H-1B Insights: Employers classified under the Real Estate and Rental and Leasing industry file 166 petitions in New York throughout 2024

H-1B Insights: Employers classified under the Real Estate and Rental and Leasing industry file 166 petitions in New York throughout 2024

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Ted H. Kim, Associate Director Refugee, Asylum and International Operations Directorate for USCIS | https://www.naco.org/

Employers classified under the Real Estate and Rental and Leasing industry based in New York submitted 166 H-1B petitions during 2024, according to data provided by the U.S. Citizenship and Immigration Services via the H-1B Employer Data Hub.

Of these, 156 were approved (94%), while 10 were denied (6%).

Employers are classified under industries based on their reported operations and may be involved in multiple industries.

The H-1B visa program allows U.S. employers to temporarily hire foreign workers in specialty occupations requiring specialized knowledge and at least a bachelor’s degree or equivalent. It is designed to address skill gaps in the U.S. workforce while ensuring wage standards to protect both U.S. and H-1B workers. Employers must certify that they will pay H-1B workers wages equal to or greater than those of similarly qualified U.S. employees or the prevailing local wage.

The average approval rate for H-1B petitions across the United States in 2024 stood at 98%, higher than 2023's 97.3%. Statewide, New York employers across all industries submitted 28,636 petitions during the same period, achieving an approval rate of 98.4%.

The Professional, Scientific, and Technical Services industry led the H-1B filings in New York during 2024, with 8,748 petitions (30.6% of all submissions), and an approval rate of 98.5%. Meanwhile, the Finance and Insurance industry was the second largest contributor, filing 8,744 petitions (30.5% of the total), with an approval rate of 99.2%.

Compared to 2023, the Real Estate and Rental and Leasing sector in New York saw an 8.5% increase in the number of H-1B petitions during 2024.

The United States admits around 1 million legal immigrants annually, most of whom receive permanent residence (green cards) through family sponsorship or employment-based visas. In 2023, about 1.2 million immigrants were granted green cards, a return to pre-pandemic levels. Temporary visa programs, such as the H-1B for highly skilled workers and H-2A for seasonal agricultural workers, also play a critical role in filling workforce needs.

Public opinion on immigration varies, with 46% of Americans favoring maintaining current legal immigration levels, according to a 2024 Pew Research Center survey. Additionally, 42% believe that highly skilled workers, such as scientists, doctors, and programmers, should be prioritized for legal immigration, compared to 25% who prioritize workers filling labor shortages and 19% who emphasize family sponsorship. Despite this, family sponsorship remains the most common path to permanent residency, accounting for 63% of green cards issued in 2023.

The data in this article comes from the H-1B Employer Data Hub provided by the U.S. Citizenship and Immigration Services (USCIS). While USCIS strives for accuracy, manual data entry and errors on paper forms submitted by applicants or petitioners may result in discrepancies in employer names, tax IDs, locations, or other details.

H-1B Petitions by Industry in New York, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Professional, Scientific, and Technical Services8,74830.6%98.5%1.5%
2Finance and Insurance8,74430.5%99.2%0.8%
3Health Care and Social Assistance2,6629.3%96.7%3.3%
4Information2,5178.8%99.1%1%
5Educational Services2,2087.7%97.6%2.4%
6Manufacturing9673.4%97.6%2.4%
7Administrative and Support and Waste Management and Remediation Services6022.1%98.2%1.8%
8Retail Trade5411.9%99.5%0.6%
9Construction3381.2%98.8%1.2%
10Other Services (except Public Administration)2941%98%2%
11Wholesale Trade2861%96.9%3.2%
12Real Estate and Rental and Leasing1660.6%94%6%
13Transportation and Warehousing1310.5%97.7%2.3%
14Arts, Entertainment, and Recreation1120.4%95.5%4.5%
15Management of Companies and Enterprises890.3%97.8%2.3%
16Public Administration870.3%98.9%1.2%
17Accommodation and Food Services750.3%96%4%
18Utilities580.2%100%0%
19Agriculture, Forestry, Fishing and Hunting90%77.8%22.2%
20Mining, Quarrying, and Oil and Gas Extraction20%100%0%

Top Employers in Real Estate and Rental and Leasing Industry in New York, 2024

RankCompany NameTotal Petitions% Approved% Denied
1Brookfield Asset Management, LLC17100%0%
2Newmark and Company Real Estate in7100%0%
2Ehomie New York, Inc.7100%0%
4We Work Management, LLC6100%0%
5Mayflower Wenyu, LLC4100%0%
6Kafene, Inc.366.7%33.3%
6Youyork Management, LLC3100%0%
6Altus Group US, Inc.3100%0%
6Lafayette Re Management, LLC3100%0%
6Uswoo Realty, LLC366.7%33.3%
11Morgan Stanley Services Group, Inc.2100%0%
11Digitalbridge Group Advisors, LLC2100%0%
11Savills, Inc.2100%0%
11Empire Square Group, LLC2100%0%
11Acre NY Rentals, LLC2100%0%
11Revel Transit, Inc.2100%0%
11Acre NY Realty, Inc.2100%0%
11Cityspade, Inc.20%100%
11Kohan Retail Investment Group, LLC2100%0%
11Sissinyc Real Estate Corporation2100%0%
11NRE Newco, LLC2100%0%
11Unihome New York, Inc.2100%0%
11Newmark Company Real Estate, Inc.2100%0%
24Porta Management, LLC1100%0%
24Buildinglink Com, LLC1100%0%
24ASH Cap Management, LLC1100%0%
24Global Holdings Management Group U1100%0%
24Tishman Speyer Properties LP1100%0%
24BJH Advisors, LLC1100%0%
24Jardan 2018, LLC1100%0%
24Landa Holdings, Inc.1100%0%
24Stratco Property Group, Inc.1100%0%
24Peak Capital Advisors 4, LLC1100%0%
24Brookfield Properties USA II, LLC10%100%
24Armkey Team, LLC10%100%
24Meridian Capital Group, LLC1100%0%
24Giambra Realty, Corp.1100%0%
24The Raisner Group, LLC1100%0%
24K D S Developers, Inc.1100%0%
24Deutsche Bank Securities, Inc.1100%0%
24Savanna Services, LLC1100%0%
24Yas Homes NY Realty, Inc.1100%0%
24Berik, Inc.1100%0%
24New Golden Age Realty, Inc.1100%0%
24Hooli Homes New York, Inc.1100%0%
24Lalezarian Developers, Inc.1100%0%
24Ehomie Realty, Inc.1100%0%
24Spandrel Development Partners, LLC1100%0%
24Orsid Realty Corporation1100%0%
24Ariel Property Advisors, LLC1100%0%
24Genesis Holdings Management, LLC1100%0%
24TB Global Group, LLC1100%0%
24July Residential Group, LLC1100%0%
24Cycamore Capital, LLC1100%0%
24Ya Zhou Wen Hua Enterprises NY, Ltd.1100%0%
24Begom North America, Inc.1100%0%
24New Empire Builder, Corp.1100%0%
24Honeycomb Real Estate, Inc.1100%0%
24Softworks Ai, LLC1100%0%
24One World Capital, LLC1100%0%
24Bronx Pro Group, LLC1100%0%
24Arbor Realty SR, Inc.1100%0%
24Mapletree US Management, LLC1100%0%
24Gakko, Inc.1100%0%
24Taxace NY, LLC1100%0%
24CTC Trading Group, LLC1100%0%
24Real New York, LLC1100%0%
24Westminster Management, LLC1100%0%
24B6 Real Estate Advisors, LLC1100%0%
24Nest Seekers, LLC1100%0%
24Homeabroad, Inc.1100%0%
24A E Real Estate Management, LLC1100%0%
24Kuafu Properties, LLC1100%0%
24Eastone Capital, LLC1100%0%
24SLB Capital Advisors, LLC10%100%
24Omnispective Management, Corp.1100%0%
24Bridgerock Capital Holdings, Inc.1100%0%
24APT212, Inc.1100%0%
24LV NY Realty, Inc.10%100%
24Firstservice Residential New York, Inc.1100%0%
24SW Management, LLC1100%0%
24Real Broker, LLC1100%0%
24Azure Asset Management, LLC1100%0%
24MTY Group, Inc.1100%0%
24Grid Connected Infrastructure, LLC1100%0%
24119 West 45th Street Hotel, Inc.1100%0%
24Dovedale Sales, Corp.1100%0%
24Boumel Enterprises, LLC1100%0%
24Anax Real Estate Partners, LLC1100%0%
24Living Holdings, LLC1100%0%
24Finders Consulting, Inc.1100%0%
24Summit Malls Management D B a, LLC1100%0%
24Property Resources Corporation1100%0%
24C-Star Realty, LLC1100%0%
24Autorentals Com1100%0%
24Morrel Realty, LLC1100%0%
24Greenland US Commercial Holding in1100%0%
24Kang Long Group, Inc.10%100%
24DMG Investments, LLC1100%0%
24Sinatra and Company Management, LLC1100%0%
24Yun Teng, Corp.1100%0%
24Blue OWL Capital Holdings, LLC1100%0%
24Josephson, LLC1100%0%
24Am Realty Services, LLC1100%0%
24Link Logistics Real Estate Holdco1100%0%
24Fairstead ESC, LLC1100%0%
24Stuyviewii Properties, LLC10%100%

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