NAICS Code 237210-06 - Property Management-Commercial

Marketing Level - NAICS 8-Digit

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Phone Numbers: 1,181
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NAICS CODE 237210-06
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NAICS Code 237210-06 Description (8-Digit)

Property Management-Commercial is a subdivision of the Land Subdivision industry that involves the management of commercial properties such as office buildings, shopping centers, and industrial parks. This industry is responsible for ensuring that these properties are well-maintained, leased, and generating revenue for their owners. Property Management-Commercial companies act as intermediaries between property owners and tenants, handling all aspects of property management from rent collection to maintenance and repairs.

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 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

Industry Examples of Property Management-Commercial

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

History

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.