate; and
- Establishments formed on behalf of individual condominium owners or homeowners are classified in Industry 81399, Other Similar Organizations (except Business, Professional, Labor, and Political Organizations).
531311 Residential Property Managers
This U.S. industry comprises establishments primarily engaged in managing residential
real estate for others.
Cross-References.
- Establishments primarily engaged in managing nonresidential real estate for others are classified in U.S. Industry 531312, Nonresidential Property Managers;
- Establishments primarily engaged in acting as lessors of buildings used as residences or dwellings are classified in Industry 531110, Lessors of Residential Buildings and Dwellings; and
- Establishments formed on behalf of individual residential condominium owners or homeowners are classified in Industry 81399, Other Similar Organizations (except Business, Professional, Labor, and Political Organizations);
531312 Nonresidential Property Managers
This U.S. industry comprises establishments primarily engaged in managing nonresidential real
estate for others.
Cross-References.
- Establishments primarily engaged in managing residential real estate for others are classified in U.S. Industry 531311, Residential Property Managers;
- Establishments primarily engaged in acting as lessors of buildings (except miniwarehouses and self storage units) that are not used as residences or dwellings are classified in Industry 531120, Lessors of Nonresidential Buildings (except Miniwarehouses);
- Establishments primarily engaged in renting or leasing space for self-storage are classified in Industry 531130, Lessors of Miniwarehouses and Self-Storage Units; and
- Establishments formed on behalf of individual nonresidential condominium owners are classified in Industry 81399, Other Similar Organizations (except Business, Professional, Labor, and Political Organizations).
53132 Offices of Real Estate Appraisers
See industry description for 531320 below.
531320 Offices of Real Estate Appraisers
This industry comprises establishments primarily engaged in estimating the fair market value of
real estate.
53139 Other Activities Related to Real Estate
See industry description for 531390 below.
531390 Other Activities Related to Real Estate
This industry comprises establishments primarily engaged in performing real estate related
services (except lessors of real estate, offices of real estate agents and brokers, real estate
property managers, and offices of real estate appraisers).
Illustrative Examples:
Real estate escrow agencies; Real estate listing services; Real estate fiduciaries' offices.
Cross-References. Establishments primarily engaged in
- Acting as lessors of real estate - classified in Industry Group 5311, Lessors of Real Estate;
- Selling, buying, and/or renting real estate for others - classified in Industry 531210, Offices of Real Estate Agents and Brokers;
- Managing real estate for others - classified in Industry 53131, Real Estate Property Managers;
- Estimating fair market value of real estate - classified in Industry 531320, Offices of Real Estate Appraisers; and
- Researching public land records for ownership of titles and/or conveying real estate titles - classified in U.S. Industry 541191, Title Abstract and Settlement Offices.
Information courtesy of the U.S. Census Bureau.
