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NAICS Code 53 Real Estate and Rental and Leasing

The NAICS Code 53 is described as
Real Estate and Rental and Leasing
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 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.

(2009-03-27)

It belongs to the code group
NAICS code

To this Code "53" belongs the sub codes
  • NAICS Code 531: Real Estate
    (Real Estate)
  • NAICS Code 532: Rental and Leasing Services
    (Rental and Leasing Services)
  • NAICS Code 533: Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)


The equivalent ISIC Code (Rev. 3.1) is
K: Real estate, renting and business activities
  Immobilier, locations et activités de services aux entreprises

The nearest NACE Code (Rev. 1.1) is
K: Grundstücks- und Wohnungswesen, Vermietung beweglicher Sachen, Erbringung von unternehmensbezogenen Dienstleistungen
K: Real estate, renting and business activities

The equivalent CPC Code (Rev. 1.1) is
xxxx: No Code defined

Translation of the Code description
53: Real Estate and Rental and Leasing
(2009-03-27)

Alternative Spellings (synonyms): realen, realer
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