NAICS 53119 - 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.
Industry trends:
The Lessors of Other Real Estate Property industry (NAICS 53119) has been experiencing several qualitative trends. One notable trend is the increasing demand for flexible leasing arrangements, driven by the growing prevalence of remote work and hybrid office models. This has led to a surge in interest for short-term leases and co-working spaces. Additionally, sustainability has become a significant factor, with tenants seeking properties that boast eco-friendly features and energy efficiency.
Another trend is the integration of advanced technology in property management. Property owners and managers are leveraging automation and artificial intelligence to streamline operations, enhance tenant experiences, and improve overall property management efficiency. These technologies help in reducing operational costs, attracting tech-savvy tenants, and providing value-added services.
Looking ahead, the industry is expected to witness continued evolution in lease structures to accommodate changing work environments and tenant preferences. The emphasis on sustainability is likely to grow stronger, influencing new developments and retrofitting projects. Furthermore, the incorporation of proptech solutions is anticipated to accelerate, making properties more attractive to potential tenants and investors. Economic uncertainties, however, could present challenges, influencing leasing activity and tenant stability.
This industry is comprised of:
Agricultural property rental leasing
Airport leasing, not operating airport, rental or leasing
Equity real estate investment trusts (REITs), primarily leasing real estate (except residential buildings and dwellings, nonresidential buildings, miniwarehouses, and self-storage units)
Farmland rental or leasing
Flea market space (except under roof) rental or leasing
Forest land rental or leasing
Grazing land rental or leasing
Land rental or leasing
Manufactured (mobile) home parks
Manufactured (mobile) home sites rental or leasing
Mining property leasing
Mobile (manufactured) home parks
Mobile (manufactured) home site rental or leasing
Railroad right of way leasing
Real estate (except building) rental or leasing
Residential trailer parks
Trailer park or court, residential
Vacant lot rental or leasing
Vacation and recreation land rental or leasing
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
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