Industry Description
This U.S. industry comprises establishments primarily engaged in managing nonresidential real estate for others.
Cross-References.
Business Examples
Common types of business activities within NAICS 531312 - Nonresidential Property Managers are:
- Commercial property managing
- Managing commercial real estate
- Nonresidential property managing
- Property managing, nonresidential real estate
- Commercial real estate property managers' offices
- Managing commercial condominiums
- Condominium managers' offices, commercial
- Property managing, commercial real estate
- Managers' offices, commercial condominium
- Managers' offices, nonresidential real estate
- Property managers' offices, nonresidential real estate
- Managers' offices, commercial real estate
- Property managers' offices, commercial real estate
- Real estate property managers' offices, commercial
IBISWorld Industry Research Report
Property Management in the US (53131)
Revenue 2025
$136.9bn
Growth 2025
0.05%
Key Trends
Homeownership provides the strongest competition to property managers
The cost of owning a home has plummeted
The value of the properties will continue to grow in line with demand
Products and Services
Similar Industries
For some business types, there may be a similar industry to 531312 - Nonresidential Property Managers that is a better classification match. Establishments primarily engaged in:
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NAICS Cross Reference
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);
IBISWorld industry research report
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NAICS Cross Reference
Establishments primarily engaged in renting or leasing space for self-storage are classified in Industry 531130, Lessors of Miniwarehouses and Self-Storage Units; and
IBISWorld industry research report
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NAICS Cross Reference
Establishments primarily engaged in managing residential real estate for others are classified in U.S. Industry 531311, Residential Property Managers;
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NAICS Cross Reference
Establishments formed on behalf of individual nonresidential condominium owners are classified in Industry 813990, Other Similar Organizations (except Business, Professional, Labor, and Political Organizations).
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NAICS Hierarchy 531312 - Nonresidential Property Managers
NAICS Code 531312 - Nonresidential Property Managers sits in the 2-digit Nonresidential Property Managers sector. NAICS codes can be 2- to 6-digits and the further along the hierarchy, the more detailed and specific the category will be. Learn more about the structure of NAICS codes
2 Digits: 53
Sector Title: Real Estate and Rental and Leasing
3 Digits 4 Digits 5 Digits 6 Digits
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5311 Lessors of Real Estate
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53111 Lessors of Residential Buildings and Dwellings
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53112 Lessors of Nonresidential Buildings (except Miniwarehouses
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53113 Lessors of Miniwarehouses and Self-Storage Units
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53119 Lessors of Other Real Estate Property
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5312 Offices of Real Estate Agents and Brokers
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53121 Offices of Real Estate Agents and Brokers
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5313 Activities Related to Real Estate
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53131 Real Estate Property Managers
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53132 Offices of Real Estate Appraisers
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53139 Other Activities Related to Real Estate
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5321 Automotive Equipment Rental and Leasing
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53211 Passenger Car Rental and Leasing
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53212 Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing
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5322 Consumer Goods Rental
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53221 Consumer Electronics and Appliances Rental
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53228 Other Consumer Goods Rental
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5323 General Rental Centers
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53231 General Rental Centers
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5324 Commercial and Industrial Machinery and Equipment Rental and Leasing
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53241 Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing
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53242 Office Machinery and Equipment Rental and Leasing
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53249 Other Commercial and Industrial Machinery and Equipment Rental and Leasing
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5331 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works
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53311 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works
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Similar Industries Niche and Emerging
IBISWorld provides research on hundreds of niche and emerging industries, including the following for 531312 - Nonresidential Property Managers.
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