This U.S. Census Bureau NAICS-based industry comprises establishments primarily engaged in leasing or renting other real property, not elsewhere classified. This is primarily leasing of land, though some incidental buildings may be on the property. These establishments may rent space and then act as lessors in subleasing to others.

Cross-References. Establishments primarily engaged in--

Acting as lessors of buildings used as residences or dwellings, including mobile homes on-site--are classified in 531110, Lessors of Residential Buildings and Dwellings;

Owning real estate and operating the business at the location is classified according to the activity of the business they operate--are classified in, Sector 53--Real Estate and Rental and Leasing;

Renting or leasing space for self-storage--are classified in Industry 531130, Lessors of Miniwarehouses and Self-Storage Units; and

Acting as lessors of buildings (except miniwarehouses and self-storage units) that are not used as residences or dwellings--are classified in 531120, Lessors of Nonresidential Buildings (except Miniwarehouses).

For the 2007 Economic Census and the 2007 Survey of Business Owners, real estate investment trusts (REITS) are included in Industry Group 5311, Lessors of Real Estate, based on primary type of real estate property leased. However, for the 2002 Economic Census and the 2002 Survey of Business Owners, the equity REITs were classified in Subsector 525, Funds, Trusts, and Other Financial Vehicles.