North American Industry Classification System (NAICS) 2002
53 - Real Estate and Rental and Leasing
This sector comprises establishments primarily engaged in renting, leasing or otherwise allowing the use of tangible or intangible assets. Establishments primarily engaged in managing real estate for others; selling, renting and/or buying of real estate for others; and appraising real estate, are also included.
532 - Rental and Leasing Services
This subsector comprises establishments primarily engaged in renting or leasing tangible goods, such as automobiles, computers, consumer goods, and industrial machinery and equipment, to customers in return for a periodic payment.
The subsector includes two main types of establishments:
* those that are engaged in renting consumer goods and equipment; and
* those that are engaged in leasing machinery and equipment of the kind often used for business operations.
The first type typically operates from a retail-like or store-front facility and maintains inventories of goods that are rented for short periods of time.
The latter type typically does not operate from retail-like locations or maintain inventories, and offers longer-term leases. These establishments work directly with clients by providing or arranging financing to enable them to acquire the use of equipment on a lease basis; or they work with equipment vendors or dealers to support the marketing of equipment to their customers under lease arrangements. Equipment lessors generally structure lease contracts to meet the specialized needs of their clients and use their remarketing expertise to find other users for previously leased equipment. Establishments that provide operating and financial leases are included in this subsector.
Exclusion(s):
Establishments primarily engaged in:
- renting or leasing intangibles or intellectual property (see 51 Information and Cultural Industries or 533 Lessors of Non-Financial Intangible Assets (Except Copyrighted Works) or 54 Professional, Scientific and Technical Services or 71 Arts, Entertainment and Recreation)
- leasing and providing loans to buyers of goods and equipment, or to vendors and dealers to finance their inventories (See 52222 Sales Financing)
- leasing real property (See 531 Real Estate)
- employee leasing services (See 56133 Professional Employer Organizations)
- renting or leasing equipment with operators (classified in various subsectors of NAICS depending on the nature of the service provided)
5324 - Commercial and Industrial Machinery and Equipment Rental and Leasing
This industry group comprises establishments primarily engaged in renting or leasing commercial and industrial machinery and equipment, without operator. The types of establishments included in this industry group are generally involved in providing capital/investment-type equipment that clients use in their business operations. These establishments typically serve businesses and do not generally operate a retail-like or store-front facility.
53241 - Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing
This industry comprises establishments primarily engaged in renting or leasing heavy machinery without operators.
Exclusion(s):
Establishments primarily engaged in:
- renting or leasing heavy equipment for forestry, with operator (See 11531 Support Activities for Forestry)
- renting or leasing heavy equipment for mining, with operator (See 21311 Support Activities for Mining and Oil and Gas Extraction)
- renting or leasing heavy construction equipment, with operators (See 2389 Other Specialty Trade Contractors)
- renting or leasing air, rail, highway and water transportation equipment, with operators(48-49)
- leasing and providing loans to buyers of goods and equipment, or to vendors and dealers to finance their inventories (See 52222 Sales Financing)
- renting or leasing automobiles or trucks without operators (See 5321 Automotive Equipment Rental and Leasing)
- renting pleasure boats (See 53229 Other Consumer Goods Rental)
53242 - Office Machinery and Equipment Rental and Leasing
This industry comprises establishments primarily engaged in renting or leasing office machinery and equipment.
Exclusion(s):
Establishments primarily engaged in:
- leasing and providing loans to buyers of goods and equipment, or to vendors and dealers to finance their inventories (See 52222 Sales Financing)
- renting consumer electronics and appliances (See 53221 Consumer Electronics and Appliance Rental)
- renting or leasing residential furniture (See 53229 Other Consumer Goods Rental)
53249 - Other Commercial and Industrial Machinery and Equipment Rental and Leasing
This industry comprises establishments, not classified to any other industry, primarily engaged in renting or leasing commercial and industrial machinery and equipment.
Exclusion(s):
Establishments primarily engaged in:
- renting or leasing agricultural machinery and equipment, with operators (See 115 Support Activities for Agriculture and Forestry)
- leasing and providing loans to buyers of goods and equipment, or to vendors and dealers to finance their inventories (See 52222 Sales Financing)
- renting home furniture (See 53229 Other Consumer Goods Rental)
- renting or leasing heavy equipment without operators (See 53241 Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing)
- renting or leasing office machinery and equipment (See 53242 Office Machinery and Equipment Rental and Leasing)
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