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Real Estate & Property Management

Industry Overview
The Real Estate & Property Management sector comprises establishments that rent, lease, or otherwise allow the use of their own assets by others.
 
These assets may be tangible, as is the case of real estate and equipment, or intangible, as is the case with patents and trademarks. The Real Estate & Property Management sector includes establishments primarily engaged in:
 
  • Lessors of Real Estate - renting, leasing, or otherwise allowing the use of tangible or intangible assets such as residential buildings, non-residential buildings, warehouses, self- storage operations. Including equity real estate investment trusts (REIT’s)
  • Offices of Real Estate Agents and Brokers
  • Activities Related to Real Estate – property managers (residential/non-residential), real estate appraisers, mobile home, and establishments providing related services
  • Equipment Lessor Industry - automotive (cars, trucks, RV’s), consumer goods ( computers electronics, video, formal wear), general rental services, commercial & industrial machinery
  • Lessor of Non-Financial Intangible Assets (except copyrighted works)

Source: U.S. Department of Labor, Bureau of Labor Statistics

NAICS Code

53 - Real Estate and Rental and Leasing Sector. The real estate and rental and leasing sector consists of 3 subsectors.
531 - Real Estate
532 - Rental and Leasing Services
533 - Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)

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UNEMPLOYMENT RATES

Bureau of Labor Statistics

02/22/2012

National

8.30%

Denver

8.10%

Colorado

8.00%

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