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67 <br />CABARRUS <br />ECONOMIC DEVELOPMENT <br />Real Estate and Rental and Leasing — NAICS 53 <br />Real Estate and Rental and Leasing <br />% of Total Employment by County 2Q12 <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 />�G J ��A ���� ���� J ��� ���� ���� �� ���� ���� J ��� J ��A J ��A <br />0 0 0 0 0 0 0 0 0 <br />G G G 0 G G G G G 0 G 0 G G G <br />�o� a o\\ 0 a� ��A \0 � <br />Q +ate P� Gapat Ga \a� �oo\a Ga s \ 0 � �o� Gt a J� <br />trademarks. <br />The Real Estate and Rental <br />and Leasing sector <br />comprises establishments <br />primarily engaged in <br />renting, leasing, or <br />otherwise allowing the use <br />of tangible or intangible <br />assets, and establishments <br />providing related services. <br />The major portion of this <br />sector comprises <br />establishments that rent, <br />lease, or otherwise allow <br />the use of their own assets <br />by others. The assets may <br />be tangible, as is the case <br />of real estate and <br />equipment, or intangible, as <br />is the case with patents and <br />This sector also includes establishments primarily engaged in managing real estate for others, selling, <br />renting and /or buying real estate for others, and appraising real estate. These activities are closely related <br />to this sector's main activity, and it was felt that from a production basis they would best be included here. <br />In addition, a substantial proportion of property 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 FaceBook.com /CabarrusEDC I Twitter.com /CabarrusEDC <br />1 -3 <br />INTF.YNATIONALECONOMIC. <br />DEW. OFME.NT COUNCIL <br />Page 339 <br />