NAICS Sector 53: Real Estate and Rental and Leasing
Sector
Definition
The Real Estate and Rental and Leasing sector comprises establishments primarily engaged in renting, leasing, or otherwise allowing the use of tangible or intangible assets, and establishments providing related services. The major portion of this sector comprises establishments that rent, lease, or otherwise allow the use of their own assets by others. The assets may be tangible, as is the case of real estate and equipment, or intangible, as is the case with patents and trademarks.
This sector also includes establishments primarily engaged in managing real estate for others, selling, renting, and/or buying real estate for others, and appraising real estate. These activities are closely related to this sector's main activity, and from a production basis they are included here. In addition, a substantial proportion of property management is self-performed by lessors.
Read the full definition
The main components of this sector are the real estate lessors industries (including equity real estate investment trusts (REITs)); equipment lessors industries (including motor vehicles, computers, and consumer goods); and lessors of nonfinancial intangible assets (except copyrighted works). Excluded from this sector are establishments primarily engaged in renting or leasing equipment with operators.
Establishments renting or leasing equipment with operators are classified in various subsectors of NAICS depending on the nature of the services provided (e.g., transportation, construction, agriculture). These activities are excluded from this sector because the client is paying for the expertise and knowledge of the equipment operator, in addition to the rental of the equipment. In many cases, such as the rental of heavy construction equipment, the operator is essential to operate the equipment.
Also excluded from this sector are mortgage REITs and establishments primarily engaged in managing the financial portfolio assets of REITs on a fee or commission basis. These establishments are classified in Sector 52, Finance and Insurance.
Code facts
- Codes under it
- 3
- Contract awards
- 7,469 In the last 12 months
- Contract obligations
- $1,275,447,203 In FY2025
NAICS codes and definitions come from the U.S. Census Bureau and contract spending from SAM.gov/FPDS.
Contract obligations by fiscal year
| Fiscal year | Obligated |
|---|---|
| FY2027 To date | $45,745,702 |
| FY2026 | $1,482,507,593 |
| FY2025 | $1,275,447,203 |
| FY2024 | $1,593,752,859 |
| FY2023 | $1,313,593,727 |
Top contractors by obligations
| Rank | Contractor | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | Gulfstream Aerospace Corporation | $187,605,004 | |
| 2 | EAN Holdings, LLC | $87,430,201 | |
| 3 | Dawson's Realty & Mortgages, Inc. | $66,409,258 | |
| 4 | Information Systems & Networks Corporation | $61,381,263 | |
| 5 | 24 Asset Management Corp | $55,228,515 | |
| 6 | J G M Property Group, Inc. | $43,323,189 | |
| 7 | Tenax Aerospace LLC | $38,269,765 | |
| 8 | Cartridge Technologies, LLC | $35,781,796 | |
| 9 | Lima Charlie, Inc. | $29,536,163 | |
| 10 | Alpine Companies, Inc. | $27,164,198 |
See the full FY2025 ranking of NAICS 53 contractors, by parent company.
Top funding agencies by obligations
| Rank | Agency | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | Department of Homeland Security | $294,915,618 | |
| 2 | Department of Agriculture | $283,127,744 | |
| 3 | Department of Housing and Urban Development | $173,853,230 | |
| 4 | Department of Veterans Affairs | $126,671,218 | |
| 5 | General Services Administration | $120,407,032 | |
| 6 | Department of the Army | $107,584,931 | |
| 7 | Department of the Navy | $102,497,796 | |
| 8 | Air Force | $99,338,250 | |
| 9 | Defense Logistics Agency | $86,936,234 | |
| 10 | Department of State | $28,367,744 |
Top PSC codes by obligations
| Rank | PSC code | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | W023 Lease or Rental of Equipment: Ground Effect Vehicles, Motor Vehicles, Trailers, and Cycles | $220,573,302 | |
| 2 | 1510 Aircraft, Fixed Wing | $187,605,004 | |
| 3 | Z1FZ Maintenance of Other Residential Buildings | $131,122,509 | |
| 4 | R499 Other Professional Services | $130,483,345 | |
| 5 | W074 Lease or Rental of Equipment: Office Machines, Text Processing Systems and Visible Record Equipment | $90,907,322 | |
| 6 | W065 Lease or Rental of Equipment: Medical, Dental, and Veterinary Equipment and Supplies | $73,400,710 | |
| 7 | W099 Lease or Rental of Equipment: Miscellaneous | $62,193,766 | |
| 8 |
X1FA Lease/ |
$38,231,649 | |
| 9 |
F003 Forest/ |
$37,926,539 | |
| 10 |
X1AA Lease/ |
$33,538,139 |
Contract obligations by state
| Rank | Place of performance | Obligated, last 12 months | Share |
|---|---|---|---|
| 1 | Georgia | $94,203,678 | |
| 2 | Maryland | $78,853,517 | |
| 3 | California | $78,015,628 | |
| 4 | Hawaii | $75,448,342 | |
| 5 | District of Columbia | $74,275,315 | |
| 6 | Florida | $73,926,994 | |
| 7 | Texas | $71,048,731 | |
| 8 | Virginia | $56,888,758 | |
| 9 | Utah | $47,666,501 | |
| 10 | Michigan | $45,728,167 | |
| 11 | Pennsylvania | $44,234,423 | |
| 12 | Mississippi | $44,158,611 | |
| 13 | Oregon | $40,632,778 | |
| 14 | Washington | $33,412,050 | |
| 15 | Colorado | $21,882,880 | |
| 16 | Arizona | $20,211,188 | |
| 17 | Missouri | $19,458,761 | |
| 18 | New Mexico | $15,582,321 | |
| 19 | New York | $13,293,841 | |
| 20 | Montana | $11,476,431 | |
| 21 | Minnesota | $10,900,943 | |
| 22 | Puerto Rico | $10,791,543 | |
| 23 | South Carolina | $9,292,836 | |
| 24 | Maine | $8,686,955 | |
| 25 | Louisiana | $8,068,772 | |
| 26 | Guam | $7,868,567 | |
| 27 | Connecticut | $7,757,327 | |
| 28 | Kansas | $7,538,668 | |
| 29 | Illinois | $7,346,726 | |
| 30 | Tennessee | $7,035,509 | |
| 31 | Ohio | $7,011,645 | |
| 32 | New Jersey | $6,314,542 | |
| 33 | Kentucky | $6,244,746 | |
| 34 | Arkansas | $6,079,319 | |
| 35 | Idaho | $5,817,354 | |
| 36 | Oklahoma | $5,672,760 | |
| 37 | North Carolina | $5,556,257 | |
| 38 | Alabama | $5,090,680 | |
| 39 | Indiana | $4,975,115 | |
| 40 | Nevada | $4,176,547 | |
| 41 | Iowa | $3,032,089 | |
| 42 | Alaska | $2,951,095 | |
| 43 | Wyoming | $2,679,337 | |
| 44 | New Hampshire | $2,663,084 | |
| 45 | West Virginia | $2,616,442 | |
| 46 | Massachusetts | $2,436,747 | |
| 47 | Nebraska | $1,380,550 | |
| 48 | Vermont | $1,289,197 | |
| 49 | South Dakota | $1,171,758 | |
| 50 | Wisconsin | $873,830 | |
| 51 | Northern Mariana Islands | $680,166 | |
| 52 | North Dakota | $588,608 | |
| 53 | Rhode Island | $536,538 | |
| 54 | Delaware | $508,331 | |
| 55 | American Samoa | $21,600 | |
| 56 | U.S. Virgin Islands | $21,175 |
Show all 56
Shares are of everything obligated under NAICS 53 in the last 12 months before deobligations, including work performed abroad or with no place of performance on record.
Contract opportunities
Show 40 more
Latest 50 of 71,318 listed here. See the rest on GovTribe.
Codes under 53
Quick answers
What is NAICS 53?
NAICS 53 is Real Estate and Rental and Leasing, a sector of the North American Industry Classification System.
What codes are under NAICS 53?
NAICS 53 has 3 codes under it with their own GovTribe pages: 531 Real Estate, 532 Rental and Leasing Services and 533 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works).
How much do federal agencies spend under NAICS 53?
Federal contracts under NAICS 53 obligated $1,275,447,203 in fiscal year 2025 and $5,711,047,083 in fiscal years 2023 through 2027.
Who are the largest contractors under NAICS 53?
The contractors with the most obligated under NAICS 53 in fiscal years 2026 and 2027 are Gulfstream Aerospace Corporation ($187,605,004); EAN Holdings, LLC ($87,430,201); and Dawson's Realty & Mortgages, Inc. ($66,409,258).
Which agencies buy the most under NAICS 53?
The agencies that obligated the most under NAICS 53 in fiscal years 2026 and 2027 are Department of Homeland Security ($294,915,618), Department of Agriculture ($283,127,744) and Department of Housing and Urban Development ($173,853,230).
Which PSC codes are used with NAICS 53?
The PSC codes with the most obligated under NAICS 53 in fiscal years 2026 and 2027 are W023 Lease or Rental of Equipment: Ground Effect Vehicles, Motor Vehicles, Trailers, and Cycles; 1510 Aircraft, Fixed Wing; and Z1FZ Maintenance of Other Residential Buildings.
Where is the work under NAICS 53 performed?
By place of performance, the states with the most contract obligations under NAICS 53 over the last 12 months are Georgia ($94,203,678), Maryland ($78,853,517) and California ($78,015,628).
What is the latest contract opportunity under NAICS 53?
The latest contract opportunity under NAICS 53 is Lease of Office Space within Buffalo/
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See everything under NAICS 53
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