Below, we will present a description of the types of establishments to which the NAICS code 531312 is assigned, as well as their respective classification. This code is part of a system that categorizes various economic activities, thus facilitating the analysis and understanding of the sectors involved.
Description NAICS Code 531312 – Nonresidential Property Managers
This U.S. industry comprises establishments primarily engaged in managing nonresidential real estate for others.
NAICS code 531312 includes:
- Commercial property managing
- Commercial real estate property managers’ offices
- Condominium managers’ offices, commercial
- Managers’ offices, commercial condominium
- Managers’ offices, commercial real estate
- Managers’ offices, nonresidential real estate
- Managing commercial condominiums
- Managing commercial real estate
- Nonresidential property managing
- Property managers’ offices, commercial real estate
- Property managers’ offices, nonresidential real estate
- Property managing, commercial real estate
- Property managing, nonresidential real estate
- Real estate property managers’ offices, commercial
NAICS Code 531312 does not include the following references:
- Establishments primarily engaged in managing residential real estate for others are classified in U.S. Industry 531311, Residential Property Managers;
- Establishments primarily engaged in acting as lessors of buildings (except miniwarehouses and self-storage units) that are not used as residences or dwellings are classified in Industry 531120, Lessors of Nonresidential Buildings (except Miniwarehouses);
- Establishments primarily engaged in renting or leasing space for self-storage are classified in Industry 531130, Lessors of Miniwarehouses and Self-Storage Units;
- Establishments formed as associations on behalf of individual nonresidential condominium owners are classified in Industry 813990, Other Similar Organizations (except Business, Professional, Labor, and Political Organizations);
- Establishments primarily engaged in providing operating staff to perform a combination of services to support operations within a client’s facilities are classified in Industry 561210, Facilities Support Services;
- Establishments primarily engaged in renting real estate on behalf of owners are classified in Industry 531210, Offices of Real Estate Agents and Brokers;
- Establishments primarily engaged in providing individual activities related to property management (e.g., maintenance, security, landscaping, etc.) are classified in the appropriate industry according to the service provided; and
- Establishments primarily engaged in operating short-term lodging facilities, such as hotels, motels, casino hotels, and bed-and-breakfast inns are classified in Industry Group 7211, Traveler Accommodation.
