NAICS Code 531110-06 - Operators Of Apartment Buildings

Marketing Level - NAICS 8-Digit

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NAICS CODE 531110-06
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Looking for more companies? See NAICS 531110 - Lessors of Residential Buildings and Dwellings - 49,565 companies, 54,491 emails.

NAICS Code 531110-06 Description (8-Digit)

Operators of Apartment Buildings is a subdivision of the NAICS Code 531110, which involves the leasing and management of residential buildings and dwellings. This industry specifically focuses on the operation of apartment buildings, which are multi-unit residential buildings that are rented out to tenants. Operators of Apartment Buildings are responsible for maintaining the property, collecting rent, and ensuring that tenants are satisfied with their living conditions. This industry is highly competitive, and Operators of Apartment Buildings must be able to provide high-quality living spaces and amenities to attract and retain tenants. They must also be knowledgeable about local housing laws and regulations, as well as market trends and pricing strategies.

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 531110 page

Tools

Tools commonly used in the Operators Of Apartment Buildings industry for day-to-day tasks and operations.

  • Property management software
  • Maintenance and repair tools (e.g. power tools, hand tools)
  • Cleaning supplies and equipment
  • Security systems and cameras
  • Landscaping tools and equipment
  • Accounting software
  • Communication tools (e.g. email, phone, messaging apps)
  • Tenant screening software
  • Marketing and advertising tools (e.g. social media, online listings)
  • Lease agreement templates

Industry Examples of Operators Of Apartment Buildings

Common products and services typical of NAICS Code 531110-06, illustrating the main business activities and contributions to the market.

  • Luxury apartment buildings
  • Student housing complexes
  • Low-income housing developments
  • Senior living communities
  • Affordable housing units
  • Co-living spaces
  • Mixed-use apartment buildings
  • Corporate housing complexes
  • Short-term rental apartments
  • Pet-friendly apartment buildings

History

A concise historical narrative of NAICS Code 531110-06 covering global milestones and recent developments within the United States.

  • The Operators of Apartment Buildings industry has a long history dating back to the early 20th century when the first apartment buildings were constructed in the United States. The industry experienced significant growth in the 1960s and 1970s, as urbanization and population growth led to increased demand for affordable housing. In recent years, the industry has seen a shift towards more luxury apartment buildings, with amenities such as fitness centers, swimming pools, and rooftop gardens becoming increasingly common. In the United States, the industry has also been impacted by the COVID-19 pandemic, with many renters struggling to pay rent and landlords facing increased vacancies.