5311/Lessors of Real Estate
US businesses, employees and payroll, 2017 to 2023
606K
employees, 2023
606K
employees, 2023
In 2023, 136,539 US Lessors of Real Estate business locations employed 605,793 people and paid $38.1 billion in annual payroll, $62,849 per employee on average. Employment was up 0.8% from 2022. California had the most employees.
Updated Oct 9, 2026 · data year 2023
Business locations
136,539
+0.1% vs 2022
Employees
605,793
+0.8% vs 2022
Annual payroll
$38.1B
+4.6% vs 2022
Average pay
$62,849
+3.7% vs 2022
Over the years
United States, 2017 to 2023
Employees
Paid employees in mid-March
Business locations
Places with paid employees
By state
Employees of Lessors of Real Estate in each state, 2023
Employees by state
States with the most employees
Employees and the share of all the state's jobs
| State | Business locations | Employees | Average pay | Share of state jobs |
|---|---|---|---|---|
| California | 18,148 | 78,202 | $72,911 | 0.48% |
| New York | 15,695 | 71,234 | $67,307 | 0.81% |
| Texas | 12,399 | 56,833 | $70,194 | 0.47% |
| Florida | 10,640 | 41,947 | $56,481 | 0.42% |
| Illinois | 3,777 | 20,228 | $73,677 | 0.36% |
| Georgia | 3,879 | 20,021 | $73,606 | 0.45% |
| New Jersey | 3,956 | 18,549 | $59,144 | 0.47% |
| Ohio | 3,915 | 18,104 | $58,244 | 0.36% |
| Pennsylvania | 3,789 | 17,117 | $62,504 | 0.30% |
| Washington | 3,757 | 16,152 | $59,589 | 0.53% |
| North Carolina | 3,835 | 15,553 | $55,760 | 0.36% |
| Virginia | 3,172 | 15,151 | $66,748 | 0.42% |
| Arizona | 2,809 | 14,752 | $60,862 | 0.51% |
| Michigan | 2,849 | 14,525 | $60,975 | 0.36% |
| Tennessee | 2,625 | 13,267 | $69,836 | 0.45% |
The 15 states with the most employees. Download the CSV for all 51.
Top metro areas
Metro and micro areas with the most Lessors of Real Estate employees, 2023
Metro areas with the most employees
| Metro area | Locations | Employees | Average pay |
|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ | 16,236 | 75,390 | $69,140 |
| Los Angeles-Long Beach-Anaheim, CA | 7,544 | 33,341 | $79,325 |
| Dallas-Fort Worth-Arlington, TX | 3,665 | 20,106 | $77,866 |
| Chicago-Naperville-Elgin, IL-IN | 2,960 | 17,138 | $79,378 |
| Atlanta-Sandy Springs-Roswell, GA | 2,545 | 15,120 | $79,182 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 2,574 | 15,018 | $87,943 |
| Houston-Pasadena-The Woodlands, TX | 3,025 | 14,598 | $84,448 |
| Miami-Fort Lauderdale-West Palm Beach, FL | 3,925 | 13,436 | $63,541 |
| San Francisco-Oakland-Fremont, CA | 2,620 | 12,521 | $86,508 |
| Phoenix-Mesa-Chandler, AZ | 1,934 | 11,737 | $65,697 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | 2,140 | 10,614 | $69,826 |
| Seattle-Tacoma-Bellevue, WA | 2,264 | 10,600 | $68,752 |
| Boston-Cambridge-Newton, MA-NH | 1,889 | 9,405 | $82,378 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1,375 | 8,926 | $53,927 |
| San Diego-Chula Vista-Carlsbad, CA | 1,628 | 7,212 | $83,297 |
Business size
US Lessors of Real Estate business locations by number of employees, 2023
Locations by size
| Employees | Locations | Share |
|---|---|---|
| Under 5 | 106,626 | 78.1% |
| 5 to 9 | 19,412 | 14.2% |
| 10 to 19 | 6,791 | 5.0% |
| 20 to 49 | 2,645 | 1.9% |
| 50 to 99 | 690 | 0.5% |
| 100 to 249 | 277 | 0.2% |
| 250 to 499 | 72 | 0.1% |
| 500 to 999 | 20 | 0.0% |
| 1,000 or more | 6 | 0.0% |
Related industries
Lessors of Real Estate and the 4 industries directly below it
Part of Real Estate and Rental and Leasing 53Real Estate 531
| Code | Industry | Employees | Average pay |
|---|---|---|---|
| 53111 | Lessors of Residential Buildings and Dwellings | 348,544 | $55,560 |
| 53112 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 174,571 | $83,642 |
| 53113 | Lessors of Miniwarehouses and Self-Storage Units | 48,382 | $40,550 |
| 53119 | Lessors of Other Real Estate Property | 34,296 | $62,547 |
Questions and answers
How many people work in Lessors of Real Estate in the US?
605,793 people worked at 136,539 US Lessors of Real Estate business locations in 2023, up 0.8% from 2022. That is 0.43% of all US private-sector employees.
What is the average pay in Lessors of Real Estate?
$62,849 a year per employee in 2023, from $38.1 billion in annual payroll (up 3.7% from 2022). The average across all US industries was $68,342.
Which state has the most Lessors of Real Estate jobs?
California had the most, with 78,202 employees in 2023, followed by New York (71,234) and Texas (56,833).
Which metro areas have the most Lessors of Real Estate jobs?
New York-Newark-Jersey City, NY-NJ (75,390), Los Angeles-Long Beach-Anaheim, CA (33,341), Dallas-Fort Worth-Arlington, TX (20,106) had the most Lessors of Real Estate employees in 2023.
Are most Lessors of Real Estate businesses small?
97.3% of the 136,539 Lessors of Real Estate business locations had fewer than 20 employees in 2023, and 26 had 500 or more.
Official US government statistics, published once a year. Business locations are places with paid employees; employees are counted in mid-March; payroll covers the whole year. Covers most private employers, not the self-employed, most government workers or farm workers on farms. Changes from the year before are shown only when both years use the same edition of the industry codes.