This industry comprises establishments primarily engaged in acting as lessors of buildings (except miniwarehouses and self-storage units) that are not used as residences or dwellings. Included in this industry are: (1) owner-lessors of nonresidential buildings; (2) establishments renting real estate and then acting as lessors in subleasing it to others; and (3) establishments providing full service office space, whether on a lease or service contract basis. The establishments in this industry may manage the property themselves or have another establishment manage it for them.

Cross-References. Establishments primarily engaged in--

• Acting as lessors of buildings used as residences or dwellings--are classified in Industry 531110, Lessors of Residential Buildings and Dwellings;
• Renting or leasing space for self-storage--are classified in Industry 531130, Lessors of Miniwarehouses and Self-Storage Units;
• Managing nonresidential real estate f or others--are classified inU.S. Industry 531312, Nonresidential Property Managers;
• Providing a range of office support services, such as mailbox rental, other postal and mailing (except direct mail advertising) services, document copying services, facsimile services, word processing services or on-site personal computer rental, that are not providing office space--are classified in Industry 56143, Business Service Centers;
• Managing and operating arenas, stadiums, theaters, or other related facilities and promoting and organizing performing arts productions, sports events, and similar events at those facilities--are classified in Industry 711310, Promoters of Performing Arts, Sports, and Similar Events with Facilities; and
• Operating public and contract general merchandise warehousing and storage facilities--are classified in Industry 493110, General Warehousing and Storage.

For the 2007 Economic Census and the 2007 Survey of Business Owners, real estate investment trusts (REITS) are included in Industryroup 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.