531312 Nonresidential Property Managers

Official definition

This U.S. industry comprises establishments primarily engaged in managing nonresidential real estate for others.

Source: US Census Bureau, 2022 NAICS descriptions.

When to use a different code

Census classifies these close-sounding activities somewhere else. Businesses mainly engaged in:

• 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.
• 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.

Source: US Census Bureau, 2022 NAICS cross-references.

Businesses that use this code

• Property management company

Activities listed under 531312

The Census index assigns these 14 activities to this code. If your business matches one, this is your code.

• 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

Source: US Census Bureau, 2022 NAICS index file.

SBA size standard for 531312

To count as a small business for SBA loans and federal contracts under NAICS 531312, your business (including affiliates) must not exceed $19.5 million in average annual receipts. Check your business.

Source: SBA table of size standards, effective March 17, 2023.

Closest UK SIC 2007 codes

There is no official one-to-one link between NAICS and UK SIC. These codes share the same international class (ISIC Rev. 4: 6820), so treat them as a starting point and check the definition.

• 68201Renting and operating of Housing Association real estateUK SIC
• 68202Letting and operating of conference and exhibition centresUK SIC
• 68209Other letting and operating of own or leased real estateUK SIC

Built from Census concordances 2022→2017 NAICS and 2017 NAICS→ISIC Rev. 4.

Similar codes to compare

• 531311Residential Property Managers