Industries in the Real Estate subsector group establishments that are primarily engaged in renting or leasing real estate to others; managing real estate for others; selling, buying, or renting real estate for others; and providing other real estate related services, such as appraisal services. Establishments primarily engaged in subdividing and developing unimproved real estate and constructing buildings for sale are classified in Subsector, Construction of Buildings.

     Establishments primarily engaged in subdividing and improving raw land for subsequent sale to builders are classified in Subsector, Heavy and Civil Engineering Construction.

     Real Estate Investment Trusts (REITS) are classified in Subsector, Funds, Trusts, and Other Financial Vehicles, because they are considered investment vehicles.

Lessors of Real Estate

Lessors of Residential Buildings and Dwellings

     This industry comprises establishments primarily engaged in acting as lessors of buildings used as residences or dwellings, such as single-family homes, apartment buildings, and town homes. Included in this industry are owner-lessors and establishments renting real estate and then acting as lessors in subleasing it to others. The establishments in this industry may manage the property themselves or have another establishment manage it for them. Establishments primarily engaged in managing residential real estate for others are classified in U.S. Industry, Residential Property Managers.

Lessors of Nonresidential Buildings (except Miniwarehouses)

     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. Acting as lessors of buildings used as residences or dwellings--are classified in Industry, Lessors of Residential Buildings and Dwellings; Renting or leasing space for self-storage--are classified in Industry, Lessors of Miniwarehouses and Self-Storage Units; Managing nonresidential real estate for others--are classified in U.S. Industry, 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 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, 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, General Warehousing and Storage.

Lessors of Miniwarehouses and Self-Storage Units

     This industry comprises establishments primarily engaged in renting or leasing space for self- storage. These establishments provide secure space (i.e., rooms, compartments, lockers, containers, or outdoor space) where clients can store and retrieve their goods. Operating public and contract general merchandise warehousing and storage facilities--are classified in Industry, General Warehousing and Storage; and Operating coin-operated lockers--are classified in Industry, All Other Personal Services.

Lessors of Other Real Estate Property

     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. Acting as lessors of buildings used as residences or dwellings including manufactured (mobile) homes on-site--are classified in Industry, 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--are classified in Industry, Lessors of Nonresidential Buildings (except Miniwarehouses); and Renting or leasing space for self-storage--are classified in Industry, Lessors of Miniwarehouses and Self-Storage Units.

Offices of Real Estate Agents and Brokers

     This industry comprises establishments primarily engaged in acting as agents and/or brokers in one or more of the following: (1) selling real estate for others; (2) buying real estate for others; and (3) renting real estate for others.

Activities Related to Real Estate

     This industry group comprises establishments primarily engaged in providing real estate services (except lessors of real estate and offices of real estate agents and brokers). Included in this industry group are establishments primarily engaged in activities, such as managing real estate for others and appraising real estate.

Real Estate Property Managers

     This industry comprises establishments primarily engaged in managing real property for others. Management includes ensuring that various activities associated with the overall operation of the property are performed, such as collecting rents, and overseeing other services (e.g., maintenance, security, trash removal.) Establishments primarily engaged in acting as lessors of real estate are classified in Industry Group, Lessors of Real Estate; and Establishments formed on behalf of individual condominium owners or homeowners are classified in Industry Group, Other Similar Organizations (except Business, Professional, Labor, and Political Organizations).

Residential Property Managers

     This U.S. industry comprises establishments primarily engaged in managing residential real estate for others. Establishments primarily engaged in managing nonresidential real estate for others are classified in U.S. Industry Group, Nonresidential Property Managers; Establishments primarily engaged in acting as lessors of buildings used as residences or dwellings are classified in Industry Group, Lessors of Residential Buildings and Dwellings; and Establishments formed on behalf of individual residential condominium owners or homeowners are classified in Industry Group, Other Similar Organizations (except Business, Professional, Labor, and Political Organizations).

Nonresidential Property Managers

     This U.S. industry comprises establishments primarily engaged in managing nonresidential real estate for others. Establishments primarily engaged in managing residential real estate for others are classified in U.S. Industry Group, Residential Property Managers; Establishments primarily engaged in acting as lessors of buildings (except miniwarehouses and self storage units) that are not used as residences or dwellings are classified in Industry Group, Lessors of Nonresidential Buildings (except Miniwarehouses); Establishments primarily engaged in renting or leasing space for self-storage are classified in Industry Group, Lessors of Miniwarehouses and Self-Storage Units; and Establishments formed on behalf of individual nonresidential condominium owners are classified in Industry Group, Other Similar Organizations (except Business, Professional, Labor, and Political Organizations).

Offices of Real Estate Appraisers

     This industry comprises establishments primarily engaged in estimating the fair market value of real estate.

Other Activities Related to Real Estate

     This industry comprises establishments primarily engaged in performing real estate related services (except lessors of real estate, offices of real estate agents and brokers, real estate property managers, and offices of real estate appraisers). Acting as lessors of real estate--are classified in Industry Group, Lessors of Real Estate; Selling, buying, and/or renting real estate for others--are classified in Industry Group, Offices of Real Estate Agents and Brokers; Managing real estate for others--are classified in Industry Group Real Estate Property Managers; Estimating fair market value of real estate--are classified in Industry Group, Offices of Real Estate Appraisers; and Researching public land records for ownership of titles and/or conveying real estate titles--are classified in U.S. Industry Group, Title Abstract and Settlement Offices.