NAICS 531312 - Nonresidential Property Managers

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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
531 Real Estate
5311 Lessors of Real Estate
53111 Lessors of Residential Buildings and Dwellings
531110 Lessors of Residential Buildings and Dwellings
53112 Lessors of Nonresidential Buildings (except Miniwarehouses)
531120 Lessors of Nonresidential Buildings (except Miniwarehouses)
53113 Lessors of Miniwarehouses and Self-Storage Units
531130 Lessors of Miniwarehouses and Self-Storage Units
53119 Lessors of Other Real Estate Property
531190 Lessors of Other Real Estate Property
5312 Offices of Real Estate Agents and Brokers
53121 Offices of Real Estate Agents and Brokers
531210 Offices of Real Estate Agents and Brokers
5313 Activities Related to Real Estate
53131 Real Estate Property Managers
531311 Residential Property Managers
531312 Current Nonresidential Property Managers
53132 Offices of Real Estate Appraisers
531320 Offices of Real Estate Appraisers
53139 Other Activities Related to Real Estate
531390 Other Activities Related to Real Estate
532 Rental and Leasing Services
5321 Automotive Equipment Rental and Leasing
53211 Passenger Car Rental and Leasing
532111 Passenger Car Rental
532112 Passenger Car Leasing
53212 Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing
532120 Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing
5322 Consumer Goods Rental
53221 Consumer Electronics and Appliances Rental
532210 Consumer Electronics and Appliances Rental
53228 Other Consumer Goods Rental
532281 Formal Wear and Costume Rental
532282 Video Tape and Disc Rental
532283 Home Health Equipment Rental
532284 Recreational Goods Rental
532289 All Other Consumer Goods Rental
5323 General Rental Centers
53231 General Rental Centers
532310 General Rental Centers
5324 Commercial and Industrial Machinery and Equipment Rental and Leasing
53241 Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing
532411 Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing
532412 Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing
53242 Office Machinery and Equipment Rental and Leasing
532420 Office Machinery and Equipment Rental and Leasing
53249 Other Commercial and Industrial Machinery and Equipment Rental and Leasing
532490 Other Commercial and Industrial Machinery and Equipment Rental and Leasing
533 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)
5331 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)
53311 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)
533110 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)

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