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CABARRUS <br />ECONOMIC DEVELOPMENT <br />Real Estate and Rental and Leasing — NAICS 53 <br />1.8 <br />1.6 <br />1.4 <br />1.2 <br />1 <br />0.8 <br />0.6 <br />0.4 <br />0.2 <br />0 <br />Real Estate and Rental and Leasing <br />% of Total Employment by County 4Q10 <br />0 0 0 0 0 0 0 0 0 0 0 0 <br />G G G G G G G G G G G G <br />54 <br />The Real Estate and Rental and <br />Leasing sector comprises <br />establishments primarily engaged <br />in renting, leasing, or otherwise <br />allowing the use of tangible or <br />intangible assets, and <br />establishments providing related <br />services. The major portion of this <br />sector comprises establishments <br />that rent, lease, or otherwise allow <br />the use of their own assets by <br />others. The assets may be <br />tangible, as is the case of real <br />estate and equipment, or <br />intangible, as is the case with <br />patents and trademarks. <br />This sector also includes <br />1 establishments primarily engaged <br />in managing real estate for others, selling, renting and /or buying real estate for others, and appraising real <br />estate. These activities are closely related to this sector's main activity, and it was felt that from a <br />production basis they would best be included here. In addition, a substantial proportion of property <br />management is self - performed by lessors. <br />The main components of this sector are the real estate lessors industries; equipment lessors industries <br />(including motor vehicles, computers, and consumer goods); and lessors of nonfinancial intangible assets <br />(except copyrighted works). <br />Excluded from this sector are real estate investment trusts ( REITS) and establishments primarily engaged <br />in renting or leasing equipment with operators. REITS are classified in Subsector 525, Funds, Trusts, and <br />Other Financial Vehicles, because they are considered investment vehicles. Establishments renting or <br />leasing equipment with operators are classified in various subsectors of NAICS depending on the nature <br />of the services provided (e.g., transportation, construction, agriculture). These activities are excluded from <br />this sector because the client is paying for the expertise and knowledge of the equipment operator, in <br />addition to the rental of the equipment. In many cases, such as the rental of heavy construction <br />equipment, the operator is essential to operate the equipment. <br />Cabarrus Economic Development 3003 Dale Earnhardt Boulevard, Kannapolis, NC 28083 USA <br />704.782.4000 1 CabarrusEDC.com I Face Book.com /CabarrusEDC I Twitter.com /CabarrusEDC <br />1 -1 <br />INTERNATIONALECONOA C <br />//�������. // /O /O:�P'.M[�J-/1�E����Ny�T��CC��OOUUUNCIL <br />Altaai .0 bYdW ryAO¢rtiw� <br />Page 500 <br />