NAICS 531312 - Nonresidential Property Managers
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Related NAICS Codes
Key Terms
nonresidential property management
commercial real estate
government facilities management
leasing services
tenant relations
facility maintenance
rent collection
regulatory compliance
government contracting
GSA property management
IDIQ contracts
performance-based contracts
small business opportunities
energy-efficient property management
real estate asset management
What is NAICS 531312
NAICS code 531312 covers establishments primarily engaged in managing nonresidential real estate on behalf of owners. This includes commercial, industrial, office, retail, and other types of nonresidential properties. Businesses in this sector provide comprehensive property management services such as leasing, maintenance, rent collection, tenant relations, and compliance with regulatory requirements. These firms often act as intermediaries between property owners and tenants, ensuring efficient operation and maximizing asset value. Government agencies contract for these services to maintain and operate their nonresidential facilities efficiently, ensuring that public buildings, office spaces, and commercial properties meet operational standards and regulatory compliance while optimizing costs.
Industry Classification for NAICS 531312
This U.S. industry comprises establishments primarily engaged in managing nonresidential real estate for others.
Breakdown for NAICS 531312
- Focuses on managing commercial, industrial, and office properties rather than residential real estate.
- Includes services such as leasing, rent collection, maintenance, and tenant liaison.
- Primarily serves property owners who do not self-manage their nonresidential assets.
- Subject to SBA size standards typically based on employee count or annual revenue.
- Supports government entities managing their leased or owned nonresidential facilities.
Included Activities for NAICS 531312
- Coordinating lease agreements and tenant negotiations for nonresidential spaces.
- Overseeing property maintenance, repairs, and janitorial services.
- Collecting rents and managing financial reporting for property owners.
- Ensuring compliance with building codes, safety regulations, and environmental laws.
- Managing vendor contracts and service providers related to property upkeep.
- Conducting regular property inspections and addressing tenant concerns.
- Preparing budgets and forecasting operational expenses for nonresidential properties.
- Implementing energy efficiency and sustainability initiatives for government facilities.
Business Types for NAICS 531312
- Commercial property management firms
- Real estate asset management companies
- Facilities management service providers
- Specialized leasing and tenant services agencies
- Small businesses specializing in government facility management
- Veteran-owned and minority-owned real estate service firms
Subcategories for NAICS 531312
- 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
Government Buyers for NAICS 531312
Federal, state, and local government agencies commonly purchase nonresidential property management services to oversee government-owned or leased commercial and office spaces. Agencies such as the General Services Administration (GSA), Department of Defense (DoD), and various state and municipal real estate offices require these services to ensure their properties are properly maintained, leased, and compliant with safety and environmental regulations. These services help government entities manage their real estate portfolios effectively, reduce operational expenses, and improve tenant satisfaction within government-occupied facilities.
Contract Types & Procurement for NAICS 531312
Contracts for nonresidential property management services typically include firm-fixed-price, indefinite-delivery indefinite-quantity (IDIQ), and time-and-materials contracts. Procurement methods often involve competitive bidding, requests for proposals (RFPs), and simplified acquisitions, depending on contract size and complexity. Contract values vary widely based on property size and scope but generally range from tens of thousands to several million dollars annually. Government contracts may also include options for extensions and performance-based incentives tied to tenant satisfaction and operational efficiency.
Details for NAICS 531312
Explore the hierarchy and related codes for this industry
| NAICS Code | Industry Title |
|---|---|
| 53131 | Real Estate Property Managers |
| 5313 | Activities Related to Real Estate |
| 531 | Real Estate |
| NAICS Code | Industry Title |
|---|---|
| 531311 | Residential Property Managers |
| 531320 | Offices of Real Estate Appraisers |
| 531390 | Other Activities Related to Real Estate |
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