Insights / Data report, County Business Patterns 2023
COMMERCIAL landlords, by metro.
Where are owners and lessors of commercial buildings concentrated? This report ranks the 100 largest US metros by owners and lessors of commercial buildings per 100,000 residents, from the Census Bureau’s County Business Patterns. These are the landlords of shopping centers, office buildings, and industrial parks, and each property they lease needs a website of its own.
Findings
WHAT THE
data shows.
Establishments with employees per 100,000 residents, 2023.
- 01
Miami has the most owners and lessors of commercial buildings for its size: 21.5 for every 100,000 residents, 2.1 times the US rate of 10.1. New York (18.3) and Los Angeles (17.3) follow.
- 02
The lowest rates among the 100 largest metros are in Bakersfield (3.8), Riverside (4.9), and Augusta (5.0).
- 03
In total, the Census Bureau counted 34,559 owners and lessors of commercial buildings with employees in the United States in 2023.
- 04
Orange County, California, where Endcap is based, has 19.0 per 100,000 residents, which would rank second among the 100 metros.
Owners and lessors of commercial buildings per 100,000 residents
Each metro links to its city guide.
Method
Establishments with paid employees in NAICS 531120 from County Business Patterns 2023, divided by the July 2025 population estimate for each metro. An establishment is a single business location, so a firm with three offices counts three times, and owner-only businesses without employees are not included. Metros use the 2023 OMB definitions; Orange County is shown as a county for comparison.
Sources: County Business Patterns 2023; Population Estimates, Vintage 2025. Updated 2026-10-10.
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