NAICS 53
What is the NAICS code 53?
The NAICS code 53 is applied to those industries related to Real Estate and Rental and Leasing.
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. Also excluded from this sector are mortgage REITs and establishments primarily engaged in managing the financial portfolio assets of REITs on a fee or commission basis. These establishments are classified in Sector 52, Finance and Insurance.
Therefore, all companies engaged in any industrial activity related to this type of business are grouped under category 53 in the North American Industry Classification System.
This industrial activity of NAICS code is structured as follows:
Characteristics of the North American Industry Classification System code 53
NAFTA
This NAICS code is used in the trilateral agreement of the three members of the North American Free Trade Agreement (NAFTA): United States, Canada, and Mexico.
Related codes
There are no cross-reference for the NAICS industry 53.
Related activities
There is no Alternate NAICS Descriptions for the Real Estate and Rental and Leasing industry (NAICS Code 53).
