Rental and operating of own or leased real estate

NACE code 68.20 covers the rental and operating of own or leased real estate. This industry plays a crucial role in the broader economy, providing essential housing, commercial, and industrial spaces for individuals, businesses, and organizations. The rental and management of real estate assets is a fundamental component of modern economic activity, enabling the efficient utilization of physical infrastructure and supporting a wide range of other industries and sectors.

The core activities within this industry involve the acquisition, maintenance, and leasing of real estate properties. This includes the purchase or leasing of land and buildings, the renovation and upkeep of these assets, and the management of tenant relationships and rental agreements. Real estate operators may also provide additional services such as property management, security, and utilities coordination to ensure the smooth operation of the properties under their control.

The main inputs required for the rental and operating of real estate include the physical properties themselves, which can range from residential homes and apartments to commercial office spaces, retail stores, and industrial facilities. Significant capital investment is needed to acquire or lease these properties, as well as ongoing expenditures for maintenance, repairs, and upgrades. Additionally, this industry relies on a range of professional services, such as legal, accounting, and property management expertise, to effectively operate the real estate assets.

The primary output of this industry is the provision of rental and leasing services for various types of real estate. The tenants and occupants of these properties can be found across a wide range of other NACE codes, including 45.11 Selling of cars and light motor vehicles, 47.11 Retail sale in non-specialized stores with food, beverages or tobacco predominating, 68.31 Real estate agencies, and 82.11 Combined office administrative service activities.