5311

Analysis

NAICS 5311 is the 2022 industry group for lessors of real estate, part of 531 (Real Estate). Census lists 87 example activities under it in the official index.

County Business Patterns counts 136,539 US establishments in this code in 2023, employing 605,793 people at an average annual payroll of $62,849 per employee (39th percentile of national industries). 78% of the establishments have fewer than five employees, which marks it as a small-business industry.

Across its national industries Census lists 87 index entries; typical ones are apartment building rental or leasing, amusement facility rental or leasing, equity real estate investment trusts (REITs), primarily… and agricultural property rental or leasing.

It splits into 4 more detailed codes. The largest by establishments is 53111 (Lessors of Residential Buildings and Dwellings) with 74,459.

Its more detailed codes are 53111 Lessors of Residential Buildings and Dwellings (74,459 establishments), 53112 Lessors of Nonresidential Buildings (except Miniwarehouses) (34,559 establishments), 53113 Lessors of Miniwarehouses and Self-Storage Units (18,564 establishments) and 53119 Lessors of Other Real Estate Property (8,957 establishments).

Between 2018 and 2023 the number of establishments grew 4% and employment rose 1%. The 2018 count used NAICS 2017, so part of a large move can come from codes being redefined rather than from businesses opening or closing.