Sector Description
The Sector as a Whole
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 from a production basis they are 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.
IBISWorld Industry Research Report
Real Estate and Rental and Leasing in the US (53)
Revenue 2025
$1486.2bn
Growth 2025
1.32%
Key Trends
Boosted construction activity is one of the few bright spots for the industry
Rental and leasing services had a diminished downstream market during the COVID-19 pandemic
Rising corporate profit and other business activity will strengthen the rental and leasing subsector
Products and Services
NAICS Hierarchy 53 - Real Estate and Rental and Leasing
NAICS Code 53 - Real Estate and Rental and Leasing sits in the 2-digit Real Estate and Rental and Leasing sector. NAICS codes can be 2- to 6-digits and the further along the hierarchy, the more detailed and specific the category will be. Learn more about the structure of NAICS codes
2 Digits: 53
Sector Title: Real Estate and Rental and Leasing
3 Digits 4 Digits 5 Digits 6 Digits
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5311 Lessors of Real Estate
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53111 Lessors of Residential Buildings and Dwellings
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53112 Lessors of Nonresidential Buildings (except Miniwarehouses
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53113 Lessors of Miniwarehouses and Self-Storage Units
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53119 Lessors of Other Real Estate Property
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5312 Offices of Real Estate Agents and Brokers
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53121 Offices of Real Estate Agents and Brokers
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5313 Activities Related to Real Estate
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53131 Real Estate Property Managers
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53132 Offices of Real Estate Appraisers
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53139 Other Activities Related to Real Estate
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5321 Automotive Equipment Rental and Leasing
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53211 Passenger Car Rental and Leasing
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53212 Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing
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5322 Consumer Goods Rental
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53221 Consumer Electronics and Appliances Rental
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53228 Other Consumer Goods Rental
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5323 General Rental Centers
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53231 General Rental Centers
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5324 Commercial and Industrial Machinery and Equipment Rental and Leasing
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53241 Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing
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53242 Office Machinery and Equipment Rental and Leasing
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53249 Other Commercial and Industrial Machinery and Equipment Rental and Leasing
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5331 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works
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53311 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works
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NAICS Resources
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