NAICS Sector 53

Sector 53

NAICS Sector 53: Real Estate and Rental and Leasing

Definition of NAICS Sector 53: 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.

NAICS 53This 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.

Two Digit Sector 53 Breakdown for the North American Industry Classification System

NAICS codes are broken down by digit. The broadest description starts with the 2 digit sector codes. The 3 digit subsector codes are more specific, then the 4 digit industry group, 5 digit industry, and the most specific is the 6 digit NAICS code. If NAICS Sector 53 does not describe the industry of the business in question, then select the largest applicable code below. From there, follow the progression of smaller digits to the larger digits in order to obtain the most specific 6 digit classification.

  • Sector 53: Real Estate and Rental and Leasing
    • Subsector 531: Real Estate
      • Industry Group 5311: Lessors of Real Estate
        • Industry 53111: Lessors of Residential Buildings and Dwellings
          • 6 Digit Code(s) NAICS 531110: Lessors of Residential Buildings and Dwellings
        • Industry 53112: Lessors of Nonresidential Buildings (except Miniwarehouses)
          • 6 Digit Code(s) NAICS 531120: Lessors of Nonresidential Buildings (except Miniwarehouses)
        • Industry 53113: Lessors of Miniwarehouses and Self-Storage Units
          • 6 Digit Code(s) NAICS 531130: Lessors of Miniwarehouses and Self-Storage Units
        • Industry 53119: Lessors of Other Real Estate Property
          • 6 Digit Code(s) NAICS 531190: Lessors of Other Real Estate Property
      • Industry Group 5312: Offices of Real Estate Agents and Brokers
        • Industry 53121: Offices of Real Estate Agents and Brokers
          • 6 Digit Code(s) NAICS 531210: Offices of Real Estate Agents and Brokers
      • Industry Group 5313: Activities Related to Real Estate
        • Industry 53131: Real Estate Property Managers
          • 6 Digit Code(s) NAICS 531311: Residential Property Managers
          • 6 Digit Code(s) NAICS 531312: Nonresidential Property Managers
        • Industry 53132: Offices of Real Estate Appraisers
          • 6 Digit Code(s) NAICS 531320: Offices of Real Estate Appraisers
        • Industry 53139: Other Activities Related to Real Estate
          • 6 Digit Code(s) NAICS 531390: Other Activities Related to Real Estate
    • Subsector 532: Rental and Leasing Services
      • Industry Group 5321: Automotive Equipment Rental and Leasing
        • Industry 53211: Passenger Car Rental and Leasing
          • 6 Digit Code(s) NAICS 532111: Passenger Car Rental
          • 6 Digit Code(s) NAICS 532112: Passenger Car Leasing
        • Industry 53212: Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing
          • 6 Digit Code(s) NAICS 532120: Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing
      • Industry Group 5322: Consumer Goods Rental
        • Industry 53221: Consumer Electronics and Appliances Rental
          • 6 Digit Code(s) NAICS 532210: Consumer Electronics and Appliances Rental
        • Industry 53222: Formal Wear and Costume Rental
          • 6 Digit Code(s) NAICS 532220: Formal Wear and Costume Rental
        • Industry 53223: Video Tape and Disc Rental
          • 6 Digit Code(s) NAICS 532230: Video Tape and Disc Rental
        • Industry 53229: Other Consumer Goods Rental
          • 6 Digit Code(s) NAICS 532291: Home Health Equipment Rental
          • 6 Digit Code(s) NAICS 532292: Recreational Goods Rental
          • 6 Digit Code(s) NAICS 532299: All Other Consumer Goods Rental
      • Industry Group 5323: General Rental Centers
        • Industry 53231: General Rental Centers
          • 6 Digit Code(s) NAICS 532310: General Rental Centers
      • Industry Group 5324: Commercial and Industrial Machinery and Equipment Rental and Leasing
        • Industry 53241: Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing
          • 6 Digit Code(s) NAICS 532411: Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing
          • 6 Digit Code(s) NAICS 532412: Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing
        • Industry 53242: Office Machinery and Equipment Rental and Leasing
          • 6 Digit Code(s) NAICS 532420: Office Machinery and Equipment Rental and Leasing
        • Industry 53249: Other Commercial and Industrial Machinery and Equipment Rental and Leasing
          • 6 Digit Code(s) NAICS 532490: Other Commercial and Industrial Machinery and Equipment Rental and Leasing
    • Subsector 533: Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)
      • Industry Group 5331: Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)
        • Industry 53311: Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)
          • 6 Digit Code(s) NAICS 533110: Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)

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NAICS Sector 53