Tools commonly used in the Property Management-Commercial industry for day-to-day tasks and operations.

• Property management software
• Accounting software
• Customer relationship management (CRM) software
• Building automation systems
• Energy management systems
• Security systems
• Maintenance management software
• Lease management software
• Online payment systems
• Marketing automation software

Common products and services typical of NAICS Code 237210-06, illustrating the main business activities and contributions to the market.

• Office building management
• Shopping center management
• Industrial park management
• Commercial real estate management
• Retail property management
• Business park management
• Mixed-use property management
• Corporate property management
• Medical office building management
• Warehouse management

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Certified Property Manager (CPM): A certification provided by the Institute of Real Estate Management (IREM) that recognizes expertise in property management. The certification requires a combination of education, experience, and passing an exam.
• Real Property Administrator (RPA): A certification provided by BOMI International that recognizes expertise in property management. The certification requires a combination of education, experience, and passing an exam.
• Certified Commercial Investment Member (CCIM): A certification provided by the CCIM Institute that recognizes expertise in commercial real estate investment. The certification requires a combination of education, experience, and passing an exam.
• Certified Shopping Center Manager (CSM): A certification provided by the International Council of Shopping Centers (ICSC) that recognizes expertise in shopping center management. The certification requires a combination of education, experience, and passing an exam.
• Certified Lease and Finance Professional (CLFP): A certification provided by the Certified Lease & Finance Professionals Foundation that recognizes expertise in equipment leasing and financing. The certification requires passing an exam.

A concise historical narrative of NAICS Code 237210-06 covering global milestones and recent developments within the United States.

• The commercial property management industry has a long history dating back to the early 20th century when the first commercial buildings were constructed. In the 1920s, the industry saw a significant boom in the United States, with the construction of skyscrapers and office buildings. During the 1950s and 1960s, the industry continued to grow, with the development of shopping centers and malls. In the 1980s, the industry saw a shift towards more sophisticated management techniques, with the introduction of computerized systems for tracking leases and rent payments. In recent years, the industry has continued to evolve, with a focus on sustainability and energy efficiency in building management. In the United States, the commercial property management industry has seen significant growth in recent years, driven by a strong economy and a growing demand for office and retail space. The industry has also been impacted by technological advancements, with the introduction of new software and tools for managing properties. In addition, there has been a growing focus on sustainability and energy efficiency, with many property managers implementing green initiatives to reduce their environmental impact. Overall, the industry is expected to continue to grow in the coming years, driven by a strong economy and a growing demand for commercial real estate.

The anticipated future trajectory of the NAICS 237210-06 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Growing

  The future outlook for the Property Management-Commercial industry in the USA is positive. The industry is expected to grow due to the increasing demand for commercial properties. The growth of e-commerce has led to an increase in demand for warehouses and distribution centers, which has created opportunities for property management companies. Additionally, the trend of co-working spaces and flexible office spaces is expected to continue, which will also drive growth in the industry. However, the industry may face challenges due to the economic uncertainty caused by the COVID-19 pandemic. Overall, the industry is expected to grow steadily in the coming years.

Recent groundbreaking advancements and milestones in the Property Management-Commercial industry, reflecting notable innovations that have reshaped its landscape.

• Use Of Artificial Intelligence (AI) In Property Management: AI is being used to automate tasks such as rent collection, maintenance requests, and lease renewals. This has increased efficiency and reduced costs for property management companies.
• Implementation Of Building Information Modeling (BIM): BIM is being used to create 3D models of buildings, which helps in the management of properties. It allows property managers to visualize the building and identify potential issues before they occur.
• Use Of Virtual Reality (VR) In Property Tours: VR is being used to create virtual tours of properties, which allows potential tenants to view properties remotely. This has increased convenience and reduced the need for physical property tours.
• Implementation Of Internet Of Things (Iot) Devices: IoT devices such as smart thermostats and security systems are being used in properties to increase efficiency and reduce costs. They allow property managers to remotely monitor and control the property.
• Adoption Of Sustainability Practices: Property management companies are adopting sustainability practices such as energy-efficient lighting and water-saving fixtures. This has reduced costs and increased the value of properties.