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Size of the US Lessors of Real Estate industry

NAICS 5311, Lessors of Real Estate. Every figure on this page was published by a federal statistical agency and carries its source and period. Palanor does not estimate: a period the agency didn’t publish shows as missing, and a figure it withheld shows as withheld.

Key figures

Receipts (sales, shipments or revenue)
$350 billion
2022 · Economic Census
All establishments, current dollars
Revenue, not seasonally adjusted
$116 billion
2026-Q2 · Quarterly Services Survey
Employer firms, current dollars
Employment
621,364
2026-Q1 · Quarterly Census of Employment and Wages
Private-sector jobs in the third month of each quarter
Establishments
123,583
2026-Q1 · Quarterly Census of Employment and Wages
Private ownership
Firms
104,669
2022 · Economic Census
Annual payroll
$38.1 billion
2023 · County Business Patterns

Over time

Revenue, seasonally adjusted · Quarterly Services SurveyLatest $115 billion · 2026-Q2
2012-Q3: $49.4 billion2012-Q4: $50.1 billion2013-Q1: $50.0 billion2013-Q2: $51.9 billion2013-Q3: $52.6 billion2013-Q4: $52.7 billion2014-Q1: $54.8 billion2014-Q2: $54.6 billion2014-Q3: $55.9 billion2014-Q4: $56.1 billion2015-Q1: $56.3 billion2015-Q2: $59.5 billion2015-Q3: $59.2 billion2015-Q4: $61.0 billion2016-Q1: $61.6 billion2016-Q2: $61.1 billion2016-Q3: $61.8 billion2016-Q4: $62.8 billion2017-Q1: $64.2 billion2017-Q2: $64.4 billion2017-Q3: $64.7 billion2017-Q4: $66.0 billion2018-Q1: $66.5 billion2018-Q2: $66.2 billion2018-Q3: $68.3 billion2018-Q4: $68.5 billion2019-Q1: $69.5 billion2019-Q2: $70.1 billion2019-Q3: $72.2 billion2019-Q4: $73.6 billion2020-Q1: $74.0 billion2020-Q2: $66.2 billion2020-Q3: $69.4 billion2020-Q4: $68.9 billion2021-Q1: $69.1 billion2021-Q2: $72.4 billion2021-Q3: $75.0 billion2021-Q4: $79.5 billion2022-Q1: $80.6 billion2022-Q2: $83.7 billion2022-Q3: $86.7 billion2022-Q4: $87.6 billion2023-Q1: $92.6 billion2023-Q2: $94.4 billion2023-Q3: $95.6 billion2023-Q4: $98.8 billion2024-Q1: $101 billion2024-Q2: $104 billion2024-Q3: $104 billion2024-Q4: $106 billion2025-Q1: $108 billion2025-Q2: $108 billion2025-Q3: $111 billion2025-Q4: $111 billion2026-Q1: $112 billion2026-Q2: $115 billion
Show the numbers
PeriodValue
2026-Q2$115 billion
2026-Q1$112 billion
2025-Q4$111 billion
2025-Q3$111 billion
2025-Q2$108 billion
2025-Q1$108 billion
2024-Q4$106 billion
2024-Q3$104 billion
2024-Q2$104 billion
2024-Q1$101 billion
2023-Q4$98.8 billion
2023-Q3$95.6 billion
2023-Q2$94.4 billion
2023-Q1$92.6 billion
2022-Q4$87.6 billion
2022-Q3$86.7 billion
2022-Q2$83.7 billion
2022-Q1$80.6 billion
2021-Q4$79.5 billion
2021-Q3$75.0 billion
2021-Q2$72.4 billion
2021-Q1$69.1 billion
2020-Q4$68.9 billion
2020-Q3$69.4 billion
2020-Q2$66.2 billion
2020-Q1$74.0 billion
2019-Q4$73.6 billion
2019-Q3$72.2 billion
2019-Q2$70.1 billion
2019-Q1$69.5 billion
2018-Q4$68.5 billion
2018-Q3$68.3 billion
2018-Q2$66.2 billion
2018-Q1$66.5 billion
2017-Q4$66.0 billion
2017-Q3$64.7 billion
2017-Q2$64.4 billion
2017-Q1$64.2 billion
2016-Q4$62.8 billion
2016-Q3$61.8 billion
2016-Q2$61.1 billion
2016-Q1$61.6 billion
2015-Q4$61.0 billion
2015-Q3$59.2 billion
2015-Q2$59.5 billion
2015-Q1$56.3 billion
2014-Q4$56.1 billion
2014-Q3$55.9 billion
2014-Q2$54.6 billion
2014-Q1$54.8 billion
2013-Q4$52.7 billion
2013-Q3$52.6 billion
2013-Q2$51.9 billion
2013-Q1$50.0 billion
2012-Q4$50.1 billion
2012-Q3$49.4 billion

Source: U.S. Census Bureau, Quarterly Services Survey · Employer firms, current dollars · Agency label: Lessors Of Real Estate

Employment · Quarterly Census of Employment and WagesLatest 621,364 · 2026-Q1
2019-Q1: 606,4092019-Q2: 621,7552019-Q3: 618,0772019-Q4: 621,4342020-Q1: 612,9072020-Q2: 582,0362020-Q3: 585,0392020-Q4: 589,4772021-Q1: 584,5622021-Q2: 597,8092021-Q3: 597,7402021-Q4: 608,9062022-Q1: 601,2102022-Q2: 619,3992022-Q3: 620,3512022-Q4: 623,1282023-Q1: 618,7552023-Q2: 633,8232023-Q3: 630,2172023-Q4: 630,0122024-Q1: 624,5272024-Q2: 642,1872024-Q3: 636,2112024-Q4: 637,9222025-Q1: 627,7182025-Q2: 639,0512025-Q3: 630,9762025-Q4: 634,5712026-Q1: 621,364NAICS 2022 from 2022-Q1
Show the numbers
PeriodValueNAICS
2026-Q1621,3642022
2025-Q4634,5712022
2025-Q3630,9762022
2025-Q2639,0512022
2025-Q1627,7182022
2024-Q4637,9222022
2024-Q3636,2112022
2024-Q2642,1872022
2024-Q1624,5272022
2023-Q4630,0122022
2023-Q3630,2172022
2023-Q2633,8232022
2023-Q1618,7552022
2022-Q4623,1282022
2022-Q3620,3512022
2022-Q2619,3992022
2022-Q1601,2102022
2021-Q4608,9062017
2021-Q3597,7402017
2021-Q2597,8092017
2021-Q1584,5622017
2020-Q4589,4772017
2020-Q3585,0392017
2020-Q2582,0362017
2020-Q1612,9072017
2019-Q4621,4342017
2019-Q3618,0772017
2019-Q2621,7552017
2019-Q1606,4092017

Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages · Private-sector jobs in the third month of each quarter

Employment · County Business PatternsLatest 605,793 · 2023
2017: 587,3812018: 598,3432019: 604,1812020: 607,9882021: 579,7392022: 600,7282023: 605,793
Show the numbers
PeriodValue
2023605,793
2022600,728
2021579,739
2020607,988
2019604,181
2018598,343
2017587,381

Source: U.S. Census Bureau, County Business Patterns · Paid employees in the pay period including March 12

Establishments · Quarterly Census of Employment and WagesLatest 123,583 · 2026-Q1
2019-Q1: 112,1182019-Q2: 112,5912019-Q3: 113,2612019-Q4: 113,9882020-Q1: 114,0902020-Q2: 114,3522020-Q3: 115,2092020-Q4: 116,0502021-Q1: 115,9932021-Q2: 116,6922021-Q3: 117,3052021-Q4: 118,4052022-Q1: 118,8552022-Q2: 118,9682022-Q3: 119,8832022-Q4: 120,6152023-Q1: 120,5162023-Q2: 120,5412023-Q3: 122,4902023-Q4: 122,8922024-Q1: 122,0662024-Q2: 122,8802024-Q3: 122,9822024-Q4: 123,0672025-Q1: 122,1632025-Q2: 122,1342025-Q3: 122,4132025-Q4: 123,1822026-Q1: 123,583NAICS 2022 from 2022-Q1
Show the numbers
PeriodValueNAICS
2026-Q1123,5832022
2025-Q4123,1822022
2025-Q3122,4132022
2025-Q2122,1342022
2025-Q1122,1632022
2024-Q4123,0672022
2024-Q3122,9822022
2024-Q2122,8802022
2024-Q1122,0662022
2023-Q4122,8922022
2023-Q3122,4902022
2023-Q2120,5412022
2023-Q1120,5162022
2022-Q4120,6152022
2022-Q3119,8832022
2022-Q2118,9682022
2022-Q1118,8552022
2021-Q4118,4052017
2021-Q3117,3052017
2021-Q2116,6922017
2021-Q1115,9932017
2020-Q4116,0502017
2020-Q3115,2092017
2020-Q2114,3522017
2020-Q1114,0902017
2019-Q4113,9882017
2019-Q3113,2612017
2019-Q2112,5912017
2019-Q1112,1182017

Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages · Private ownership

Establishments · County Business PatternsLatest 136,539 · 2023
2017: 129,9372018: 130,9302019: 131,4622020: 132,4112021: 136,4432022: 136,4102023: 136,539
Show the numbers
PeriodValue
2023136,539
2022136,410
2021136,443
2020132,411
2019131,462
2018130,930
2017129,937

Source: U.S. Census Bureau, County Business Patterns

Total wages in the quarter · Quarterly Census of Employment and WagesLatest $14.1 billion · 2026-Q1
2019-Q1: $9.7 billion2019-Q2: $8.0 billion2019-Q3: $8.1 billion2019-Q4: $9.5 billion2020-Q1: $10.4 billion2020-Q2: $7.9 billion2020-Q3: $8.1 billion2020-Q4: $9.8 billion2021-Q1: $9.9 billion2021-Q2: $8.5 billion2021-Q3: $9.1 billion2021-Q4: $11.0 billion2022-Q1: $11.7 billion2022-Q2: $9.5 billion2022-Q3: $10.2 billion2022-Q4: $11.2 billion2023-Q1: $12.7 billion2023-Q2: $10.0 billion2023-Q3: $10.2 billion2023-Q4: $11.6 billion2024-Q1: $13.2 billion2024-Q2: $10.6 billion2024-Q3: $10.7 billion2024-Q4: $12.2 billion2025-Q1: $13.8 billion2025-Q2: $11.1 billion2025-Q3: $11.1 billion2025-Q4: $12.8 billion2026-Q1: $14.1 billionNAICS 2022 from 2022-Q1
Show the numbers
PeriodValueNAICS
2026-Q1$14.1 billion2022
2025-Q4$12.8 billion2022
2025-Q3$11.1 billion2022
2025-Q2$11.1 billion2022
2025-Q1$13.8 billion2022
2024-Q4$12.2 billion2022
2024-Q3$10.7 billion2022
2024-Q2$10.6 billion2022
2024-Q1$13.2 billion2022
2023-Q4$11.6 billion2022
2023-Q3$10.2 billion2022
2023-Q2$10.0 billion2022
2023-Q1$12.7 billion2022
2022-Q4$11.2 billion2022
2022-Q3$10.2 billion2022
2022-Q2$9.5 billion2022
2022-Q1$11.7 billion2022
2021-Q4$11.0 billion2017
2021-Q3$9.1 billion2017
2021-Q2$8.5 billion2017
2021-Q1$9.9 billion2017
2020-Q4$9.8 billion2017
2020-Q3$8.1 billion2017
2020-Q2$7.9 billion2017
2020-Q1$10.4 billion2017
2019-Q4$9.5 billion2017
2019-Q3$8.1 billion2017
2019-Q2$8.0 billion2017
2019-Q1$9.7 billion2017

Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages · Private ownership

Annual payroll · County Business PatternsLatest $38.1 billion · 2023
2017: $28.1 billion2018: $29.6 billion2019: $31.6 billion2020: $31.5 billion2021: $33.6 billion2022: $36.4 billion2023: $38.1 billion
Show the numbers
PeriodValue
2023$38.1 billion
2022$36.4 billion
2021$33.6 billion
2020$31.5 billion
2019$31.6 billion
2018$29.6 billion
2017$28.1 billion

Source: U.S. Census Bureau, County Business Patterns

The ledger

Every published measure

MeasureSourceLatestPeriodHistory
EmploymentPrivate-sector jobs in the third month of each quarterQuarterly Census of Employment and Wages621,3642026-Q12019-Q1–2026-Q1 · 29 published
EstablishmentsPrivate ownershipQuarterly Census of Employment and Wages123,5832026-Q12019-Q1–2026-Q1 · 29 published
Total wages in the quarterPrivate ownershipQuarterly Census of Employment and Wages$14.1 billion2026-Q12019-Q1–2026-Q1 · 29 published
Annual payrollCounty Business Patterns$38.1 billion20232017–2023 · 7 published
EmploymentPaid employees in the pay period including March 12County Business Patterns605,79320232017–2023 · 7 published
EstablishmentsCounty Business Patterns136,53920232017–2023 · 7 published
Annual payrollEconomic Census$35.9 billion20222017–2022 · 2 published
EmploymentPaid employees in the pay period including March 12Economic Census686,78620222017–2022 · 2 published
EstablishmentsEconomic Census141,02820222017–2022 · 2 published
FirmsEconomic Census104,66920222017–2022 · 2 published
Receipts (sales, shipments or revenue)All establishments, current dollarsEconomic Census$350 billion20222017–2022 · 2 published
Revenue, not seasonally adjustedEmployer firms, current dollarsQuarterly Services Survey$116 billion2026-Q22012-Q3–2026-Q2 · 56 published
Revenue, seasonally adjustedEmployer firms, current dollarsQuarterly Services Survey$115 billion2026-Q22012-Q3–2026-Q2 · 56 published

Breakdown

Industries within Lessors of Real Estate

NAICSIndustrySizeEmployment
53111Lessors of Residential Buildings and Dwellings$162 billionReceipts · 2022 · Economic Census366,1182026-Q1 · QCEW
53112Lessors of Nonresidential Buildings (except Miniwarehouses)$155 billionReceipts · 2022 · Economic Census153,8832026-Q1 · QCEW
53113Lessors of Miniwarehouses and Self-Storage Units$20.6 billionReceipts · 2022 · Economic Census59,6672026-Q1 · QCEW
53119Lessors of Other Real Estate Property$11.7 billionReceipts · 2022 · Economic Census41,6962026-Q1 · QCEW

Companies

Public companies in this industry

Companies Palanor tracks whose GICS classification maps to NAICS 5311. The mapping is Palanor’s, one GICS sub-industry to one NAICS code; a company’s own mix of business can span several.

  • AMT American Tower
  • EPR EPR Properties
  • IRM Iron Mountain
  • LAMR Lamar Advertising

Sources

Where every number comes from

Figures are in current dollars and are the agencies’ own, revised when they revise. Each program defines its universe differently (employer firms, private ownership, all establishments), so figures from different sources are not meant to add up. This page is not endorsed by the Census Bureau, BEA or BLS. The same data is in the Palanor API (/v1/industries) and the MCP (palanor_get_industry). All industries.