Rental and operating of own or leased real estate

NACE code 68.2, 'Rental and operating of own or leased real estate', encompasses a vital sector within the broader real estate industry. This industry plays a crucial role in the economy by providing individuals and businesses with access to property for residential, commercial, and industrial purposes. The rental and operating of real estate is a fundamental component of modern economic activity, enabling the efficient utilization of valuable land and built assets.

The core activities within this industry involve the management and operation of real estate properties owned or leased by the service provider. This includes tasks such as the maintenance and upkeep of the properties, the negotiation and administration of rental agreements, and the provision of related services to tenants. Real estate operators may also be responsible for the development and renovation of properties to enhance their value and appeal to potential tenants.

The main inputs required for the rental and operating of real estate include the properties themselves, which can be owned or leased by the service provider. Additionally, the industry relies on a range of support services and resources, such as property management software, maintenance and repair services, legal and financial expertise, and a skilled workforce to handle the day-to-day operations.

The primary output of this industry is the provision of rental and leasing services for residential, commercial, and industrial properties. The properties made available through this industry are then consumed by a wide range of other NACE codes, including 68.3 Real estate activities on a fee or contract basis, 41.1 Development of building projects, 41.2 Construction of residential and non-residential buildings, and 68.1 Buying and selling of own real estate.