Analysis
NAICS 53119 is the 2022 NAICS industry for lessors of other real estate property, part of 5311 (Lessors of Real Estate).
It has only one more detailed code, 531190, which covers exactly the same activities; the definition, index entries and statistics are on that page.
County Business Patterns counts 8,957 US establishments in this code in 2023, employing 34,296 people at an average annual payroll of $62,547 per employee (38th percentile of national industries). 81% of the establishments have fewer than five employees, which marks it as a small-business industry.
By establishments it ranks 4th of the 4 codes at this level within Lessors of Real Estate, with 6.6% of them.
Between 2018 and 2023 the number of establishments grew 1% and employment rose 6%. 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.
Official definition
See industry description for 531190.
Source: US Census Bureau, NAICS 2022 Manual.