Analysis
NAICS 531190 is the 2022 national industry for lessors of other real estate property, part of 53119 (Lessors of Other Real Estate Property). Census lists 19 example activities under it in the official index.
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.
Census lists 7 related activities that belong elsewhere, most often in 531110, 531120, 531130 and 4931. Businesses that do several things are classified by their primary activity, the one that generates the most value, so check those boundaries before settling on this code.
Its index entries, the activities Census uses to assign businesses to this code, include agricultural property rental or leasing, airport leasing, not operating airport, rental or leasing, equity real estate investment trusts (REITs), primarily… and farmland rental or leasing, among 19 in all.
For example, acting as lessors of buildings used as residences or dwellings, including on-site manufactured (mobile) homes are classified in 531110 (Lessors of Residential Buildings and Dwellings) instead.
Official definition
This industry comprises establishments primarily engaged in acting as lessors of real estate (except buildings), such as manufactured home (i.e., mobile home) sites, vacant lots, and grazing land.
Source: US Census Bureau, NAICS 2022 Manual.
Not this code if…
| The business mainly does | Use instead |
|---|---|
| Acting as lessors of buildings used as residences or dwellings, including on-site manufactured (mobile) homes | 531110 Lessors of Residential Buildings and Dwellings |
| Acting as lessors of buildings (except miniwarehouses and self-storage units) that are not used as residences or dwellings | 531120 Lessors of Nonresidential Buildings (except Miniwarehouses) |
| Renting or leasing space for self-storage | 531130 Lessors of Miniwarehouses and Self-Storage Units |
| Operating public and contract warehousing and storage facilities (except self-storage) | 4931 Warehousing and Storage |
| Providing colocation services (i.e., rental of server and networking space in data centers) | 518210 Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services |
| Operating docking and/or storage facilities for pleasure craft owners | 713930 Marinas |
| Providing parking space for motor vehicles | 812930 Parking Lots and Garages |
Index entries (19)
- Agricultural property rental or leasing
- Airport leasing, not operating airport, rental or leasing
- Equity real estate investment trusts (REITs), primarily leasing real estate (except residential buildings and dwellings, nonresidential buildings, miniwarehouses, and self-storage units)
- Farmland rental or leasing
- Flea market space (except under roof) rental or leasing
- Forest land rental or leasing
- Grazing land rental or leasing
- Land rental or leasing
- Manufactured (mobile) home parks
- Manufactured (mobile) home sites rental or leasing
- Mining property leasing
- Mobile (manufactured) home parks
- Mobile (manufactured) home sites rental or leasing
- Railroad right of way leasing
- Real estate (except building) rental or leasing
- Residential trailer parks
- Trailer park or court, residential
- Vacant lot rental or leasing
- Vacation and recreation land rental or leasing