NAICS 531 - Real Estate
Related NAICS Codes for NAICS 531
Click on any NAICS code to explore that specific industry within NAICS 531
| NAICS Code | Industry Title |
|---|---|
| 5311 | Lessors of Real Estate |
| 5312 | Offices of Real Estate Agents and Brokers |
| 5313 | Activities Related to Real Estate |
What is NAICS 531
Industry Classification for NAICS 531
Industries in the Real Estate subsector group establishments primarily engaged in renting or leasing real estate to others; managing real estate for others; selling, buying, or renting real estate for others; and providing other real estate related services, such as appraisal services.
This subsector includes equity real estate investment trusts (REITs) primarily engaged in leasing buildings, dwellings, or other real estate property to others. Mortgage REITs are classified in Subsector 525, Funds, Trusts, and Other Financial Vehicles.
Establishments primarily engaged in subdividing and developing unimproved real estate and constructing buildings for sale are classified in Subsector 236, Construction of Buildings. Establishments primarily engaged in subdividing and improving raw land for subsequent sale to builders are classified in Subsector 237, Heavy and Civil Engineering Construction.
Breakdown for NAICS 531
- Includes establishments primarily engaged in leasing or renting real estate to others.
- Encompasses property management services for government and private clients.
- Covers real estate brokerage activities such as buying, selling, and renting on behalf of others.
- Includes equity REITs focused on property leasing but excludes mortgage REITs.
- Excludes construction and land development, which are classified under different NAICS codes.
- Applies to businesses providing appraisal and other ancillary real estate services.
Included Activities for NAICS 531
- Leasing commercial, residential, and industrial real estate properties.
- Managing government-owned and leased real estate portfolios.
- Conducting real estate appraisals for valuation and acquisition purposes.
- Providing brokerage services including buying and selling properties for government clients.
- Administering lease agreements and tenant relations.
- Consulting on real estate investment and property disposition strategies.
- Supporting compliance with real estate regulations and environmental standards.
- Assisting with property acquisition and disposition processes.
Business Types for NAICS 531
- Real estate brokerage firms
- Property management companies
- Equity real estate investment trusts (REITs)
- Real estate appraisal and consulting firms
- Government real estate service providers
- Commercial leasing agencies
Government Buyers for NAICS 531
Contract Types & Procurement for NAICS 531
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