Size of the US Real Estate and Rental and Leasing industry
NAICS 53, Real Estate and Rental and Leasing. 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)
- $946 billion
- 2022 · Economic Census
All establishments, current dollars - Revenue, not seasonally adjusted
- $292 billion
- 2026-Q2 · Quarterly Services Survey
Employer firms, current dollars - Employment
- 2,372,997
- 2026-Q1 · Quarterly Census of Employment and Wages
Private-sector jobs in the third month of each quarter
Over time
How it has changed
Show the numbers
| Period | Value |
|---|---|
| 2026-Q2 | $286 billion |
| 2026-Q1 | $277 billion |
| 2025-Q4 | $278 billion |
| 2025-Q3 | $274 billion |
| 2025-Q2 | $269 billion |
| 2025-Q1 | $270 billion |
| 2024-Q4 | $266 billion |
| 2024-Q3 | $263 billion |
| 2024-Q2 | $261 billion |
| 2024-Q1 | $256 billion |
| 2023-Q4 | $251 billion |
| 2023-Q3 | $247 billion |
| 2023-Q2 | $246 billion |
| 2023-Q1 | $245 billion |
| 2022-Q4 | $231 billion |
| 2022-Q3 | $237 billion |
| 2022-Q2 | $237 billion |
| 2022-Q1 | $231 billion |
| 2021-Q4 | $227 billion |
| 2021-Q3 | $214 billion |
| 2021-Q2 | $207 billion |
| 2021-Q1 | $195 billion |
| 2020-Q4 | $193 billion |
| 2020-Q3 | $190 billion |
| 2020-Q2 | $162 billion |
| 2020-Q1 | $192 billion |
| 2019-Q4 | $193 billion |
| 2019-Q3 | $194 billion |
| 2019-Q2 | $186 billion |
| 2019-Q1 | $181 billion |
| 2018-Q4 | $182 billion |
| 2018-Q3 | $180 billion |
| 2018-Q2 | $176 billion |
| 2018-Q1 | $174 billion |
| 2017-Q4 | $171 billion |
| 2017-Q3 | $167 billion |
| 2017-Q2 | $166 billion |
| 2017-Q1 | $166 billion |
| 2016-Q4 | $161 billion |
| 2016-Q3 | $159 billion |
| 2016-Q2 | $158 billion |
| 2016-Q1 | $157 billion |
| 2015-Q4 | $153 billion |
| 2015-Q3 | $151 billion |
| 2015-Q2 | $150 billion |
| 2015-Q1 | $145 billion |
| 2014-Q4 | $144 billion |
| 2014-Q3 | $142 billion |
| 2014-Q2 | $138 billion |
| 2014-Q1 | $137 billion |
| 2013-Q4 | $133 billion |
| 2013-Q3 | $131 billion |
| 2013-Q2 | $129 billion |
| 2013-Q1 | $126 billion |
| 2012-Q4 | $125 billion |
| 2012-Q3 | $120 billion |
Source: U.S. Census Bureau, Quarterly Services Survey · Employer firms, current dollars · Agency label: Real Estate and Rental and Leasing
Show the numbers
| Period | Value |
|---|---|
| 2026-Q1 | $4.34 trillion |
| 2025-Q4 | $4.30 trillion |
| 2025-Q3 | $4.26 trillion |
| 2025-Q2 | $4.22 trillion |
| 2025-Q1 | $4.17 trillion |
| 2024-Q4 | $4.12 trillion |
| 2024-Q3 | $4.08 trillion |
| 2024-Q2 | $4.03 trillion |
| 2024-Q1 | $3.97 trillion |
| 2023-Q4 | $3.91 trillion |
| 2023-Q3 | $3.85 trillion |
| 2023-Q2 | $3.77 trillion |
| 2023-Q1 | $3.69 trillion |
| 2022-Q4 | $3.60 trillion |
| 2022-Q3 | $3.50 trillion |
| 2022-Q2 | $3.43 trillion |
| 2022-Q1 | $3.36 trillion |
| 2021-Q4 | $3.28 trillion |
| 2021-Q3 | $3.18 trillion |
| 2021-Q2 | $3.11 trillion |
| 2021-Q1 | $3.04 trillion |
| 2020-Q4 | $2.98 trillion |
| 2020-Q3 | $2.95 trillion |
| 2020-Q2 | $2.83 trillion |
| 2020-Q1 | $2.90 trillion |
| 2019-Q4 | $2.87 trillion |
| 2019-Q3 | $2.83 trillion |
| 2019-Q2 | $2.78 trillion |
| 2019-Q1 | $2.74 trillion |
| 2018-Q4 | $2.72 trillion |
| 2018-Q3 | $2.70 trillion |
| 2018-Q2 | $2.67 trillion |
| 2018-Q1 | $2.64 trillion |
| 2017-Q4 | $2.58 trillion |
| 2017-Q3 | $2.54 trillion |
| 2017-Q2 | $2.51 trillion |
| 2017-Q1 | $2.47 trillion |
| 2016-Q4 | $2.45 trillion |
| 2016-Q3 | $2.43 trillion |
| 2016-Q2 | $2.42 trillion |
| 2016-Q1 | $2.39 trillion |
| 2015-Q4 | $2.37 trillion |
| 2015-Q3 | $2.35 trillion |
| 2015-Q2 | $2.32 trillion |
| 2015-Q1 | $2.31 trillion |
| 2014-Q4 | $2.30 trillion |
| 2014-Q3 | $2.29 trillion |
| 2014-Q2 | $2.26 trillion |
| 2014-Q1 | $2.24 trillion |
| 2013-Q4 | $2.25 trillion |
| 2013-Q3 | $2.24 trillion |
| 2013-Q2 | $2.19 trillion |
| 2013-Q1 | $2.18 trillion |
| 2012-Q4 | $2.14 trillion |
| 2012-Q3 | $2.14 trillion |
| 2012-Q2 | $2.11 trillion |
| 2012-Q1 | $2.09 trillion |
| 2011-Q4 | $2.11 trillion |
| 2011-Q3 | $2.06 trillion |
| 2011-Q2 | $2.05 trillion |
| 2011-Q1 | $2.01 trillion |
| 2010-Q4 | $2.03 trillion |
| 2010-Q3 | $2.01 trillion |
| 2010-Q2 | $2.00 trillion |
| 2010-Q1 | $1.96 trillion |
| 2009-Q4 | $1.93 trillion |
| 2009-Q3 | $1.93 trillion |
| 2009-Q2 | $1.93 trillion |
| 2009-Q1 | $1.95 trillion |
| 2008-Q4 | $1.96 trillion |
| 2008-Q3 | $1.95 trillion |
| 2008-Q2 | $1.95 trillion |
| 2008-Q1 | $1.93 trillion |
| 2007-Q4 | $1.91 trillion |
| 2007-Q3 | $1.85 trillion |
| 2007-Q2 | $1.80 trillion |
| 2007-Q1 | $1.78 trillion |
| 2006-Q4 | $1.76 trillion |
| 2006-Q3 | $1.71 trillion |
| 2006-Q2 | $1.67 trillion |
| 2006-Q1 | $1.65 trillion |
| 2005-Q4 | $1.64 trillion |
| 2005-Q3 | $1.65 trillion |
| 2005-Q2 | $1.64 trillion |
| 2005-Q1 | $1.61 trillion |
Source: U.S. Bureau of Economic Analysis, GDP by Industry · Current dollars · Agency label: Real estate and rental and leasing
NAICS 2022 from 2022-Q1
Show the numbers
| Period | Value | NAICS |
|---|---|---|
| 2026-Q1 | 2,372,997 | 2022 |
| 2025-Q4 | 2,428,671 | 2022 |
| 2025-Q3 | 2,409,660 | 2022 |
| 2025-Q2 | 2,435,962 | 2022 |
| 2025-Q1 | 2,374,726 | 2022 |
| 2024-Q4 | 2,422,424 | 2022 |
| 2024-Q3 | 2,412,719 | 2022 |
| 2024-Q2 | 2,434,144 | 2022 |
| 2024-Q1 | 2,369,548 | 2022 |
| 2023-Q4 | 2,408,928 | 2022 |
| 2023-Q3 | 2,406,654 | 2022 |
| 2023-Q2 | 2,426,840 | 2022 |
| 2023-Q1 | 2,350,816 | 2022 |
| 2022-Q4 | 2,387,497 | 2022 |
| 2022-Q3 | 2,378,452 | 2022 |
| 2022-Q2 | 2,369,503 | 2022 |
| 2022-Q1 | 2,271,237 | 2022 |
| 2021-Q4 | 2,301,666 | 2017 |
| 2021-Q3 | 2,243,077 | 2017 |
| 2021-Q2 | 2,226,261 | 2017 |
| 2021-Q1 | 2,146,686 | 2017 |
| 2020-Q4 | 2,162,940 | 2017 |
| 2020-Q3 | 2,128,566 | 2017 |
| 2020-Q2 | 2,105,622 | 2017 |
| 2020-Q1 | 2,272,026 | 2017 |
| 2019-Q4 | 2,325,404 | 2017 |
| 2019-Q3 | 2,309,600 | 2017 |
| 2019-Q2 | 2,323,010 | 2017 |
| 2019-Q1 | 2,239,394 | 2017 |
Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages · Private-sector jobs in the third month of each quarter
Show the numbers
| Period | Value |
|---|---|
| 2023 | 2,391,886 |
| 2022 | 2,333,125 |
| 2021 | 2,180,602 |
| 2020 | 2,280,633 |
| 2019 | 2,240,148 |
| 2018 | 2,209,646 |
| 2017 | 2,148,006 |
Source: U.S. Census Bureau, County Business Patterns · Paid employees in the pay period including March 12
NAICS 2022 from 2022-Q1
Show the numbers
| Period | Value | NAICS |
|---|---|---|
| 2026-Q1 | 498,881 | 2022 |
| 2025-Q4 | 498,781 | 2022 |
| 2025-Q3 | 493,335 | 2022 |
| 2025-Q2 | 490,510 | 2022 |
| 2025-Q1 | 489,087 | 2022 |
| 2024-Q4 | 495,724 | 2022 |
| 2024-Q3 | 492,189 | 2022 |
| 2024-Q2 | 491,461 | 2022 |
| 2024-Q1 | 489,726 | 2022 |
| 2023-Q4 | 494,448 | 2022 |
| 2023-Q3 | 490,083 | 2022 |
| 2023-Q2 | 484,748 | 2022 |
| 2023-Q1 | 482,720 | 2022 |
| 2022-Q4 | 482,357 | 2022 |
| 2022-Q3 | 474,310 | 2022 |
| 2022-Q2 | 468,618 | 2022 |
| 2022-Q1 | 464,084 | 2022 |
| 2021-Q4 | 461,289 | 2017 |
| 2021-Q3 | 451,693 | 2017 |
| 2021-Q2 | 444,965 | 2017 |
| 2021-Q1 | 440,130 | 2017 |
| 2020-Q4 | 440,027 | 2017 |
| 2020-Q3 | 432,498 | 2017 |
| 2020-Q2 | 427,478 | 2017 |
| 2020-Q1 | 424,727 | 2017 |
| 2019-Q4 | 423,634 | 2017 |
| 2019-Q3 | 417,323 | 2017 |
| 2019-Q2 | 413,355 | 2017 |
| 2019-Q1 | 409,625 | 2017 |
Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages · Private ownership
Show the numbers
| Period | Value |
|---|---|
| 2023 | 469,562 |
| 2022 | 466,656 |
| 2021 | 456,226 |
| 2020 | 437,679 |
| 2019 | 425,263 |
| 2018 | 418,005 |
| 2017 | 406,568 |
Source: U.S. Census Bureau, County Business Patterns
NAICS 2022 from 2022-Q1
Show the numbers
| Period | Value | NAICS |
|---|---|---|
| 2026-Q1 | $52.7 billion | 2022 |
| 2025-Q4 | $52.3 billion | 2022 |
| 2025-Q3 | $45.4 billion | 2022 |
| 2025-Q2 | $44.6 billion | 2022 |
| 2025-Q1 | $51.3 billion | 2022 |
| 2024-Q4 | $50.1 billion | 2022 |
| 2024-Q3 | $43.6 billion | 2022 |
| 2024-Q2 | $42.7 billion | 2022 |
| 2024-Q1 | $48.9 billion | 2022 |
| 2023-Q4 | $47.6 billion | 2022 |
| 2023-Q3 | $41.9 billion | 2022 |
| 2023-Q2 | $41.1 billion | 2022 |
| 2023-Q1 | $47.5 billion | 2022 |
| 2022-Q4 | $47.3 billion | 2022 |
| 2022-Q3 | $42.5 billion | 2022 |
| 2022-Q2 | $40.0 billion | 2022 |
| 2022-Q1 | $43.6 billion | 2022 |
| 2021-Q4 | $46.4 billion | 2017 |
| 2021-Q3 | $37.0 billion | 2017 |
| 2021-Q2 | $34.9 billion | 2017 |
| 2021-Q1 | $36.9 billion | 2017 |
| 2020-Q4 | $39.6 billion | 2017 |
| 2020-Q3 | $31.8 billion | 2017 |
| 2020-Q2 | $30.7 billion | 2017 |
| 2020-Q1 | $38.7 billion | 2017 |
| 2019-Q4 | $38.5 billion | 2017 |
| 2019-Q3 | $33.2 billion | 2017 |
| 2019-Q2 | $32.5 billion | 2017 |
| 2019-Q1 | $36.4 billion | 2017 |
Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages · Private ownership
Show the numbers
| Period | Value |
|---|---|
| 2023 | $168 billion |
| 2022 | $162 billion |
| 2021 | $146 billion |
| 2020 | $132 billion |
| 2019 | $131 billion |
| 2018 | $123 billion |
| 2017 | $116 billion |
Source: U.S. Census Bureau, County Business Patterns
The ledger
Every published measure
| Measure | Source | Latest | Period | History |
|---|---|---|---|---|
| Value added (GDP by industry)Current dollars | GDP by Industry | $4.24 trillion | 2025 | 1997–2025 · 29 published |
| Value added, seasonally adjusted annual rateCurrent dollars | GDP by Industry | $4.34 trillion | 2026-Q1 | 2005-Q1–2026-Q1 · 85 published |
| EmploymentPrivate-sector jobs in the third month of each quarter | Quarterly Census of Employment and Wages | 2,372,997 | 2026-Q1 | 2019-Q1–2026-Q1 · 29 published |
| EstablishmentsPrivate ownership | Quarterly Census of Employment and Wages | 498,881 | 2026-Q1 | 2019-Q1–2026-Q1 · 29 published |
| Total wages in the quarterPrivate ownership | Quarterly Census of Employment and Wages | $52.7 billion | 2026-Q1 | 2019-Q1–2026-Q1 · 29 published |
| Annual payroll | County Business Patterns | $168 billion | 2023 | 2017–2023 · 7 published |
| EmploymentPaid employees in the pay period including March 12 | County Business Patterns | 2,391,886 | 2023 | 2017–2023 · 7 published |
| Establishments | County Business Patterns | 469,562 | 2023 | 2017–2023 · 7 published |
| Annual payroll | Economic Census | $157 billion | 2022 | 2017–2022 · 2 published |
| EmploymentPaid employees in the pay period including March 12 | Economic Census | 2,522,021 | 2022 | 2017–2022 · 2 published |
| Establishments | Economic Census | 469,568 | 2022 | 2017–2022 · 2 published |
| Firms | Economic Census | 368,958 | 2022 | 2017–2022 · 2 published |
| Receipts (sales, shipments or revenue)All establishments, current dollars | Economic Census | $946 billion | 2022 | 2017–2022 · 2 published |
| Revenue, not seasonally adjustedEmployer firms, current dollars | Quarterly Services Survey | $292 billion | 2026-Q2 | 2012-Q3–2026-Q2 · 56 published |
| Revenue, seasonally adjustedEmployer firms, current dollars | Quarterly Services Survey | $286 billion | 2026-Q2 | 2012-Q3–2026-Q2 · 56 published |
Breakdown
Industries within Real Estate and Rental and Leasing
| NAICS | Industry | Size | Employment |
|---|---|---|---|
| 531 | Real Estate | $672 billionReceipts · 2022 · Economic Census | 1,790,7642026-Q1 · QCEW |
| 532 | Rental and Leasing Services | $212 billionReceipts · 2022 · Economic Census | 561,1802026-Q1 · QCEW |
| 533 | Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) | $62.1 billionReceipts · 2022 · Economic Census | 21,0532026-Q1 · QCEW |
Sources
Where every number comes from
- GDP by Industry, U.S. Bureau of Economic Analysis. Quarterly and annual. Public domain (U.S. Government work). Terms.
- Quarterly Census of Employment and Wages, U.S. Bureau of Labor Statistics. Quarterly. Public domain (U.S. Government work). Terms.
- County Business Patterns, U.S. Census Bureau. Annual. Public domain (U.S. Government work). Terms.
- Economic Census, U.S. Census Bureau. Every five years (2017, 2022). Public domain (U.S. Government work). Terms.
- Quarterly Services Survey, U.S. Census Bureau. Quarterly. Public domain (U.S. Government work). Terms.
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.