The largest portion of the Rental, Leasing and Real Estate 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 with 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 for others.
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.
LARG Industry Reports
Los Angeles Research Group provides eight industry reports detailing the Rental, Leasing and Real Estate sector. Each report contains detailed information on output, employment, enterprises, establishments, assets, liabilities and profitability. LARG’s industry reports also provide in-depth information on market share concentrations, business structure (e.g., corporations, sole-proprietorships, partnerships), key economic indicators, supply chain data, debt ratios and new entrant trends, including survivor rates (i.e., percentage of new businesses that last longer than five years).
In addition to LARG’s standardized report information, LARG’s industry reports in the Rental, Leasing and Real Estate sector also provide specialized statistics, including detailed information on construction expenditures, housing structures, outsourcing activities and brokerage commissions. For more information on a particular industry, please click on the appropriate industry below.
Rental, Leasing & Real Estate
The Rental, Leasing and Real Estate sector comprises establishments primarily engaged in renting, leasing or otherwise allowing the use of tangible or intangible assets. This sector also includes firms that specialize in real estate related activities, such as property management, appraisal and sales.