NAICS Code 237210-05 - Real Estate Developers

Marketing Level - NAICS 8-Digit

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NAICS CODE 237210-05
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NAICS Code 237210-05 Description (8-Digit)

Real Estate Developers are professionals who purchase land, finance real estate deals, and oversee the process of developing properties. They are responsible for the planning, design, construction, and marketing of commercial and residential properties. Real Estate Developers work with architects, engineers, contractors, and other professionals to ensure that projects are completed on time and within budget. They also work with local government officials to obtain necessary permits and approvals.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 237210 page

Tools

Tools commonly used in the Real Estate Developers industry for day-to-day tasks and operations.

  • Real Estate Development Software
  • Project Management Software
  • Financial Analysis Software
  • Geographic Information System (GIS) Software
  • Building Information Modeling (BIM) Software
  • Customer Relationship Management (CRM) Software
  • Accounting Software
  • Marketing Automation Software
  • Virtual Reality (VR) Technology
  • Drones

Industry Examples of Real Estate Developers

Common products and services typical of NAICS Code 237210-05, illustrating the main business activities and contributions to the market.

  • Residential Subdivisions
  • Commercial Office Buildings
  • Retail Shopping Centers
  • Industrial Warehouses
  • Mixed-Use Developments
  • Apartment Complexes
  • Condominiums
  • Senior Living Communities
  • Student Housing
  • Hospitality Developments

History

A concise historical narrative of NAICS Code 237210-05 covering global milestones and recent developments within the United States.

  • Real Estate Developers have been around for centuries, with the earliest known example being the Roman Empire's development of insulae, or apartment buildings, in the 2nd century BC. In the United States, the industry began to take shape in the late 19th century, with the development of suburban communities and the construction of skyscrapers in urban areas. Notable advancements in the industry include the introduction of zoning laws in the early 20th century, which helped to regulate land use and promote urban planning, and the development of green building practices in the late 20th century, which prioritize sustainability and energy efficiency. In recent history, the Real Estate Developers industry in the United States has faced significant challenges, including the 2008 financial crisis and the COVID-19 pandemic. However, the industry has also seen notable advancements, such as the increased use of technology in the development process, including virtual reality and 3D printing, and the growing trend of mixed-use developments, which combine residential, commercial, and retail spaces in a single project.